8 Businesses That Are Taking 2020 By Storm

2020 has just started and certain kinds of businesses are booming. These eight business styles offer innovative practices that lean into current technology and make life easier for the employer, employee, and the consumer. Read on to learn about the trends that will be popping up in your city this year. 

Coworking spaces – Coworking spaces are popping up across America. These spaces are great for small business owners and freelancers who need an official location for their business. It saves a small business significant money or rent and utilities while still allowing them to have a professional space. 

There are a variety of types from minimal to all-inclusive, high-end and professional office setting to large open concrete slab garage-type space for tradespeople to work with machinery and tools. 

Delivery services – Businesses such as Instacart  — a grocery delivery service and Postmates  — a food delivery service are growing each day. If you aren’t feeling well, it’s been a long day, maybe the car is in the shop or perhaps you are just busy and you can have groceries right to your door for a few extra dollars, why wouldn’t you? In some states, you can now even order weed for delivery!

 

Outsourcing businesses – Outsourcing is on the rise as it saves many companies money. It’s cheaper for them to pay freelancers or other suppliers to complete the work rather than handling it internally. Not all companies have the resources to handle all of their business tasks in-house.

Outsourcing to someone that has the appropriate expertise to get the job done right is a smart move for any business. 

Consulting – Consulting is the business of a paid expert giving advice about a specific field. The draw of consulting is that there is no physical product to sell. You are selling information. 

Paying a one time ( or possibly occasional ) fee to a consultant can help save you tons of time, money and headache later on. 

Collaboration –  In the sharing economy, businesses such as Airbnb, Uber, Lyft, and TaskRabbit are all succeeding greatly especially in major cities and vacation destinations. Most of these businesses rely heavily on smartphone usage. 

The draw is that they save the customer time or money. When it comes to rideshare companies, the driver is using their own car to bring in extra money typically in their spare time. For Airbnb, the owner of the home is renting out their space when they don’t need it. It’s a great way to bring in extra cash.

Renewable energy – With many of the earth’s natural resources depleting, it’s wise that people are investing in renewable energy services. Companies that sell solar power, harnessed wind energy, and electric transportation will all undoubtedly continue to boom for years to come. 

Online Services: In the gig economy, online services will continue to rise in popularity. This includes among other things, web development, web design, graphic design, blogging, and online coaching or courses. Most companies and individuals prefer to work with e-businesses that offer online services whenever possible as it saves time and often money as well.

. Apps:  In the current tech boom, there seems to be a never-ending need for new apps. Old ideas that have been greatly improved upon such as new communication channels and social networks, as well as brand new app ideas, are all increasingly in demand.

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