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30 Businesses that Are Likely to Thrive in 2020

Are you looking for a business that is sure to thrive? There is opportunity in technological trends that you might not even be aware of. Between 2020 to 2030, economics have determined what will be the most important human needs. They will of course have a lot to do with technology. However, the opportunities may not mean that you have to be an AI expert. There are ways that you can support the trends that are up and coming.

The best and brightest entrepreneurs have always looked ahead, as opposed to following what other people were doing. While it may come with risks of “not panning out,” the rewards can be massive if you’re able to anticipate the general public’s needs before they know they need it. The car, Internet, smartphones, and bitcoins were all laughed at before they became a necessity in many people’s lives.

Probably the biggest industries you can expect in terms of thriving businesses are energy and clean technology. No matter how much money a person has, if there is no planet to spend it on, it’s useless. There is also nanotechnology, entertainments, and ways to adapt Earth so that it can hold all of us humans. Business changes incredibly quickly now, for which we can thank globalization and digital tech.

So if you’re looking to diversify, start a business, or go back to school for a relevant skill, this list should help you figure out what’s next.

 




 

Forecasted Businesses that Will Succeed Between the Years 2010 and 2030

1. Blood Bank

2. Cybersecurity

3. Stem Cell Therapy

4. Anything Botox

5. Development of Apps (we, of course, are already seeing this)

6. Biotechnology

7. Alternate ways of creating energy

8. Angel Investing

Forecasted Future Small Business Ideas to Get Into

9. Data Crunching

Big Data is something we’ve been hearing about for the past few years, and it is just the beginning. It’s the creation of tapping into databases that are going to give business everything they need to know about their customers (and potential customers). Companies will also be able to gather information about themselves so they can be better. They can gain information about their competitors, which allows them to be more competitive. Having easy access to this kind of information can make a business successful and keep them on top. The growing fields of marketing and marketing research makes big data a big deal. Creating gadgets that can support this trend will be an easy sell and companies are willing to pay a lot of money for it.

10. 3D Printing Shop

Companies that want to create things in the future will be able to get it done more quickly for less money with 3D printing advancements. If you invest in the machinery as the costs for them decline, you can likely get some big contracts from companies looking to have things fabricated. There can be a base product that can be modified for each customer’s needs. This is going to explode and if you implement your business practices early, you could be the go-to company for whatever niche you decide to work with. Maybe you want to focus on creating architect models or creating spare parts for something.

11. Computer Engineering

Computer engineering has been a thriving industry for quite some time now and this trend isn’t going anywhere. There is a great need for capable computer experts that can tie systems together for all types of business. If you don’t have the type of mind that can wrap it’s head around computer engineering, you can still create a support business. A way of connecting the right engineers with the right companies might be the way to go as an example.

12. Scientific Research

With so much new technology being used for medical, manufacturing, and other fields, it’s important to be able to back up the legitimacy of the benefits. This is going to create a huge demand for people who know about biology, engineering, and math. They will be commissioned to conduct studies to ensure that the technology being brought to the public is safe and does what it’s supposed to.

13. Bottled Air Business

Seems crazy right? However, this natural resource may become a popular commodity. Air is just as essential as water and if you look at the fact that bottled water is a $10 billion business, you can see how air might become just as lucrative. In many places, the air is so terrible that people would pay to enjoy a few breaths of fresh, clean air. Remember the oxygen bar craze in the 90’s? Well it’s going to come back as many highly populated cities have a lot of pollution. Good, clean air increases oxygen in the blood, which can make you feel more energized. It’s kind of like taking a walk in the mountains and it’s likely to be a trend in the future.

14. Greenhouse Gas Auditors

There is a lot of focus on keeping the earth as clean as possible. At some point, there will be a need for auditors to gauge how much a person/company is contributing to greenhouse gas. It is going to be complex as the simple things people do without thinking is contributing. Transporting food or heating/cooling your home will all be a part of the consideration. First, there will need to be policies put into place before it can be audited. However, if you begin to slowly develop what your business model would look like and keep up with the information, you may be able to get into this line of work. Even if you don’t have an environment Science degree, you can choose some form of service to help companies. Maybe an app that lets individuals know when they are contributing to increasing greenhouse gas.

15. Legal Marijuana Products

Countries are starting to see the benefits of marijuana use and places like Canada have made it legal.  Every business that supports the legal marijuana industry has made an incredible amount of money already. Start conceptualizing what your package of rolled marijuana cigarettes would look like. Maybe you can reduce how quickly the papers burn or create something that makes the user experience better. Packaging will be essential too. Make no mistake, this is going to be a growing industry soon enough where the masses will take advantage of it. Even a micro-dosing cigarette could be a lucrative business because for many, it’s about the medicinal benefits more than it is about being high.

16. Privacy Protection Firm

With all of our information floating in some bazaar cloud that most people don’t really understand, privacy protection will become essential. We store all important information about ourselves online and if the wrong people have access to that, we could stand to lose a lot. It’s a scary thought that makes people feel unsafe when they consider it. A bank needs to ensure their customers feel safe with their money stored there. If there is a breach, customers will leave the bank by the millions. If you have a business that has solutions to protecting people’s privacy, you will have an endless amount of clients that are knocking at your door. If you were to offer this service, how could you make it automated so it’s essentially passive income?

17. Efficient Farming

Think about this, creating farms that are vertical as opposed to taking up land mass. You can use gravity to conserve more water, watering the top tier and creating ways the water can make it down to the other tiers. It’s a genius idea, which will need a lot of supporting products. How do you think you could create a product or service to help this new style of farming that is sure to become extremely popular?

18. Home Care For the Aging Population

While this is already a business that’s been available in developed countries for decades, there is a large aging population. This is increasing the demand for elderly homes. To have a brick and mortar business might be too much of an investment. There are other ways you can get into this market and you don’t even have to have the education necessary to help with the elderly. There are some elderly people that understandably want to stay in the home they’ve lived in for a long time. You can make it possible for them in a variety of ways. Think of their pain points and how you can create a product/service that helps them. Robotics may come into play one day very soon but for now, you may want to think in terms of a cooking service where you go into their home and make them meals. Maybe your company runs errands for them.

19. Making the Golden Years Great

With the baby boom now comes a mass of retirees. Statistically, by 2020, 80% of people in the workforce will be over 50. In the not too far off future, there are going to be a lot of people retiring. So how can you help them enjoy a great retirement? Sadly, many people become quite sad after they stop working. They don’t know what to do with themselves, they’ve lost purpose, and they feel lonely. Think of ways you can help them continue to thrive in their lives. This is one of those businesses where you stand to be highly successful and you will feel good about the work you’re doing.

20. Consulting Trends

There are things that have become a part of our daily lives. If you become a consultant for these industries, you will always be in demand. Mobile marketing is in high demand, helping businesses target their audiences and they need someone to tell them how it can be done. There is also social media consulting, which helps businesses increase their exposure and popularity online. The majority of people are now buying online or at least checking out products/services. Being seen for businesses is so incredibly important. If you can help with that, you’ll be in the money.

21. Translating Services

Round up a team of bilinguals and start a translating service. Google translate has been a god send for the digital nomad (to which there are many around the world now.) It just doesn’t do what a person can do though. Not quite yet anyway. It won’t cost much to start this business either. You can find freelancers and pay them for their services when you need them. Develop a good relationship with them so they don’t leave you for another company later. There is a high demand for this type of service thanks to globalization. Get in now.

22. Apps for Kids

Electronics are being introduced to children as an essential part of their growth at this point. Whether this is a good thing or not is up for debate. However, they are the future customer and you could create apps they want to be on that they don’t realize are good for their developing minds. At this point, a lot of children have some sort of access to a mobile device. It keeps them entertained when their parents have dragged them somewhere that is boring. Create something fun that they will play with an educational tone that their parents will be willing to download for them.

23. Testing Technology

Creating a service where you test out products in every aspect can become a lucrative business. Apps, websites, and e-commerce are something that most of us need in business. Sometimes, they don’t work and that is a huge problem. One of the reasons this might happen is because they haven’t been test adequately. Staring up a testing service to see if you can break a piece of technology is in high demand. There is still room for growth in this line of work. You can go pretty broad with your services or choose a niche.

24. Box Subscription Services

It’s been pretty big for a few years. Receiving a box every month with your favorite things. Wine, make up, food, pet stuff, and more. They are a monthly subscription so you’re getting that recurring income and it makes people so happy to receive their good every month. They tell their friends and you quickly get more clients through word of mouth if your service is good. If there is something you really like already, you might want to consider going that route. You want to offer it for as cheap as possible, while still giving the customers something they will love. The development of this business might take some time to get right but once you do, you’ll have instant customers and you’ll spend less marketing dollars than other ventures.

25. Instagram Consulting

Do you understand the way Instagram works? Have you been able to get a lot of followers with your know-how? People want you to do that for their companies. They need it. With 400 million users on Instagram, it’s a massive market for businesses to tap into. If you know how to create posts, use hashtags, and know how to use the apps that support Instagram growth, you’ll have a myriad of customers.

Here are some other mentionables that are sure to be high in demand

26 Bio-Fuel Production

27 Power Storage Business

28 Electric Car Production

29. Wind Energy Installation

30. Solar Water System

Do you see yourself doing any of the above in the future? If you start developing your knowledge now and creating a business plan, you may just get in at the right time. In business, getting in at the beginning can often be a leg up. Not all will survive at the beginning stages of any new industry but if you develop the business properly, market it to perfection, and are one of the pioneers, you’re most likely to be successful.

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Loraine Couturier
Staff writer: Loraine Couturier is a jet set writing chick from Canada that travels around the globe. Her writing and marketing skills are what keeps her eating exotic meals and jumping on planes. Loraine loves writing about pretty much anything and likes to pass on the knowledge she has to others. Visit her at lorainecouturier.com

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Staff writer: Loraine Couturier is a jet set writing chick from Canada that travels around the globe. Her writing and marketing skills are what keeps her eating exotic meals and jumping on planes. Loraine loves writing about pretty much anything and likes to pass on the knowledge she has to others. Visit her at lorainecouturier.com

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