Exciting Business Opportunities to Consider in 2020

The current year is coming to a close. Now is the time to start planning for 2020. There are many more opportunities than most people think to start a business. If you are an entrepreneur, you should take advantage of the great social and technological shifts that have occurred over the last couple of decades to establish a company and turn a profit.

Here are 5 business opportunities to consider in 2020:

1. Personal Finance

Helping individuals manage their money is a growing industry. As the credit crunch of a decade ago revealed, people can be overwhelmed by the range of credit and loan options presented to them. If you have expertise and experience in financial management and accounting, you can start a business that offers personalized services to ordinary people. What is needed in many instances is help with decision-making. You can help your clients analyze and assess offers made to them by lenders. You can also help them figure out ways to pay down their current debt.

You may be able to buy existing financial management services or accounting practices. Once you get going, you can expand into multinational markets by buying accounting practices for sale in Canada and similar institutions in Mexico and other countries. You'll then be able to provide keen insight and expertise to those with financial interests and holdings on a continental or even international scale.

2. 3D Printed Prosthetics

The ability to design and print products has advanced considerably. With the right computer, software, and printing devices, you can set up a business dedicated to the printing of affordable prosthetics for children and adults. The 3D version of these parts proves more cost-effective for lower-income people. Given the cost of traditionally made prosthetic body parts, you will find a ready and eager market for your 3D prosthetics business. Many of your clients are likely to be people who need replacement prosthetic limbs.

3. Physical Therapy

Physical therapists are in high demand. However, you do not have to be a qualified professional to get in on this booming industry. You should consider setting up a business in which physical therapists visit patients at their homes. The company would consist of you providing all the marketing, screening, booking, and client management services for physical therapists and charging a flat fee for your work.

Such a service will be especially popular with retirees and severely injured people who find it difficult to leave their homes.

4. Digital Counseling

The idea of connecting people with professionals also applies in the field of mental health. People are becoming more open to therapeutic solutions to their mental health issues. The problem is that it can be hard for individuals in rural and remote areas to get the care they need.

You can start a business that connects mentally ill or traumatized individuals with professional therapists. You can make such connections across the country by providing digital services that allow patients to find and receive counseling from the therapist of their choice no matter where they may live.

5. Shared Office Space Rental

If you own a number of properties, you should consider converting one or two of them into shared office spaces. Nowadays people keep most of what they need to work on their laptops or hand-held digital devices. More individuals than ever before start and run companies all on their own. Many entrepreneurs nevertheless feel the need to go to a specific place to work. You can rent small amounts of office space to them. You can offer short-term and long-term rentals and sell space to freelancers who want to share space for different amounts of time.