It’s a new year and, for some, that will mean finally selling the business that they’ve worked so hard to build. For others, it’s time to finally make the leap into being your own boss by buying a business.
Either way, it’s important to know what kind of trends can be expected this year. This way you can know if it’s the right time to sell or what is the right kind of business to buy.
Here’s a summary of what's due to
We’re ultimately living for longer and this means more elderly people are in need of care.
Care homes are a great investment, and this is something that is not likely to change anytime soon.
Over the next 50 years, people in the UK over 65 are expected to become a quarter of the population.
The demand for care homes is growing exponentially and, this means that buying a care home is a great investment with a bright future.
People living longer also means an increased risk of dementia and, therefore, more need for professional care.
Just ensure that entering into this industry doesn’t become purely about the bottom line. The care industry requires many licenses and professional, qualified services to make it a success.
Delivery and convenience businesses
Convenience has become something that we all want. Despite the difficulties that exist to get goods to your door,
This is why there is so much opportunity for businesses that are innovating in this sector.
Several larger logistics companies have already started coming up with creative strategies.
In areas of high density, Starship Technologies have been experimenting with small robotic units to deliver food. These self-driving containers can move along pavements and avoid busy roads.
In rural areas of England, Amazon
Hyperlocal delivery services are also starting to disrupt the market, and this is a trend that we will continue in 2019 and beyond.
If you are looking to sell a business, consider adding delivery to your available services in order to increase its value and make it more desirable to buyers.
With much advancement in technology, it might seem strange to have these types of businesses on the list.
The reality is that there is still a need for skilled trades like plumbing and welding - yet
Many skilled tradespeople are getting close to retirement and we will need people that will be able to replace them.
As we increasingly fear a future with the majority of industries being taken over by tech, skilled and creative trades are areas that cannot be touched.
Investing in a skilled trades business will put you in a position filled with huge growth potential as demand continues to increase.
Most of these jobs, although they require a lot of training, are not in danger of being automated.
Skilled professional businesses will still be in high demand for the foreseeable future.