The expansion of the U.S. economy over the past few years continues unabated well into 2024, and statistics show that small businesses play a disproportionate role in that expansion. In the United States, on average, greater than 425,000 recent business applications are launched per thirty days, which suggests the pace in 2024 will probably be 50% higher than before the Covid-19 pandemic.
This growth varies. More than 4 in 10 self-employed Americans are women. The country has also seen an increase in self-employed Black, Asian and Latino Americans.
While the pandemic has caused many businesses to fail and others to halt planning, it has also motivated entrepreneurs to make the most of the opportunity to begin their very own business. This has motivated corporations to think smarter.
From automating mundane processes to meeting changing customer demands, startups rely on agility and creativity to get them done. The fruits of this work are finally visible as we witness revolutionary business ideas changing the startup world as we know it.
In this text, we share five post-pandemic business ideas that may impact the startup landscape in the future.
1. Tips, tricks and reviews
While sharing informative content may be an effective a part of any brand strategy, some entrepreneurs have designed their entire company around it.
From creating comparison review sites to offering comprehensive guides and consumer reviews, providing informative content is becoming a business in itself.
For example, Sleep advisorIndependently published and reader-supported, the magazine offers advice on products and sleep. By partnering with the company’s affiliate programs, Sleep Advisor’s unbiased reviews and helpful content have made the company a trusted source of product reviews and information for readers.
This industry sector shows promise as consumers increasingly turn to testimonials, suggestions and reviews to make informed purchases.
2. Improved banking options for kids and teens
FinTech start-ups proceed to grow at an unprecedented pace, and their concentration is happening in… blockchain technology and leading trading applications. But perhaps something we never saw was a gap in the market for banking features for kids and teens.
While families used to get by with standard kid’s savings accounts or traditional piggy banks, they are now looking for different financial tools for their children and teenagers.
WITH donation of shares as Christmas gifts to the offering debit cards for children and teens, FinTech startups are expanding their services for families to maintain up with demand.
Other creative features that fintech startups offer to minors include:
- Virtual banks for children.
- Budget and financial health classes for children and teenagers.
- Weekly or monthly allowance managed directly in kids’ banking apps.
- Virtual badges and rewards for meeting your savings goals.
- Options to transfer money between students, friends and relations.
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3. Growing flourishing of the delivery industry
Enhanced delivery services reminiscent of on-demand delivery and online shopping delivery will proceed to achieve importance in the startup world.
While ordering burgers and pizzas was once reserved for Friday nights, consumers living in a pandemic world are now opting for regular delivery. With this in mind, it’s no wonder that food delivery services are in high demand $154.34 billion until 2023.
Other delivery startup services that stand out include:
- B2B last mile delivery services and route planning
Solving long last mile deliveries, these startups offer features like electronic proof of delivery and optimized route planning for delivery corporations.
- Grocery shopping and meal planning services
Changing the way consumers manage meal planning, these startups offer features to administer online grocery shopping, grocery delivery and weekly meal planning.
- Inventory control and automatic shipping
Streamlining the restaurant industry, these startups offer food delivery management software that automates inventory and order management.
4. Event and travel planning is changing its shape
Canceled weddings, events and vacations in 2020 have created recent ways to administer special events and travel.
From managing virtual guest lists to automating invitation responses, event planning startups offer creative ways to plan in-person and virtual events.
Wednesday is no exception with its full suite of online wedding planning features. Both brides and families can use the app to fulfill with the dedicated team of vendors, design vision plans, and manage guest lists.
AND Sherpatravel information software startup helps B2B brands provide customers with real-time travel identification requirements.
Other event trigger features to look out for include:
- Internal virtual events for workplaces and virtual teams.
- Virtual tours and travel in virtual reality.
- Ticketing and event management solutions.
- Virtual Event Marketing Solutions.
- Complete travel management and online booking services.
- VIP travel features reminiscent of virtual check-in and virtual onboard meal orders.
5. Creative edtech solutions
As edtech functions proceed to affect each the education and business worlds, recent edtech startups will proceed to enter the market. They are expected to succeed in levels of investment in, for example, augmented and virtual reality $12.6 billion until 2025.
Edtech features include all the things from learning management systems to virtual whiteboards, in-app communications, and more.
As each the education and business sectors proceed to rework to hybrid work environments, edtech startups will proceed to supply hybrid work solutions.
TenDocu is no exception to the latter 50 million dollars in Series B financing, which is able to help speed up its global reach. Open educational resources (OER) like StuDocu aim to remove information silos by bridging the gap between students and learning resources. With StuDocu, students can share class materials, syllabuses, and exam preparation tools.
Other revolutionary edtech business ideas changing the startup landscape include:
- E-learning solutions reminiscent of online degrees, online courses and learning platforms reminiscent of Udemy AND Master class.
- Chatbot solutions answer student questions and help generate leads for online courses.
- Video-based learning solutions reminiscent of educational videos and video lectures.
- Artificial intelligence for enterprise marketing solutions, content writing, essay writing and improving student assessments.
- Robotics and gamification features for learning programming and game design.
Wrap up
While the pandemic has rocked the world from all sides, it has also motivated recent businesses to think smarter.
The five business ideas we shared today will proceed to make a huge impact on the startup industry. While many startups suffered losses 2020we hope that startups will enter recent territories in the future.