Innovative Small Business Ideas

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Innovative Small Business Ideas

By Warren Ferster

Virtual Reality Accessories If you aren’t tech-savvy, you can go the route of designing and creating customizable accessories for VR such as headsets. And if programming is your thing, you could get in on the action by designing new virtual reality experiences and games.

Fitness Technology The market on fitness technology is wide open. New technologies and fitness strategies can be combined in novel ways to create the next big thing. Design the latest wearable fitness technology, combine specific training strategies with virtual reality recaps to improve performance, or create an app tells analyzes your workout. Even a minor change to existing tech or redesign to meet the needs of a specific group of people can become a marketable business idea.

Specific Dietary Alternatives There's a big market for gluten-free, vegan, dairy-free foods. Often people with specific food allergies feel left out when they can't have what everyone else is having. Catering to those particular individuals can be a great business idea. Along with food allergies, vegan diets have become popular. Your business can capitalize on developing appetizing alternatives that can still be used in cooking.

Subscription Boxes You can create subscription boxes for just about any niche or hobby out there. Find a niche to call your own and capitalize on it. With a subscription box business, you curate items that relate to your intended niche, people subscribe to receive the boxes, and you mail a box out to them each month. For customers, they’re a fun little surprise to receive in the mail. Subscribers often videotape themselves “unboxing” the items and share the video with friends – free advertising. Plus this business venture could be a simple parttime gig, or it could become a full-time job depending on your preference.

Ethical Business Consulting The millennial generation is concerned with ethical business practices, whether it's regarding ethical product sourcing, environmental awareness, or social responsibility. There are plenty of new entrepreneurs and evolving businesses that could use a consultant to help them. This business idea allows you to focus on your own particular area of interest. You could work in the field of fair hiring practices, ensuring fair trade and ethical product acquisition, or making the world a “greener� place.

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