Entrepreneurial ideas are not limited to boardrooms or coffee shop brainstorming sessions anymore, with social media platforms from TikTok to Twitter dissolving the need for those boardrooms while creating spaces for digital brainstorming.
Benzinga recently posed a question to our Twitter followers: If they were to start a business today, what industry would it be in and why? The answers spanned across industries, reflecting a mix of practicality, innovation, and, personal passion.
Everyone Needs Trash Bags: One follower took a pragmatic route, suggesting a trash bag company because “everyone needs them and as soon as you buy them, you throw them away.”
It indeed ties into a universal requirement, but one could also look into addressing the rising demand for sustainability, perhaps through recyclable or biodegradable trash bags.
Personal Touch In Financial Planning: Another follower chose financial planning, emphasizing the need for a personal touch.
As technology takes over most aspects of our lives, a business model that combines the convenience of tech with the warmth of human interaction can stand out, creating lasting relationships built on trust.
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Fintech Meets Gold: Further along the lines of finance, another follower would venture into the fintech industry, building an escrow service and creating a gold-backed stablecoin for that ecosystem.
A bold concept that merges traditional financial components such as gold and escrow with the notion of a stablecoin. However, the regulatory environment presents significant challenges.
AI Consultation For Small Businesses: Then came the idea of third-party independent money management and consulting for small businesses, with an emphasis on technology and AI app development.
Small businesses are often left fumbling in the race towards digitalization. A service like the above could fill a significant gap. Clear communication, patience, and a knack for simplifying complex concepts would be critical for success.
The Legal Industry: One follower opted for a specialized service within the legal industry — court reporting.
Such a business would require expertise and might serve a limited market, but it could thrive due to the indispensability of its services within that market.
Service Labor: Finally, there’s the suggestion for a service labor business, like landscaping or painting.
Despite tech driving the world, demand for labor services remains strong. A combination of skill, reliability, and strong community ties could turn this business into a local mainstay.
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Image and article originally from www.benzinga.com. Read the original article here.