Published On: Wed, Jul 31st, 2019

Looking Forward: Future Business ideas for 2020 and Beyond

By Contributing Author

What are some of the most promising future business ideas 2020?

To be honest, the future is full of potential. There are so many new trends and ideas, it would be overwhelming to list them all here. So we’ll take a look at some of the front runners.

Future Business Ideas 2020 You Can Embrace

Many businesses of the future will look quite different from those we know now. But some will stay decidedly the same. Check these out:

  1. 3D Printing Shop

As 3D printing technology advances, the possibilities seem endless as to what people will be able to create.

At this stage of the game, they’re expected to produce everything from architect models to camera parts to sinks. Eventually, plans will be available on the internet for 3D-printed objects. You would simply order the plan online, then use it to manufacture the wanted product on your own 3D printer.

The biggest stepping stone though is the sheer cost of a 3D printer. They are very expensive. That means not everyone will have one. That’s what makes a 3D printing shop a viable business for the future. If you have the capital to get one, simply start there.

  1. Vertical Farming Technology

What’s the best way to maximize the amount of food you can grow in a small area? Vertical farming, of course. Much like buildings have gone upward to accommodate an increasing human population, so too is farming.

Instead of growing crops over large expanses of land, plants are stacked on top of one another. And cities are already investing heavily in this one. But rather than becoming a farmer yourself, your best bet is to invest in vertical farming technology. As the number of these farms increases, they will need your services.

  1. Cannabis Business

With more and more states legalizing marijuana – first medical, then recreational – there’s no doubt that starting a business in the marijuana industry has the potential for serious growth.

And then there’s CBD, which is already legal on the federal level.

So if you don’t live in a state where marijuana is yet legal, you may want to consider opening a store that sells CBD products. If you don’t want the hassles of a brick and mortar location, then opt instead for the internet.

  1. Car Charging Stations

Even though electric car technology is alive and well, there’s still a lack of charging stations. Meanwhile, consider all of the gas stations you see in a day. In the future, those gas stations could well be replaced by charging stations. Especially as technology progresses and time it takes to charge an electric battery decreases. Whatever the case, you could start the ball rolling now by opening a single charging station. Then keep a watchful eye on expanding over time.

  1. Marriage Counseling

While a lot of the business ideas for 2020 are tech-driven, this one is decidedly not. With all of the stress, noise, and distractions our modern-day lives throw at us, it’s no wonder that the divorce rate is increasing. That means there’s expected to be a continually increasing need for marriage counselors. Of course, you’ll need to get the proper education. But there’s a good chance you won’t have to deal with much technology – if any.

Step into the Future

Beyond the list above, there’s a wide range of future business ideas 2020. So if you have an entrepreneurial eye, it’s time to get something started!

And for more interesting stories and tips, keep checking back with our business section.

 

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