With so many opportunities out there, it is always hard to settle on the best idea to invest in as an entrepreneur. It can be challenging to figure out where to put your money and an investment worth pursuing. Although jumping on a new trend can be risky in many instances, it can also be rewarding if you focus on what you love. The best business ideas are those born at the intersection of strategic thinking, passion and right timing. Your next small business opportunity could be one of these five ideas:

The coronavirus pandemic has wreaked havoc on almost every industry and business, both small and large. While large enterprises have been affected, small ones have suffered the most from the pandemic. All over the world, many small and medium-sized companies were forced to stop their operations, with most of them having to realign to stand a chance of surviving the harsh times. Despite the loans and other packages that the government and other institutions have released, a Wells Fargo survey indicates that small business owners continue to face many financial challenges due to the global pandemic.

 The COVID-19 has wreaked havoc on many businesses globally, both small and large. The majority of small businesses have been left struggling to stay operational, while many others have shut down altogether. The impact of the coronavirus pandemic has led to high health costs, reduced consumer spending, and disruption of the supply chain, all of which have affected businesses adversely. Although the short-term outlook for businesses varies significantly from one industry to another, it is crucial to consider the recovery mode and what your business will look like once things return to normal. Here are things that small businesses need to recover and thrive in 2021.