When you think of small businesses, you probably imagine a local barber or café. However, the term “small business” has a much broader scope than you might think. Small businesses can take on many forms and operate in almost any industry. In fact, over 27 million small businesses are operating in the U.S. today – with new ones being formed every day.

The past three years, from 2019 to 2021, have been the most difficult for many businesses. They underwent extraordinary hardships that forced many of them to close, mostly due to the COVID-19 pandemic. In the United States, the challenges were exacerbated by other aspects such as labour shortages, a divisive election and other disasters that the country has faced since 2018. As 2023 approaches, new small business trends are expected. Therefore from now on, businesses require businesses need to prepare for new challenges. Moving forward, small businesses should watch these trends to remain competitive in a tough market.

A good business idea is hard to come by, but with proper brainstorming, planning and preparation, you can easily develop a small business idea that will not only supplement your income but also become your full-time job and make you a boss of your own. Although you may already have an idea you would like to pursue, you can also benefit from some direction or ideas that can change your course. Here are some small business ideas you might want to consider as you begin your entrepreneurial journey.