New Year, new career? Many people lost their jobs during the pandemic or decided to take a new career journey by setting up a new business. We take a look at the start-up trends for 2022.
Whether it is a full-time endeavour or a part-time side hustle, people are looking for ways to make extra income to cope with the current living cost crisis.
As we move forward from the COVID-19 pandemic, it is in the government’s interest to improve our economy and offer help to business owners.
Insurance broker, Simply Business has delved into data and has revealed the latest trends for business start-ups and the self-employed.
With 68% of small businesses confident for the year ahead, are you ready to leap into self-employment and set up a new business?
Craft stall
Did you know that the fastest-growing small business trade in 2021 was craft stalls, with a 237 per cent growth compared to 2020?
So take your lockdown hobby of making candles, ceramics or clothing and turn your talents to selling your wares. The demand for craft businesses continues to rise and could be a venture worth pursuing.
Market trader
Do you enjoy working outside and chatting with customers? With changing COVID restrictions, outdoor businesses are thriving.
Market trading was the second-fastest-growing small business idea in 2021, with a 113 per cent increase.
Online retailer
Although UK high streets are struggling, online retailers are booming. In 2021, the number of new online retailers grew by 62%.
With platforms like Etsy and eBay, it is now easy for retailers to start selling.
Photographer
Freelance photography increased in the UK by 56% in 2021.
Do you love a wedding and taking pictures? With the number of weddings increasing significantly this year because of years of postponements, now could be the ideal time to launch your freelance wedding photography business!
Handyman or handywoman
Are you fed up with the sight of the same four walls? Over the past two years, we have all spent too much time indoors because of the pandemic. Unsurprisingly, many have found issues with the current state of their homes and have looked to make improvements or upgrades. The result has seen an increase in demand for repair people, with a 44% rise in businesses in 2021.
Catering
Have a passion for cooking, throwing parties or events?
With catering businesses growing by 39% in 2021, you find starting a catering company the perfect option for this year.
Teaching/tutor
The education sector was hit hard during the pandemic. If you have teaching experience, a tutoring business could be for you. Research by Simply Business shows that a 21% growth was seen last year in this sector.
Home baking
Are you a fan of GBBO (Great British Bake Off)?
Have you perfected your banana bread? Do you know your filo from your shortcrust? Your cooking and baking skills could prove you additional income.
The number of UK home baking businesses saw an increase of 24 per cent between 2020 and 2021.
Dog walking
Millions of Brits have bought pets since the start of the pandemic.
The demand for pet walkers is now higher than ever. New dog walking businesses have increased by 22 per cent year on year. Could you turn your love for dogs into a profitable business?
Whatever your business sector, Wilder Coe can help you start up and grow. Whether you need help with choosing your company structure, require accounting support or want tax advice, give us a call on 020 7724 6060.
