Today’s marketplace continually changes based on market demands, customers’ taste and innovations. Quality Business Plan business consultants, business writers, and social media managers have compiled a list of top trending businesses in the US.
#5: Personal fitness training business plan.
Surprising, our business plan writers have had numerous inquiries related to starting personal fitness businesses. These businesses include yoga training, weight training, and Zumba type classes. IBIS claimed this business has revenues of 1.1 billion in the US alone. Keep in mind, as we all know, there are a multitude of personal fitness businesses at almost in every corner. However, the personal fitness businesses that we have seen entering the market are using creative twist to traditional gyms or fitness training. For example, a Zumba type personal fitness instructor came up with the idea of offering aerobic type classes in different parks in an area. By rotating the parks, instructor is able to gain additional clients due to proximity of the various parks. Further, each park identified had various types of covering for picnic tables and such. By exploiting this covering, the person can offer aerobic type sessions in most types of weather. On a final note, the instructor is able to keep overhead cost well because they are exploiting public access parks. This concept has allowed the instructor to grow their business exponentially over the last year. Now, the instructor is looking for funding to expand their business. (Customer gave permission to use their concept on the website).
#4 Coffee Vendor business plan:
Not surprisingly, coffee sales have grown continuously over the past couple decades. Further, a multitude of coffee houses have exploded due to the popularity of Starbucks and Dunkin’ Donuts. However, the industry seems to be taking a turn towards mobility. We have had a couple of inquiries related to starting coffee-based street vendors. In this concept, small business owners are purchasing food truck type vehicles to sell mainly coffee. The concept usually entails including premium brand coffee and a modest price. However, the true prophets come in by selling complementary products such as pastries and other snacks. From reviewing these business models, the profits have huge potential. Further, their competitive advantage is their mobility as compared to traditional brick-and-mortar companies such as Starbucks and Dunkin’ Donuts.
#3 Website Design business plan:
Website design is still an oldie but goodie for starting a business, based on feedback from our business consultants. In our experience, website designers are usually students that you have just graduated from high school or college and have an entrepreneurial drive. Most website design companies that we have done business plans for usually use WordPress for their sites. However, the popularity of Weebly has been expanded recently. Regardless of how the websites are constructed, people entering this business have a wide range of expertise in coding. For example, one of our business plan writers had a discussion with business owner who had barely 6 months of web design experience and their business was expanding to the point that they are in their search for funding for growth. This shows that if somebody has a little bit of extra time to learn the craft, website design may be quite profitable.
#2 Food Truck and Commissary business plan:
Food truck businesses and commissaries go hand-in-hand. In most localities, food truck items must be prepared in commercial kitchens. From this, the demand for food truck commissaries has exploded. The benefit of owning a food truck is of course the mobility of the location. For the most part, food truck business owners workout agreements with brick-and-mortar corporations to park their vehicles at certain times to offer their products and services. Further, food truck owners have banded together to start food truck trains. In these trains, the food trucks show up at various locations on a weekly basis. The benefit for this is that the large number of trucks attracts a multitude of visitors. However, this is challenging because of the numerous competitors in such a centralized area. Regardless, food trucks and commissaries are one of our most popular business plan requests.
#1 Health Care business plan:
Finally, the number one business plan requested has been for the healthcare industry. As many may already know, healthcare professionals and insurers seem to be making the evening news on a daily basis due to the debate regarding Obama care. However, drive down any interstate highway and inevitably a person is going to run across a brand-new hospital. This is because the healthcare industry is hugely profitable. The healthcare industry includes large corporations that own hospitals and also a multitude of small businesses such as physician offices, dialysis, orthopedic, and other health minded businesses. A large subcomponents that inquiries about business plans would be physician offices. Physicians are incredibly knowledgeable regarding taking care of patients. However, most physicians find running a business incredibly challenging. From this, business plan services are often needed especially for SBA loans.
Honorable mention business plan:
For an honorable mention, I personally just recently had a request for business plan related to distributing marijuana. Of course, this business establishment was in Colorado, which is legalized marijuana for recreational purposes. As a growing trend, I foresee numerous requests for marijuana distribution business plans. Look forward to writing my first one!
Author: Paul Borosky, MBA. ABD.
Owner of Tutor4finance.com, TutorWithPaul.com, and QualityBusinessPlan.com