With the number of new small businesses rising annually, discovering small business ideas for men in a non-competitive industry is like finding a diamond in the rough. What makes an industry appealing, however, depends on what you’re looking for.
For example, if you’re looking for a business idea for men in an industry that sees enormous growth each year, you may be interested in starting a business in either healthcare or technology. If you’re looking to start a local business in your community, specifically small business ideas for me, you may be more interested in a barbershop or restaurant focused on sports. If you’re looking for a home-based business idea for men, finding an online business niche could be just what you’re looking for.
Finding an unsaturated industry is nice, but if it isn’t something you enjoy or excel at, it may not be the right industry for you. To help find the right opportunity for you, we’ve put together a list of small business ideas for men and broken down what makes them appealing. With the information in this blog, let’s align your skillset with a growing industry.
An Industry That Won’t Stop Growing: Healthcare
As life expectancy climbs and the 75 million U.S. citizens born between 1946 and 1964 reach their early 70’s, the healthcare industry continues to grow. Healthcare occupations are expected to be some of the fastest growing jobs in the country over the next 10 years according to the Bureau of Labor Statistics.
Healthcare occupations make up nearly half of the 20 fastest growing occupations in the United States. Private practices like Physical Therapy Clinics are becoming more popular and are projected to see a 28% increase by 2026. If you’re looking to own a healthcare business, a physical therapy clinic is an enticing opportunity.
Business Opportunity: Physical Therapy Clinic
|Growing industry and occupation||May require a college degree or certification|
|Won’t require a large staff to function||Expensive equipment and other machinery|
|Helps determined clients overcome their physical ailments|
An Industry You Won’t Have to Leave Home For: Online Business
Home business opportunities for men are plentiful but online retail is a market with plenty of untapped potential. Cyber Monday 2018 set an all-time record as consumers spent $7.9 billion shopping online. That was nearly a 20% increase from Cyber Monday 2017’s record-breaking $6.59 billion.
One small business idea for men that can be operated as a home-based business is making or collecting different items and creating an online business by selling them. For example, sports memorabilia is a popular industry that will allow men to do something they are passionate about while still working from home.
Depending on what you plan to sell, the cost of starting and operating an online business is relatively cheap, but don’t forget, you will be competing for clicks. You won’t need a storefront, but there are some upfront costs when starting a digital business. Your number one priority will be your online shop or website. To properly communicate your vision to your audience, you may have to hire a web designer.
Business Opportunity: Selling Original Products Online
|Working from home||No foot traffic|
|Lower start-up costs||Competing for clicks in a crowded space|
|Opportunity to reach a wide audience||Making your own products can be expensive|
An Industry With Unlimited Potential: Technology
The technology industry is a fascinating field for a variety of reasons:
- Job security
- Optimizes daily activities
- Expanding role in society
- Home business opportunities
Companies are constantly looking for new ways to use technology, including how to protect the information it collects. With much of our personal and business information being collected digitally, protecting it has become its own industry.
Cybersecurity has garnered greater attention over the past two years following massive data breaches to Facebook and Equifax. As protecting digital assets becomes a top priority for business owners, there will be a need for more cybersecurity businesses. The responsibilities of a cybersecurity business include application security, information security, network security, disaster recovery, business continuity planning, operational security, end-user education and more.
Business Opportunity: Cybersecurity
|A growing priority for business owners||Requires a specific skill set|
|The industry has room for growth and business expansion||Workplace digitalization has not been accepted by everyone|
|Important for the privacy of our personal and business information|
An Industry Driven by Loyal Customers: Personal Care
Nearly every business’s success relies on their capability to turn a first-time customer into a regular. Those in the personal care industry rely on this ability even more so. Personal care businesses like barbershops, nail salons and tattoo parlors build strong relationships with their clientele by providing both outstanding service and an environment that their customers enjoy.
The relationship between men and their barbers is a direct example of how personal care businesses attract customers. Creating a bond with clients not only turns them into loyal customers but will encourage them to share their experience with friends and family. Having your customers refer you to others without having to ask is a sign of great business.
If you’re looking for a one-man business idea, a home barbershop is something many men have found success with. All you’ll need is the appropriate equipment, a chair and a list of clients looking for a more personal barber experience.
Business opportunity: Barbershop
|Won’t lose business to e-commerce||Competitive market|
|Serves as a venue for human interaction||Requires training and licensing|
|Local shops are preferred over chains and franchises||Finding a good location can be difficult|
An Industry In High-Demand: Restaurant and Food Preparation
The restaurant industry has been a staple in our country for more than a century. While it was once a treat to go out to eat, most restaurants now deliver right to your doorstep. With both parents working long weeks in over 60 percent of U.S. families, quickly delivered meals are a staple in many diets. However, most of these restaurants aren’t stacking their menus with healthy foods.
Businesses like Blue Apron and Plated have broken into the market with their own solution to this issue. But a local restaurant delivering healthy, organic foods could be a more accessible and desirable option for this audience. It may not be the most groundbreaking business idea for men on the list, but there are not enough businesses excelling in this field. If you’re passionate about helping customers find healthier meal options for their families, this is the industry for you.
Another opportunity this industry presents is starting a meal preparation business. If you’re someone who cooks their week’s worth of food in advance, why not offer this service to others as well? Meal prep makes for a great one-man business idea that you can excel in right from your own home.
Business Opportunity: Healthy Food for Dine-In and Delivery
|Can thrive in any setting||Equipment costs (ovens, grills and refrigerators)|
|Growing market for healthy alternatives||Higher quality ingredients equal high food costs|
|Opportunity to serve customers at three different meal times|
An Industry Dying for Innovation: Auto Repair
Auto repair businesses are as valuable now as they’ve ever been. While cars now last much longer than they once did, there’s also been a severe dip in do-it-yourself maintenance. NBC News reported that only 60% of people know how to change a flat tire without using Google.
Car owners are looking to maintain their vehicles rather than buy new ones and while auto mechanics are in high-demand, few, if any, have chosen to challenge their brick and mortar origins. One business idea for men that could involve developing a smartphone application where customers can self-diagnose their car and request a mechanic is an idea more repair shops should be getting behind.
Business Opportunity: Auto Repair Business
|Appeals to a large audience||Manual labor|
|Proven to be a reliable business and industry||Expensive equipment|
|Innovation could go a long way in making your business stand out||Traveling with heavy machinery|
Finding the Right Industry for Your Business
Each of these industries comes with their own unique challenges and rewards. For soon-to-be business owners or expanding entrepreneurs, these business ideas for men provide a well of potential but they aren’t a fit for everyone.
If you’re having trouble picking a business that makes sense for you ask yourself these three questions:
- What am I good at?
- What am I comfortable with?
- What am I passionate about?
Whether you’re looking to start a one-man business or one that allows you to work from home, starting a company in one of these industries isn’t the only way to be successful. Let your answer to these questions guide you in the right direction and don’t be afraid to join a competitive field if it’s something you’re truly passionate about.