Originally written by Timothy Adler on Small Business
As the country emerges out of lockdown, and the Coronavirus Job Retention Scheme dries up, many experts are afraid that hundreds of thousands of workers may find themselves made redundant post furlough. The Bank of England expects unemployment to jump from 4 per cent to 9 per cent between April and June 2020, the highest rate since 1994. And that is before the government’s emergency furlough scheme is switched off at the end of October, when even more workers may find themselves unemployed.
Given that so many are braced for redundancy, surely it makes sense to start thinking about your new life now.
And for many, that means pivoting to working for themselves for the first time and starting a new business.
However, the world has changed since it went into lockdown, accelerating many of the trends which were predicted to happen over the next five years: increased working from home, air travel once again becoming a luxury due to environmental concerns, shopping local, streaming overtaking cinema, boosting the green economy, etc.
And many of these trends are not going away.
5 best small business ideas post coronavirus
So, here are five of the best low-cost ideas to start