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Starting a business during a pandemic

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It might feel like the absolute wrong time to be starting a business right now. We’re in the middle of a global pandemic, Coronavirus lockdown, having to work from home, and the world is changing all around us. However, the fact that this virus is changing the way we live and work, it has also created new opportunities for businesses.

As well as this, many people have found themselves with extra time on their hands and the time to think about what they really want from life while others are out of work and looking for something they can do and new ways to make money, so what do you need to do if you want to start a business during the COVID-19 outbreak?

Basically, it’s no different from starting a business at any other time. You will still need to create a business plan, work out your start-up costs (which could be very minimal if you are going to work from home), and how you will finance the business. You may need to allow a bit more time to set thing up, for example as less people are in offices, it could take longer to process certain licenses or your LEI application, but as time is something many of us have right now, it’s not such a huge deal.Remember that as lots of people still need to stay at home, and social distancing measures may be in place for some time, so you need to think about how this will affect the business and work around that.

Start a delivery business

As so many people are stuck at home, they are bored and having to forgo many of their normal luxuries; they are looking for new ways to treat themselves. That might be more takeaways than usual, and as many restaurants who wouldn’t normally offer this service are now doing just that, there is a huge opportunity for food delivery. Pubs and restaurants who don’t offer your traditional takeaway food are making a killing during this pandemic as people treat themselves to gourmet meals to make up for the fact they can’t go out. So, with that in mind, you could start a takeaway food business, and there are opportunities to be had such as healthy food to help people lose their COVID weight, you could start a milk round, delivery groceries, or anything really – it doesn’t have to be food. You could even start a courier service

Increased demand for certain businesses

Sadly there has been an increased need for certain services and businesses such as funeral directors and florists, which are both ideas for businesses. Also, as many businesses try to return to normal, they want to make sure their premises are safe so you could start a specialist, deep-cleaning business as it’s certainly going to be needed.

Starting a hobby-based business

For many people who have been furloughed or made redundant, it has been a perfect time to concentrate on their hobbies, but why not turn that hobby into a business? If you enjoy sewing, for example, you could start making face masks and scrubs and selling them online on platforms like eBay or Amazon, Etsy, or Not On The Highstreet.

Health and fitness businesses

The pandemic has seen many people take up exercise for the first time in years as it gives them something to do and a reason to get out. While gyms and sports stadiums are still on lockdown, other sports that are suitable for social distancing are becoming more popular. More people are getting out on their bikes, so perhaps you could start selling bicycles or start a personal training business.

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