Do you want to go from idea to business launch in less than 6 months? If you answered YES to any of the questions above, then you are welcome to BusinessBirmingham.com; the ultimate resource for entrepreneurs looking to bring their idea into fruition.
Business ideas come under various categories. When looking for that perfect business idea to start in UK, these categories would enable you come up with one in the shortest possible time. There are many ways to categorize different businesses ideas. You can categorize based on your passion, skills, location and even profession.
You can also categorize them based on the training you have, the tine on your hands, capital available at the moment or based on what is common around you. If you are struggling to come up with the perfect business idea for you, feel free to go through some of these categories as you search for your light bulb moment.
Business ideas Based on Industry
1. Aerospace / Aviation Industry
The UK aerospace industry is one of the highest technology industries. The aviation industry deals with manufacturing aircraft which take flights within and beyond the earth’s atmospheric area. There are about 50 countries which own one or more than one aerospace company.
2. Agriculture Industry
The agricultural industry in UK is no doubt amongst the leading industry in most countries of the world; it is the industry that produces food for the populace and also helps in the generation of income.
Because of the significant role the agriculture sector plays, the government of UK ensure that they go all the way to subsidize seedlings, fertilizers, and farming implements and machinery for farmers and also encourage entrepreneurs to go into farming.
i. Crop Cultivation | ii. Livestock Farming | iii. Agro-Allied
3. Arts & Crafts Industry
Well, truth is that the arts and crafts industry sure is a promising one and there is no hard and fast rule about knowing the type of arts and crafts business that can cause your profit to rise.
4. Automotive Industry
Since the invention of automobile, a whole lot of business opportunities have since been created around the automobile industry. And the truth is that, the industry is still opening up with a whole lot of invention.
The UK automotive industry is indeed a very large industry; it covers the automobile, locomotive and the aviation industries. Those who have found a business in this trade know that this industry is a lucrative one by all standards.
5. B2B Service Industry
B2B stands for business to business involves the activities of serving other UK businesses rather final consumers. Starting a B2B business has its own advantages such large transactions occur between businesses and it is much easier to understand the need of business buyers compared to consumer buyers.
6. Beauty Care Industry
It is important to note that there are several niches to the beauty care trade in UK. This means that there are sub categories to the business. There is the product creation line- which happens to be the manufacturing arm of the beauty care trade, and there is the retail and business services arm in UK.
7. Chemical Industry
Chemicals both organic and inorganic are major raw materials in many manufacturing companies; there are loads of products and manufacturing plants in UK that depend on different type of chemicals ranging from gas supply, to oil and soda et al. No doubt the chemical industry is a key player in the growth of the economies of most countries of the world.
8. Construction & Engineering Industry
The construction sector in UK is indulged in designing, building, constructing and maintaining the infrastructure. The UK construction industry can be sub-divided into three categories such as heavy construction, general construction, and specialized construction. Heavy construction includes the construction of bridges and roads etc.
9. Education Industry
Education industry or education system is a group of school, colleges, universities, institutes to provide learning, knowledge, skills, and a degree in various fields. According to a recent survey, 18.2 million students are getting an education in UK and out of 18.2 million 16.8 million are getting an education from “Non- Profitable” institutes.
10. Entertainment Industry
The entertainment industry in UK is a huge business industry. It includes innumerable sub-sectors of entertainment. This industry runs on both entertainer and viewers. Entertainment has been an integral part of human society since ages, but recently it has become commercialized. These types of business industries such as entertainment and hospitality industries make a great part of the Gross Domestic Product (GDP) of UK.
i. Movie | ii. Music
11. Fashion Industry
The fashion industry is indeed a thriving industry in UK and clothing line happens to be the most prominent in the industry. The fashion industry is indeed a very competitive industry, every clothing line and shoe designers must ensure that they are always on their toe and in touch with the trend if indeed they want to continue to be in business.
12. Financial Service Industry
The UK financial services industry is one of the industries that is open majorly those who are trained to and schooled in the handling of finances. As a matter of fact, in most cases you do not only need a degree to work as finance professional, but you would also need a professional certification from the finance related courses; such as accounting and auditing et al.
13. Fitness & Wellness Industry
We all have one body to maintain for a lifetime and most people understand this and that is why they would spare no costs to take care of their bodies and maintain a perfect health. It is for this reason that the fitness and wellness industry has become a £3.4 trillion industry and one of the largest markets in UK.
14. Food Industry
In the United Kingdom and in most countries of the world, anyone who intends starting a business in the food industry – especially running a canteen will be required to apply and obtain food handling certificate.
This is so because the food industry is considered to be amongst the delicate industry; they are involved in cooking food for consumption for large numbers consumers per time which is why the business is subjected to regular inspection by relevant health officials from your local health department.
i. Seafood | ii. Frozen Food | iii. Street Food
iv. Food Processing
15. Green & Eco-friendly Industry
These types of business industries are important because of their wide applications in various sectors. Energy industry can be sub-divided into two categories renewable energy industry and non- renewable business industry.
16. Healthcare & Medical Industry
Health care industry in UK provides remedial, diagnostic, curative, preventive, rehabilitative, therapeutic services to patients and to people in their old age. The main goal of this industry is to revive and maintain the health of peoples.
17. Hospitality Industry
The UK hospitality industry is vast types of business industries. It provides uncountable services to customers, so this industry is highly customer- oriented industry. There are three main broad categories of this type of industry in UK such as accommodations, food and beverage, and travel and tourism.
18. Import & Export Industry
According to the UK Chamber of Commerce, importations account for an annual $1.2 trillion in goods. Exporting is equally as big in its own right as British companies exported £772 billion worth of goods to over 150 overseas countries.
19. Internet Based Industry
It is important to mention that in recent time, the internet has made it possible for people to successfully launch businesses with little or no stress and as an unemployed person without money, you can leverage on the potential of the internet to launch your business. There are several internet based businesses someone without capital can successfully launch and build to profitability in no distance time.
Manufacturing is the process of converting raw material and components into the final product to sell in the marketplace for public consumption. In UK, approximately 12 million people are employed in the manufacturing industry.
21. Marketing & Advertising Industry
No business in this world can do without advertising and marketing, because these are the medium through which businesses draw customers than can turn into sales and profit for the business. This is why the advertising and marketing industry is a very big and very indispensable market.
22. Media Industry
News Media industry is an important industry in UK. The target of this industry is to provide news to the people. It makes people aware of the happenings in the world. There are various media platform for example newspaper, Television, Radio, online blogs, websites, podcasts.
23. Mining & Precious Metals Industry
The UK mining industry is dedicated to locating and extracting metals from the surface of the earth all around the world. These metals are used for commercial purposes and jewelry making. This industry also deals with production and trading of metals also.
i. Metal Related | ii. Gold |
24. Non Profit Industry
A non-profit organization differs from a for-profit business in a number of ways. For example, an NGO usually has no owner, but an individual or a group can own a for-profit business. Also, an NGO is funded by contributions, not by investments as is the case with for-profit businesses.
25. Oil & Gas Industry
The amount of money required in investing in the oil and gas industry is not the kind of money that can easily be raised. It requires loads of money to become a major player in the UK oil and gas industry that is why as an accredited investor, you should consider investing in this industry if you don’t have an investment portfolio in this industry.
26. Pet Industry
Brits lavish approximately £47.7 billion on pet products and services in 2010, an increase of 4.8% over 2009. Ever since 1988, pet ownership has lengthened from 56% of households to 62%. This amounts to about 71.4 million homes.
27. Real Estate Industry
The real estate industry in UK is one of the many industries that is a major contributor to the growth of the economy. Statistics projects 11.1 percent job growth for real estate sales agents between 2012 and 2022, which is about as fast as average. During that time, an additional 38,000 jobs will open up.
28. Retail Industry
There are different value chains in the world of business – especially as it relates to products; it trickles down from those who deal in raw materials, to those who are into manufacturing of products, to those who are into wholesale distribution of goods, as well as to those who are into retailing of goods.
29. Security Industry
The income of the private security services industry in UK was set to reach an estimate of about 25 billion Pounds in the UK in 2014. Security alarm services alone in the UK generated whooping sum of 17 billion Pounds per year between 2008 and 2014.
30. Service (B2C) Industry
In a nutshell, the overall goal of non – profits organizations is not to be successful in terms of wealth creation, but to be a success when it comes to giving value to the groups of people they direct their services at or to the cause they choose to pursue.
i. Home Improvement
31. Sports Industry
If you are an entrepreneur or an aspiring entrepreneur in the UK and you have passion for sports, you can actually become a millionaire by starting a sport related business.
32. Technology Industry
The technology industry in UK is so wide and vibrant and there is still room large enough for those who are interested in the industry to come in and create their own impact.
i. Data Mining & Analytics | ii. Biotech | iii. Nano Tech
33. Telecommunication industry
UK Telecommunication industry consists of companies which makes communication possible worldwide through mobile phones, internet, cable or wirelessly. It allows people to communicate using words, audio or video from any part of the world to any part of the world.
Smartphones can send information thousands of miles away within seconds. This industry includes various sub-sectors such as communication equipment, wireless communication, ad-hoc network, mobile ad-hoc network, domestic telecommunication services, foreign telecommunication services, processing products, and systems.
34. Transportation Industry
The transport industry is one of the largest types of business industries in UK. This industry deals with the movement of humans, things and animals by various modes of transportation. The main modes of transportation are air, land (Road and Rail) and water. The transportation industry makes the largest part of UK’s economy. Transportation industry makes approximately 17% of UK’s GDP.
35. Travel & Tourism Industry
36. Wholesale and Distribution Industry
Wholesale distribution industry serves as a critical link in the global supply chain and is tasked with distributing the majority of products between business partners around the world. Wholesale distributors are known to have very concrete relationships with both upstream and downstream of the supply chain. Wholesale distributors tend to offer a catalog made up of diverse product lines along with customer service.
Seasonal Business ideas
A lot of businesses follow the weather. They go alongside with what the weather is saying. We have different seasons to contend with, the major ones being winter and summer for countries in the Polar Regions and wet and dry for countries in the temperate regions.
i. Winter | ii. Summer
In the same way, we have a lot of seasons in the year and these seasons have some special businesses that thrive as they roll along. These can include;
a. Valentine’s Day | b. Easter | c. Christmas
d. Halloween | e. Black Friday
Business ideas Based on Time Availability
There are businesses that can indeed give you the ability to choose the time in which you want to run them. This of course business that you can do together with your nine to five with none of the clashing both on time and interests. Some of these jobs include;
i. Early Morning | ii. Evening
iii. Night Time | iv. Weekends
v. Full Time | vi. Part Time | vii. Future
Business ideas Based on Gender
In a world that clamors for equality and the rights of both sexes, there are still businesses that are still greatly dominated by a certain sex. This of course is not because any form of sex restriction is placed on the business, but because societal values tend to favour one sex in a particular business, and another sex in another.
i. Men | ii. Women | iii. Children
Business ideas Based on Religion/Spirituality
The Religious Organizations industry consists of organizations that provide religious worship or promote religious activities. Industry establishments include churches, temples, mosques, synagogues and other houses of worship, in addition to convents, monasteries and religiously affiliated community centers.
However, schools and hospitals that are operated by religious organizations are not included in this industry. Over the five years to 2021, revenue, measured in total donations to religious organizations, is estimated at £124bn with the industry employing over 1,706,296 people.
i. Christians | ii. Halal