CyberPolicy is monitoring news of the coronavirus (COVID-19) outbreak and has activated a business continuity plan in response to the situation. We have implemented precautionary and preparedness measures to reduce exposure to the coronavirus and are prepared to maintain normal business operations.
X

3 Lucrative Business Ideas in 2017

You’ve learned by trial and error that working in a conventional 9 to 5 office job isn’t for you. Though you’re good with deadlines and have strong managerial skills, this type of lifestyle doesn’t inspire you. To quote Disney’s Belle, you “want more than this provincial life.”

You’re more of an in-your-face, boots to the ground type of personality. With an appetite for adventure and a thirst for change, starting a small business might just be the shoe that fits.



And speaking of quotes, you can find competitive small business insurance quotes online with CoverHound; they’re free, affordable and offer full coverage protection.

Looking to become a small business owner? Here are four lucrative business ideas for 2017 to familiarize yourself with!

Microbrewery

The Brewers Association reports that there are now over 5,000 microbreweries dotting the American landscape. Chief economist of the Brewers Association said, “in the face of numerous opportunities and challenges in 2016, small and independent craft brewers continue to thrive. This community should be very proud of what it has accomplished and how far it has come.”

Clearly a growing field, the microbrewery industry rose by six percent in 2016 and make up 12 percent of the market share of the beer industry. CraftBeer also shares that independent microbreweries make up 99 percent of the operating breweries in the U.S.

With an expanding market that’s set to climb, founding a microbrewery could be your ticket to the professional excitement you’re seeking.

Food Truck

People love food. Did you know that the average Millennial spends 44 percent of their grocery money on dining out? Your food truck could be where they’re spending a chunk of that 44 percent!

According to Mobile Cuisine, the food truck industry has continued to grow year-over-year, with an industry revenue increase of 12.4 percent. The Economist tells readers that there are over 4,000 food trucks that serve the American public every day, and unlike opening and running a restaurant, you have a lower overhead cost and can build your brand before opening up a permanent restaurant.

And as a restaurant on wheels, you can move where the people are. Is there a show downtown? Pull up and park outside the venue to feed the masses. Has someone asked if you cater? Then cater—you have a traveling kitchen at your disposal.

Children’s Service Industry

If you love children and enjoy helping them to learn new things, opening up a childcare center, preschool or after-school program in your area is a great business venture. The Balance writes that there are a good deal of small business opportunities in the child care industry.

Entrepreneur tells prospective small business owners that there are 73 million children living in the U.S. under the age of 12. These kids will need looking after, especially as more and more households have both parents joining the workforce.

Opening a day care or running a tutoring program takes a special type of personality. If you’re an empathetic, kind and patient person who believes children are the future, this is the business for you.

When you start your small business, make sure to get your small business insurance with CoverHound!

© 2010 - 2021 CoverHound, Inc. All rights reserved. CoverHound© is a trademark of CoverHound, Inc. DBA: CyberPolicy Insurance Solutions - CA License No. 0L13180. DBA: CoverHound Insurance Solutions - CA License No. 0H52375