Top 10 Businesses of The Future (2020-2030)

Ever wonder if your business could become Peter out? You see, truth is if you fail to evolve, you and your business are going to extinction. Don’t think so? Read about what happened to Kodak in 1998. Or better still see how Polaroid Corporation painfully admitted its bankruptcy in 2008. And if you’re still yet to shake a leg, check this bizarre list of 10 businesses going to desolation in 10 years. Found your business in it? Then I believe it’s time to consider one of the top 10 businesses of the future?

I know it is pain to build a business ground-up. And that pain I presume you as a business holder acknowledge too. Building your recent business from the ground and getting it up and running was work. But as a smart entrepreneur, thinking ahead should be your principal trait. The recurring question should be; what will be the most profitable business in the nearest future? That way, you either save your business or create a better future for your resources. So, what are the future business opportunities you must know today? Let’s time-travel to 2030!

Top 10 Businesses Of The Future (2020-2030)

Top 10 Businesses Of The Future (2020-2030)

Electrical Re-charging Station

Welcome to 2030. You are looking down the window thinking about the good old time of ICEs (Internal combustion engine) cars. Those petrol/gas refilling stations you used to know have given way to electricity re-charging stations. Your auto-mobile business friend that deals in traditional cars is out of business.  And so is the auto-repair shop down the street. An electric car with “power of tesla” imprinted on it stops by the street corner’s electricity dispenser to get a refill. Instantly, that profit-oriented side of you kicks the other fear-driven side. Now you can perceive the hard cold cash that could be rolling into the bank for you if you started your own electrical recharging station. Your brain is ignited and dispensing several questions on autopilot into your mind. How do you get started? How much capital do you need to kick-start? What’s the pricing regulation like?

At the speed of technological advancement, the time of electric cars is already in some developed countries. And soon enough petrol pumps and fossil energy will not be spoken of never again. So you see a future of liquidation for petrol station owners and I see a new goldmine most especially for the early starters of electrical recharging stations

Taxi Dispatching

Still 2030. You are down the stairs and a phone conversation takes your attention. The caller hangs up then shortly a Lambo parks next to them. They went in and off. You ask yourself what just happened. Wake up man, it is 2030 which means it may be over with the old traditional courier services. This is the era of taxi dispatching and it is here already. Uber is proof.

As of now, there are about 20 taxi dispatch software of which TaxiMobility is trusted by 1000 companies. But what is taxi dispatching and what is a taxi dispatching software? I hear you ask. Well, a taxi dispatching service provider links just any licensed driver with passengers. The business is all about allocating driving jobs to readily available drivers. But how do dispatching service providers get in touch with these drivers? That’s where the need for a taxi dispatch app/software kicks in. These apps connect dispatchers with passengers, let dispatchers assist drivers with directions to the location of pickups. And you know what this means? You may either create your own taxi dispatch software and sell a solution to taxi dispatch businesses or maybe hold a taxi dispatch business yourself. Meanwhile, you may do just both. All in all, taxi dispatch may be the easiest to start and the least capital intensive business idea of the nearest future.

Drone Delivery

Seen people taking tropical pictures with the help of flying drones? AI (artificial intelligence) is already touching our lives in every direction. And soon we will be a lot more connected to it than we are today. Today, drones are developed for several purposes. While some are grenade droppers and spying devices in the military, others are being used in tunnels and mines to see ahead. But you know what? Big e-commerce companies like Amazon have intelligently found an out-of-the-box application for our new drone friends. The new Prime Air drone of Amazon is capable of delivering a 2.7kg package over a long distance of 15 miles in just 30 minutes. And in months from now, Amazon will be delivering by drones alone.

Imagine what the future holds for the present commercial delivery service business owners using buses and vans. Many will fall out of business, few will adapt to the coming change, and many startups will evolve. This is a message to you as a delivery service business holder and as well an eye-opener into a promising opportunity.

Home Sharing

The hotel rooms are reeking in cobwebs. The once clinking sounds of bottles are instead the chirping of crickets. What’s evolving as a replacement for the fallout of hotels with the business world? And why does your friend’s condo appear on Craiglist now and then?

Brian Chesky, Joe Gebbia, and Nathan Blecharczyk cofounded Airbnb the first-ever home-sharing brand late 2008 in the streets of San Francisco. And just today, not only does Airbnb claim a $31 billion networth to its name but has opened the doors to this new billion dollars idea to the like of Book Holdings and VRBO of Expedia. Does this mean that people are getting much inclined to home-sharing than they are to hotels? The answer is yes. In 2015 alone, Airbnb home-sharing site recorded a monthly visit of 94.9 million. Why? Home-sharing beats hotels to the dust with offers such as; a larger accommodation, wide range of amenities, cost-effective, longer stay, convenience, and a generational appeal. And that’s why your friend’s condo unit is on listing for house-sharing. If you own a hotel, it’s time for a tabula rasa.

Solar Power Business

The removal of utility poles has brought about an increment in space for social development. Meanwhile, dams are getting transformed into photovoltaic power stations. Here comes Alexandre Edmond’s prophesy.

Are you aware of the new fashion hats with solar panels in them? These hats allow you to keep your devices, your phones most especially, powered on the go. You wouldn’t be surprised if you’ve seen one or two solar-powered cars from Volvo, Toyota, or and Honda. Not only is the world shifting away from burning fuels as a way to escape global warming but the cost of electrical power is pretty high compared to the solar system. Not only do we see an end to electricity power holding companies but a new dawn of solar business which is in fact here already. So if you are asking what business will grow in the future, solar power business is one.

Passenger Drone Business

future business ideas passenger drone

Passenger Drone | Image: DroneRush

Seen the movie Men in Black or Colin Farrell’s Total recall earlier? Yes? Then you’ve seen those flying drone vehicles with passengers in them. Well, the first-ever drone limo service had been started in 2017 with Ehang 184 the one passenger drone. Ehang 184 travels at the speed of 100 miles per hour and it was made by Chinese popular drone engineering corporation Beijing Yi-Hung.

While this may write an ending line to the history of planes and land transportation especially, many drone transportation service brands will come to the limelight. So whatever your business plan maybe today for the future, this is yet another future business staring at you.

NanoTechnology and Watson health business

In 20 years, life span will increase with the ultimate power of nanotechnology. Nanotechnology is simply a branch of technology that deals with small dimensional systems with large inputs. Some of the innovations of nanotechnology today include tiny robots of less than 100 nanometers that can be injected into the body system to cure even the most chronic diseases.

If you are seeing an end to traditional medical services already by this then the Watson of IBM will amaze you. A hyper-intelligent supercomputer that has the most accurate answer to just anything. With these two powers available decentralized, chances are techy individuals with a good knowledge of AI will be the leading-edge of the medical sector. Therefore, it’s definitely a race of who is most techy than of who has the highest degree certificate in the medical field.

Consultancy

Technology and its advent are pushing forward rapidly. Every sector and every business are obviously getting affected in score ways. The most obvious is the recent massive attention paid to internet/online marketing. Every businesses today must have an online presence and that’s the new good rule of thumb. How then are businesses finding adding flexibility to their rigid working traditions and ethics?

Consultancy is the answer. Consultants are professional advisors to business holders in the law sector, human resources, finance, healthcare, and more. Consultants also serve as startup assistants. And due to the continued technological advancement, the need for consultants is ever increasing. Isn’t it about that time you hone in your consultancy skill and maybe kick-start a consultancy business? Here are the top profitable consulting business ideas to look into.

Robotic Rentals and Repairs

There are already robots vested with several industrial and manufacturing responsibilities. In China today, there are robots used in schools, in the military, healthcare, and in many industrial automation companies as well. Sooner or later there will be no such thing as human labor force with the likes of Kengoro, the Japanese most advanced robot that has just all the capabilities of a human.

But no matter the efficiency, speed, and accuracy of these newly found tech companions, there’s always someone needed to take care of them when they fault out. Therefore, I welcome you to the future industry of robotic repairs. A future industry with good promises for robotics engineers. And are there some more future business opportunities coming from this end. Of course yes. There will be robotic rentals, robotic outlets, and even more businesses coming from the emergent of robots in great scores.

3D Printing and Data Crunching

3D printing is taking over the recycling of things soon. Need a pair of those sunglasses? Print it. Need your own personal sneakers? Print it. The only downside is printers are way expensive as at now. But as long as technology keeps advancing and more 3D printers are being developed, the cost will ease.

On the other side, as the need to take businesses digital is on the high, consumers’ data are an essential resource. Which means there is a need for data crunching specialists. The question now is, would you learn data crunching and start your own data crunching brand now? Would you become a 3D printer operator right from now?

Conclusion

The future is here already and it belongs to every fast decision-maker. If you aren’t moving yet at the same speed as technological advancement and in the same direction the world is going, you’re either getting left behind or running out of business. By the way, what do you think about my listed 10 future businesses? Do you have some more ideas you think I should know about? Use the comment box.

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Francis Nwokike

Francis is a Social Entrepreneur. Love discussing new business trends and Marketing tips. A Startup consultant. Will help you grow your business online.

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