Most successful entrepreneurial businesses in 2020

Looking to become an entrepreneur? Here are some of the most popular entrepreneurial industries that you can get involved in.
Ad Feature by Tej Kohli Foundation
Published 7th Aug 2020, 13:41 BST
Updated 7th Aug 2020, 13:58 BST
Businesses may be taking a battering, but budding entrepreneurs are still out thereBusinesses may be taking a battering, but budding entrepreneurs are still out there
Businesses may be taking a battering, but budding entrepreneurs are still out there

We are living in an age of opportunity, where so many industries are growing beyond the mould that may once have defined them. The potential to grow, thrive, and make a significant profit is out there, but due to the heady competition motivating every business in operation today, finding the right industry in which to start your business can prove incredibly difficult.

Here, we are going to look at some of the most popular entrepreneurial industries in 2020. Read on to hear what these are.

The tech industry

With the rapid advancements in technology that we have seen over the past few years alone, you can expect this industry to really take off in the future. From new products and devices to software, we stand at a point in history more lucrative than ever before for entrepreneurs.

There are many tech entrepreneurs and investors in the UK such as Tej Kohli, Tessa Cook and Sallie Krawcheck. These people are making waves in the industry and are certainly setting the bar for other entrepreneurs in the UK. Of course, the great thing about the tech industry is that it can cross over into other profitable industries to grow even more.

The retail industry

One of the other popular entrepreneurial industries that is extremely popular in the UK right now is the retail industry. Clothing, fashion and accessories are a big deal around the world no matter where you live, and everyone is always looking for the latest trends to follow. As a result, there are a countless clothing and retail businesses making considerable profits, especially online during the pandemic, but on the high street when the markets return.

There is a lot of money in retail but, this is a very competitive industry to get involved in so, businesses need to make sure they do as much as they can to stand out from competitors. To beat the competition retail entrepreneurs need to use new tech and build their business with a unique concept.

The food and restaurant Industry

Another popular industry to get involved in as an entrepreneur is the food and restaurant industry, and this probably won’t come as a surprise to you. The food and franchise industry is thriving around the world, with imports and exports made daily. There are lots of different kinds of roles in this industry from manufacturer to restaurant owners and suppliers. For anyone hoping to become an entrepreneur in the food and restaurant industry, the future may be uncertain at the moment, but will undoubtedly rise again once the pandemic is over.

There are many different industries that you can get involved in to become a successful entrepreneur in 2020. Business owners and future entrepreneurs need to make sure that they are doing adequate research into these industries if they want to secure a future that is profitable. Make sure to keep an eye on these industries in the future and you’ll notice just how profitable they can be.