3 Lucrative Business Ideas For The Millennial Entrepreneur

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If you’re keen to forego the security of a full-time job, exceptional promotion prospects and the scope for wage increases, then working for yourself and setting up a business won’t seem such a scary prospect. More millennials than ever before are taking the plunge and staking their claim to be the next great entrepreneur. While you might wish to join their ranks, you might not be sure which sector to specialize in or what niche to tap. Take a look at these three business ideas that don’t tend to be at the top of most people’s list, but that could be the lucrative money-making idea that you’ve been looking for.

Dessert Bar

If you love all things culinary and you are pretty handy in the kitchen, you might want to take your passion for food and turn it into a business. While the world of restauranteurship is a highly competitive market, you need to find a niche that hasn’t been fully explored yet. Still in their infancy, dessert bars have begun popping up all over the country. Not one savory morsel is cooked or prepared in these establishments. Rather they focus on the sweet and decadent. If you adore puddings and have a sweet tooth, this may be the ideal avenue down which to channel your startup dreams. You may wish to begin compiling a unique dessert bar menu based on your travels, gourmet knowledge, and culinary creativity. By venturing into this sector while it’s still young, you may be able to establish a name for yourself more easily and become a market leader.

Senior Care

While not the obvious choice for millennial entrepreneurs, you could choose to open a senior care franchise and give something back to the community. Older people and their families are willing to pay handsomely in return for exceptional care and kindness from their nursing home of choice. If you have always wanted to work within the caring professions but couldn’t think of a way to do this without working for somebody else, this could be the answer. Working with older people can be incredibly satisfying, no two days are the same, and you will have a lot of fun at work. This is a sector that is growing as people begin living longer so it might be a lucrative industry to explore.

Vintage Restoration

If you are a dab hand with all things creative and enjoy working with your hands, why not consider venturing into the world of restoration. As a select market begins to shun all things technological you might be keen to tap into this niche. Why not get your hands on some vintage typewriters from thrift shops, yard sales, and auctions. You could revolutionize these mid-century pieces of kit and turn them into usable objects once again for the masses. The vintage market is buoyant and lucrative so now might be an ideal time to join it.

If you fancy a foray into entrepreneurship, check out one of these business ideas from which to make your fortune.