Top 10 new business ideas for 2024

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Business management consultant

Consulting is a popular freelance trade in the professional world. Specifically, business and management consultants are on the up as companies look for support and guidance on strategy.

This is a broad term and you could specialise in anything from finance to marketing to full organisational structure and culture.

For example, our 2021 Business Boost winner was a diversity and inclusion consultancy business and they’ve grown to hire employees and publish a book. Read their story here.

Handyman

While plenty of people like to try their hand at DIY, a handyman service is something many still rely on for projects at home. From basic electrical jobs to painting and decorating, a handyman is now seeing a rise in popularity.

Simply Business data shows a five per cent rise in handymen between 2022 and 2023. And technology has perhaps aided this growth as it’s so easy to find a handyman on platforms like taskrabbit for a wide range of jobs, from furniture assembly to general maintenance.

Skills in the trades are highly sought after and can be well paid. You’ll just need to navigate the challenges of materials shortages and rising costs, but it can be a lucrative earner for practical people.

Read more on how to set up a handyman business.

Teachers and tutors

The teaching profession is a rewarding but challenging one. Despite this, we’ve seen a rise in teachers and tutors insured in 2023 compared to 2022.

A report in The Times suggests the rise of private tutors stems from parents wanting to fill the gap in education their children lost during the pandemic.

And private tutoring is a popular side hustle as some teachers look for ways to boost their income and find an alternative to classroom teaching. You could specialise in exam preparation or teach a musical instrument or language.

Interested in being a self-employed teacher? Read this step-by-step guide.

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