New Businesses That Will Emerge After COVID-19

The COVID-19 pandemic has been devastating for the global economy and has resulted in halting the

...

growth momentum of several countries. It is one o...

New Businesses That Will Emerge After COVID-19
Gemma Davis Image
Gemma Davis
Updated: Friday 18th of December 2020
Evaluation

The COVID-19 pandemic has been devastating for the global economy and has resulted in halting the growth momentum of several countries. It is one of those human crises that comes in a lifetime and leaves behind emotional and financial scars forever. Besides the loss of human life, it has been discouraging for the commercial sector. A variety of businesses have been hit hard and myriad small and medium-sized ones are on the brink of bankruptcy. Although the Federal Government is making every effort to pull the dwindling economy back to its stable position, things have been challenging for entrepreneurs.

However, the resilience of the business community has helped in the revival of ventures by leveraging advanced technology. Companies have come up with innovative ways of catering to the demands of the customers while maintaining social distancing. The emerging trends have given birth to new businesses that will become mainstream post the pandemic. If you are looking for a business for sale in Australia, then you must be aware of these upcoming and booming endeavours. So here is a list of all these evolving ideas that are all set to take over the world after we recover from the pandemic.

1. Telehealth Services

Since the novel coronavirus brought about a health emergency, the healthcare industry has been facing a burden of significantly increased demand. However, the professionals have come up with the new telehealth model to cater to the diverse clientele. The telemedicine service has not been leveraged in the country as it should have been, and the current circumstances have brought the gap forward.

The Government has played its part by expanding the Medicare-subsidised telehealth services for all the citizens. Video consultations and remote consultants have helped a lot of patients to resolve their health issues without having to physically visit the doctor or the clinic. The service is going to become a full-fledged requirement in the future due to the convenience of finding a doctor on call and getting a consultation online.

2. Drone Delivery Service

Drone delivery service was introduced a few years back, but it has become all the more important in the present conditions. Drones can deliver foods and drinks, medicines, not too heavy hardware, and recreational items. They provide quick and effective delivery. The drone delivery system has been employed by Wing Aviation Pty Ltd to deliver various goods in North Canberra and Logan. Wing is owned by Google’s parent company Alphabet and has beaten Amazon in offering the revolutionary service. Amazon will soon begin its drone service to fulfil delivery of ordered products through its site. Various other companies are developing their drone delivery systems to reduce manual distribution and adopt contactless deliveries.

3. Online Education

Although online classes are being viewed as a curse by many parents of school-going children, they have helped in improving the digital delivery of education. Several institutions are utilising technology to enhance the online classroom environment. Microsoft Teams and other such software are being utilised by schools to conduct classes that allow live chatting with teachers, raising hands to clear doubts, conducting special meetings, playing PPTS and videos, etc. Besides using various software for teaching, many schools and colleges are also working on creating AI-enabled tools that help in automating processes like attendance and assessments.

A vast number of businesses are also using AI-enabled tools to improve their remote working systems and decrease dependency on manual labour. The future is bright for distance learning that can allow international students to interact with their teachers and get degrees without physically travelling to far off places.

4. At-Home Workout Equipment

With the pandemic shaking up the entire world, people have become conscious of being fit and building their immunity. There has been an emphasis on increased physical activity during the lockdown. Many Australians could be seen indulging in running, cycling and brisk walking as the gyms were closed. While many still prefer the ambience of a gym or yoga class over an online fitness class, the business has been growing. Various instructors are now offering online sessions for yoga, simple workout, pilates, kickboxing, etc.

They are also selling training equipment online to allow people to take full advantage of the sessions at home. The convenience and comfort offered by these programs will make various clients shift towards at-home fitness services.

5. Hygiene and Disinfection Products

It is needless to say that the focus on hygiene will increase in the coming years. The demand for disinfecting agents will continue to grow. Consequently, the companies manufacturing hand sanitisers, surface cleaners, organic vegetable and fruits cleaners, and floor cleaners will be making huge profits. Besides these, the sale of personal hygiene products will also soar as people become more informed about viruses and bacteria lurking in the environment. The sale of masks and PPE kits is already touching the roof. Organic cleaning is yet another advantageous sector that will be required by households and businesses to keep their premises germ-free.

6. Home Improvement Services

With more and more people preferring to stay indoors and ordering online, the home services industry has grown exponentially. From electricians and gardeners to handyman, plumbers, and cleaners, there are a variety of at-home service providers that help in home improvement. The busy and occupied working professionals and old couples are especially in favour of hiring such service providers. It saves them the time and the effort spent on these chores. With the pandemic forcing people inside, family members are thinking more about improving their households, and thus, these services are being hired increasingly.

7. Self-Care Services

The pandemic has made a lot of people stressed and go through mental trauma. It has been a difficult period for one and all since they have been deprived of the basic rights of socialising, freely roaming around, and travelling. The frustration levels are higher than ever and leading to the increased need for services that boost confidence and positivity. From motivational speakers to spiritual gurus and mediation experts, there are a variety of professionals in the field who can offer their services to improve the mental health of the people.

Also, a lot of women are now resorting to DIY beauty treatment to feel better and beautiful which has given birth to organic and homemade cosmetic products. From facial kits to bath salts and makeup essentials, there are a variety of self-care products being sold online through small e-commerce businesses. Online shopping and virtual assistance are the only way forward and the consumers have already adopted them. Thus, it is time for entrepreneurs to make the transition soon.

Conclusion

If you have been looking for a business for sale in Australia, then you must make a wise decision to invest in a venture that is all set to grow in the future. Keep the list mentioned above in mind while making your pick to choose sensibly.

Author Info
Gemma Davis

Gemma Davis is a Business Strategist with over 20 years’ experience and a CPA qualification in finance, accounting and business. She has been a source of inspiration to budding entrepreneurs and has guided them to reach the next level in their business growth plans. With her experience and expertise, she can help you to choose the right path and overcome all the hurdles in your journey as an entrepreneur. Her affiliation with Business2sell is a matter of pride for us.

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