Business ideas with the biggest earning potential in 2021

Coronavirus disruption contributed to an uptick in the number of new business registrations in 2020 and experts predict more of the same this year.

Obviously money isn’t everything when it comes to entrepreneurship. Many people start businesses because they want more freedom or independence or because they are passionate about a side-project or product, but if your new business venture doesn’t make any money, then it’s not going to be sustainable.

So what kinds of businesses are going to make you money? Here is our list of businesses with the biggest earning potential.

Small business owners: 5 things to do before you take a holiday

Getting away and taking a holiday is crucial when you’re a small business owner. It helps you take a step back and plot the company’s trajectory, and more importantly, it gives you the chance to relax and recharge your batteries.
As the summer draws in, we’ve put together a short list of everything you can do to make sure you have the most enjoyable and distraction-free holiday possible.

New government backed funding options for small businesses

A new scheme will help small British businesses get access to funding after they have had a loan application refused by a major bank.

Launched earlier this month, the government backed scheme will boost the supply of finance for small businesses by giving them access to new and innovative funding options like those provided by financial technology start-ups.
Bank lending to small businesses has declined in almost every year since the financial crisis. Major high street banks refused around £4bn worth of formal loan applications last year.