4 Novel Business Ideas Found In London

(Collaborative Guest Post) As the seasons change, so do the needs of the market. Entrepreneurship comes to meet these needs and, at the same time creates new opportunities for those who dare to invest in the future. Discover below some innovative business ideas of the future, as well as valuable tips for creating your own lucrative business in London, where you can get creative breaking the narrow boundaries of today's business ideas and focusing on exploring tomorrow.

3d printer photo free stock image by Mushroom on Pexels

3D Printing Companies

Year by year, 3D printing/scanning technology is dynamically entering more and more areas of business. It is no coincidence, after all, that 3D Printing companies are among the most "profitable" in recent years. Although 3D printers were costly and not at all affordable for entrepreneurs in the early years of their existence, their prices have gradually decreased over time. Now they can be used in a wide range of projects. From printing models and medical devices to objects exclusively for fun and personal use! All you need to do to start your own 3D printing business is to find the industry you want to target and buy a set of equipment.

Packaging Companies

Along with online shopping and parcel delivery services, another growing industry, as an integral part of the same chain, is packaging companies. This is a proliferating market, especially if one considers that in 2017 its value amounted to 33.7 billion dollars and by 2022 is expected to reach 50 billion dollars, with an annual growth rate of 9.5%!

In addition, it is an area of business with lots of opportunities for specialisation and development, from smart packaging that changes shape and size to packaging from recycled and recyclable materials, which can be repurposed in the future. 

FinTech Companies

It is a commonly known that in times of crisis significant business opportunities can appear. In the current situation, which continues to disrupt the financial industry, many companies have been forced to reconsider their operation and adopt new financial technologies (FinTech) in an effort to adapt to the ever-changing needs of the market. Still, others made their appearance by introducing pioneering FinTech applications. Of course, in the city of London and Canary Wharf there are located several important companies that have turned to FinTech, investing in an ever-growing industry.

Today, these services are among the fastest-growing industries in the world, with the size of the FinTech applications market estimated to reach $ 305 billion by 2025, according to a recent survey by Research and Markets.

Designing Mini Golf Course Companies

The last category of companies on this list is the companies that design mini golf courses. Among the list of innovative business ideas that can be found in London, this is definitely a special and creative one. From a business point of view, it is also quite a profitable activity as in the last five years London has seen a rapid rise of mini golf games, and specifically in its variation as crazy golf, with dozens of venues appearing throughout the city.

This upward trend was realised by the company Plonk Golf Studios, which creates from scratch various thematic spaces, especially for mini golf games. A reasonably well-established gaming company that has been active since 2014 and owns five different venues throughout London. An excellent business move that "caught" the pulse of the time.

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