3 Innovative Business Ideas That Will Thrive in 2020

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Coming up with an inventive and successful business idea in 2020 is like finding a needle in a haystack. But, we are constantly amazed by new businesses that end up surprising us. So, here are three of the most exciting and innovative businesses that we hope to see more of in 2020.

Adult Obstacle Courses

One of the simplest business ideas is taking something enjoyed by children and giving it a grown-up makeover. The latest of these is the adult obstacle course. Taking inspiration from an inflatable course and many physical education classes, adult obstacle courses combine fun and fitness. The influence comes from many charity races that allow people to crawl under things and leap over things. But, why not allow anyone to do this at any time, without the need to fundraise and train for a long run? Adult obstacle courses are popular with many different kinds of people and allow groups of friends to meet up and do something different. Heavy on fun and light on fitness, they’re not just for sporty athletic types – The Real Housewives of New Jersey recently even had a go!
Adult Obstacle Courses

Meals on Wheels

Another growing trend for businesses is taking exciting food on the road in the form of food trucks. These range from mac ‘n’ cheese to burgers, Thai food, Indian food and street food from the far corners of the world, or even healthier foods such as salads.

The popularity of food festivals, the need to eat at other festivals, and the Instagrammable nature of such businesses has led to a boom in food trucks. If this has inspired you, it could not be easier to replicate with just an idea, some recipes, and a truck capable of taking the food places. The small business insurance cost can be customized and differs for each business to ensure businesses have affordable options to launch. Having such low overheads can make it easy to start a business like this.

Speakeasies

Prohibition may have ended nearly 100 years ago, but hitting the Roaring Twenties again, we still enjoy a good speakeasy. There is something exciting about the bars – usually cropping up in hidden locations – that throws back to a strange time in the history of the USA. Many speakeasy bars are hidden from the general public and available only for those with a secret code or password. Part of the excitement of the experience is this esoteric nature and the fact you feel both like a treasured VIP and like you’re doing something naughty. These businesses have succeeded through the use of social media and developing a presence without actively developing the presence. Good old-fashioned word of mouth shows how powerful the concept can be. Many people have set up speakeasy-themed club nights that have a select clientele due to the nature of how they found out about it.
Speakeasies
Creating a business that gets people talking is difficult. But, tapping into something that is popular and that you can do well is most of the battle. Sometimes the idea is something simple like adult obstacle courses, or the execution is simple like a food truck, or maybe the concept just allows us to delve back into our nostalgic past.