Top Small Business Ideas for 2023

As we move into 2023, small businesses continue to play a vital role in driving economic growth and innovation. According to the SBA, small businesses create two-thirds of new jobs and deliver about 44 percent of the United States' GDP, or gross domestic product. So, is starting a new business right for you? If it is, here are a few of the top small business ideas for 2023.

Online tutoring: With remote learning becoming the norm, online tutoring is a business idea that is sure to see continued growth in 2023. You can offer one-on-one sessions or group tutoring in a variety of subjects and reach students all over the world. Offering this service is not only profitable but also rewarding to know that you are helping students achieve their educational goals.

Home cleaning services: With more people working from home, the demand for home cleaning services is likely to increase in 2023. You can start a business specializing in deep cleaning, organizing, and decluttering services. This service is highly competitive, and customers tend to stick with companies with good reputations.

Health and wellness products: The pandemic has increased awareness of the importance of health and wellness, making this a promising business idea for 2023. You can create and sell your line of health supplements, skincare products, or other wellness items. You can also be a wholesaler of other company products as an alternative to selling your own.

Virtual event planning: During the height of the pandemic, businesses and government agencies turned to virtual communication, as opposed to in-person meetings. Unlike other industries, virtual event planning became popular and will thrive in 2023. There are no limits to what you can offer, but organizing, planning, and executing virtual conferences, webinars, and other online events are top sellers.

E-commerce: With more and more people shopping online, starting an e-commerce business is a great idea for 2023. Along with the option of selling health and wellness products, the sky is the limit on what you can sell—physical goods, App and website building, digital downloads, and unlimited types of services. And you can reach clients all over the world.

Sustainable products: The growing awareness of the importance of sustainability is making this a promising business idea for 2023. You can create and sell eco-friendly products or provide sustainability consulting services to other businesses. With the environment and conservation hot social issues in the United States, you should have no problem capitalizing on countless products and services.

Social media marketing: As more and more businesses are turning to social media to reach their target audience, social media marketing is here to stay and will eventually become something a business cannot do without. You can offer your services to help companies to create and execute social media campaigns or even manage their social media accounts. Just be careful with social media platforms; remember, they are private companies that can change their policies without your "vote."

Food delivery service: The pandemic has accelerated the growth of food delivery services like DoorDash, Uber Eats, Grubhub, and several others. With people staying home rising in popularity, this is a great business idea for 2023. You can start a food delivery service specializing in local and organic food or offer meal-prep services. Like with the tutoring business, you could contribute some of your services to charity, like helping to feed the homeless and elderly.

Dropshipping Businesses are a big hit today; people are making quite a bit of money while doing very little work. With dropshipping, entrepreneurs can sell products online without owning or operating the physical location where those products are stored and processed. This means you can start an e-commerce store and sell a wide range of products without handling inventory and fulfillment.

Have you got a story to tell? Write and self-publish a book? Plenty of online publishing companies will walk you step-by-step through the process of publishing your book. Amazon is probably one of the most popular ways to self-publish; yours could be the next bestseller.

Maybe you're ready to exit the rat race but unprepared to retire fully. Why not open a coffee shop, smash room, used book, or vinyl record store? There are a million ideas; all you need is the drive and a little startup capital to open your doors. 

These are just a few examples of the many small business ideas likely to grow in 2023. With hard work and creativity, you can turn any of these ideas into a successful business.