According to retail experts, the health & beauty sector is in rude health; thriving, they say. So if you’re wondering which sectors present good options for a new business start-up, this could be the sector for you. Emma Jones offers facts and figures and some business ideas you might like to try.
Researchers at retail consultancy, Verdict, have published a report saying the health and beauty sector is set to grow by 2.7% this year. It’s already worth £16.3bn to the UK economy so the figures are impressive. The report
sets out a couple of reasons as to why the sector is in such good shape, including people’s increasing concern with health and wellbeing and a growing market in male-grooming.
But not only does this sector offer economic opportunity, it also offers happiness. That’s according to business owner Nathalie Page who runs a make-up school from her home and says: "Beauty therapists are rated as the
happiest workers in the UK scoring a massive 9/10 according to a City & Guilds happiness index. Wow. Being in the beauty business brings health, wealth and happiness!" Nathalie goes on: "The beauty industry is a great
business to be in – suitable for those wishing to retrain either after redundancy or children."
So let’s look at the options and ideas you can start.
* Go freelance – become a make-up artist, reflexology professional or fitness instructor and offer lessons/receive clients in your own home or travel to clients homes/offices. If you set up in London, check out Returntolgory.co.uk as a site that helps with promotion and business development.
* Create products - unhappy about the products they were finding on the high street Sarah Brown set out addressing this by creating her own products and business. Sarah Brown launched her business, Pai Skincare, to fill a gap in the market for a chemical-free skincare product. As she says: "I started making my own chemical-free creams. Friends started sampling (and loving) them and it all led from there."
* Start a School! – Follow Nathalie Page’s example and start a make-up school from your home. Nathalie’s
business is buzzing as people sign up to learn from this professionally qualified lady who specialises in high definition for film, TV and photographic shoots.
Whichever way you decide to go, start taking steps now whilst this sector thrives!
Emma Jones is Founder of Enterprise Nation , the home business website, and author of Spare Room Start Up: how to start a business from home.