STEM stands for Science, Technology, Engineering, and Mathematics. These subjects are usually considered uninteresting or too difficult, but they’re the basis of many exciting and well-paying careers. Any business that requires a high level of technical knowledge can be classified as a STEM business. Explore these six STEM-based small business ideas and learn how to start your own company.
3D Printing Service
3D printing is one of the most exciting new technologies on the market, and it has a variety of applications. It can be used to create models for visualization, prototypes for testing, tools for building, and raw materials for producing other goods. 3D printing is already widely used in engineering companies and architectural firms, but you can set yourself apart from others by offering a 3D printing service. Cater to local businesses that need models and prototypes for demonstration purposes, and charge for your services based on the size of the model and the materials used.
Mobile App Development
Regarding small business ideas, mobile app development is one of the most lucrative and potentially profitable. In today’s tech-savvy world, mobile apps are more popular than ever. Your app could be about anything, perhaps a GPS location for your business or an app that lets you order food from a nearby restaurant. Each of these apps requires some technical knowledge, so it will help to have the essential technical ability to develop and maintain the app.
Robotics and Automation Services
While robotics and automation technology is often used in large corporations, you can apply them to your business by offering services. You may be an electrician who wants to install robots and automated machinery in factories or a contractor who could use the technology to build a home. The technology behind robotics can be applied in any industry, so there’s plenty of work and room for growth. Many people are hesitant to use robots and automation technology in their business, but if you’re willing to develop and use the technology yourself, you could reap the benefits.
Online STEM Tutoring Service
Many online businesses offer tutoring services for people who need help with their schoolwork. But you can use your knowledge of STEM subjects to create a tutoring service focusing on students with specific educational needs. Many schools don’t focus on the particular expertise required by STEM careers, and they often neglect mathematics in favor of more abstract concepts like art and literature. If you have a firm grasp of math, science, and engineering, you could earn extra money as a tutor.
Coding School for Kids
Coding is one of the most in-demand skills today, and there’s strong interest from parents who want to give their kids a head start in STEM fields. You can offer STEM classes for children interested in learning about coding technology, robotics, and other applications of STEM principles. A STEM kids franchise not only helps teach youngsters how to code but also lets them work hands-on with robots and other forms of high technology. The best part about this idea is that it has the potential to grow into a multi-location franchise opportunity.
Environmental problems are one of the biggest concerns of our time, and they can be even more severe in developing countries. Unfortunately, they can also be costly to repair. You could provide an environmentally-friendly solution by consulting on environmental issues with your local community. Whether fixing a leaking pipe or removing chemicals with dangerous side effects, you could help make a real difference for your neighbors and community members. In addition, you would be involved with some fascinating science and technology, and you’d be helping to change the world for the better.
Renewable Energy Solutions
Renewable energy is one of the most critical issues today, and growing numbers of people are looking to cut their energy costs by using renewable sources instead of fossil fuels. That’s why companies that focus on renewable energy solutions are in demand and can charge premium prices. Solar power, wind power, geothermal energy, and other forms of alternative energy are more efficient than traditional power plants, but they’re expensive to implement. That means there are plenty of opportunities for established businesses and new start-ups to become renewable energy experts and make a profit.
STEM subjects are vital to our world, which is why they are so in demand. You can use your innate understanding of technology and mathematics to create any number of businesses that will help you make a profit while helping the environment and improving people’s lives. No matter what company you choose, it will be successful if you understand STEM subjects and how to apply them to real-world situations. You must give it some thought and research, start small and take your time.