If you’re thinking about taking the entrepreneurial leap and opening your own business this year, do it wisely. Considering your passions and personal talents on their own merit, won’t guarantee your business is lucrative or successful.
It’s important to know which sectors of the market are still in their growth stages, which have flat lined, and which are in decline. So, before making one of the biggest investments of your life, check out this list of the top 5 businesses primed to succeed in this year’s marketplace.
- Information Technology
Despite talk of the inevitable bursting of the startup bubble, all areas of the technology industry have experienced growth over the past few years. Among those most thriving, companies offering IT services. From systems design to in-house, onsite management, every aspect of this niche has benefited from a 15 percent spike in growth over the last year.
Businesses are worried about protecting their data, and with cybercrime on the rise, breaches in security are a steady and persistent threat. With no end to that threat in sight, IT support companies should enjoy continued growth well into the foreseeable future.
- Specialized Grocers
From vegan to gluten free, organic to paleo, people love specialty food and they love to shop from high-end, specialty grocery shops. Add good service to gourmet, and throw in wholesome foods-stuffs, and you’ve got a moneymaker.
According to experts, 2015 is the best year yet for opening this kind of specialty food establishment.
People love money, but their love ends when the process of keeping track of accounts begins. Since few individuals receive a good financial education, a business that offers accounting services is purely recession-proof.
As more small businesses open and thrive, more independent bookkeepers and accountants are needed. Having a background in accounting is ideal, but hiring others who are already well educated is also a great way to get started.
- Architectural Services
Just a few years ago this industry was drowning in shallow waters, but now it’s making a comeback, and for individuals interested in opening an architecture firm, the time is ripe. Landscaping, mapping, drafting, surveying, there are plentiful services that architects offer, which the rebounding real estate industry is in dire need of. Architecture has grown as an industry, by nearly 14 percent over the past 12 months, and it continues to grow today.
This wonderfully diverse industry covers everything from marketing to security from human resources to SEO, and it’s nearly 12 percent growth over the past two years has yet to slow. Because businesses live in a world of constant flux, they require niche specialists to guide them through the ever-changing landscapes of fields they themselves don’t specialize in. For this reason, consulting is a clever market for the well informed on any subject.
Are you a master of SEO strategy? Spend your days and nights researching ways to make Google’s front page? Know when a trend changes the before everyone else does? Businesses of all kinds are frothing at the bit to hire you. Capitalize on your expertise, and you can’t go wrong.