So you’ve made the decision to take the leap and start your own business. Being an entrepreneur is one of the most rewarding yet challenging things you can do in your lifetime. It offers the opportunity for incredible achievements but also great failure, so it’s important to go into business in an industry that has the market potential and characteristics that set you up for success. Here are the best industries for new entrepreneurs.
Healthcare
With millions of baby boomers aging and requiring more care and doctor visits, the healthcare industry is expected to continue to grow over the next few years. Home health aide businesses in particular are predicted to be especially successful. Now could be a great time to consider opening your own senior or in-home care business.
Tech
Technology is obviously a huge part of our lives and only continues to become more engrained in our everyday lives. For this reason, if you have the knowledge and ability to enter the technology market, whether it is by developing an app or creating a startup, you have the potential to become very successful. Getting involved in tech certainly isn’t for everyone, but for some it could be the way to go.
Traveling Businesses
Food trucks, mobile car detailing, traveling IT support, one-on-one personal trainers, etc. The rise of on-demand technology has made consumers accustomed to individualized service that comes to them. Businesses that travel directly to the customer will have an edge over the competition.
The Sharing Economy
The sharing economy has really taken hold over the last 5-10 years. Companies like Uber and Airbnb have come out strong and created an entire new trend of driving revenue by encouraging consumers to share services and products. Along with tech, this is an industry that requires some technical knowledge but will only continue to grow. If you have a unique approach, you could do very well as a new entrepreneur in this industry.
Retail Kiosks
Thanks to customers that have turned away from the anonymity of large stores and appreciate the more personalized experiences and better service they receive and individual boutiques and kiosks, the retail kiosk industry has grown from just a novelty to an expansive $12 billion industry. Complex retail merchandising units (RMUs) and large freestanding kiosks are becoming more popular because of the level of service they can provide and the industry continues to grow across the globe.
Opening a mall kiosk could be the perfect way to start your entrepreneurial endeavors. The industry now has the perfect combination of technology, innovative products, and market growth and exposure to facilitate a successful retail kiosk business. In fact, the growing mall kiosk industry has allowed Mobile Outfitters to develop a globally successful kiosk program and Master Territory licensing program.
Use our kiosk profit calculator to see how profitable you could be as a new entrepreneur that owns a Mobile Outfitters kiosk business!
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