A slow economy does not mean there are not lots of opportunities for entrepreneurs willing to do a little research into what industries are showing strong growth potential for the year approaching. Some businesses may be franchises, and others might be solely your own, but either way there is money to be made and success to be achieved in several industries. Here are just five of the most promising:
1. Elder Care: An aging population of independent individuals in need of some extra help presents a great opportunity for businessmen to provide the services more and more elders will need, including help with daily living like cooking, cleaning, taking meds and other personal care.
2. Health and Wellness: More people are concerned with their health than ever before, and the numbers are swelling. Exercise and fitness centers, healthy food franchises like frozen yogurt shops are becoming ever more popular, creating business opportunities in many markets.
3. Warehousing: Providing inexpensive storage space for businesses helps them cut costs, and important factor in keeping businesses competitive in a stressed economy. Small businesses can especially benefit from a third party warehousing enterprise.
4. Shipping and logistics: As internet purchases continue to grow US Postal Services are cut, merchants will need to look for innovative methods of delivering their goods.
5. Outsourcing/staffing: Another cost-cutting measure for businesses under pressure to keep prices down. Outsourcing, even of high-level management positions allows small to mid-size businesses to only pay for a service when it is most needed.
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