Entrepreneurship is all about looking for new opportunities. Whether that means opportunities to make more money or opportunities to make a difference in a new way, entrepreneurs often keep a close eye on the business world at large, taking note of what ideas are succeeding and which need to go back to the drawing board. When a business or whole industry makes an impact, savvy entrepreneurs take notice.
As business leaders themselves, the members of Young Entrepreneur Council also like to take advantage of new opportunities. Here, six members speculate about the industries they would start businesses in today if they weren’t involved in their current businesses and discuss why they believe these industries are so promising for the future.
1. Regenerative Agriculture
I would start a business in the regenerative agriculture sector, probably as a permaculture consultant. I believe that tackling climate change while feeding people nutritious food is one of the most promising ways to make an impact and earn a living. I also believe we need more diverse voices in the agriculture world, and small local farms and urban food systems are going to make a big difference. – Nathalie Lussier, AccessAlly
2. On-Demand Services
Our society has become one that craves instant gratification, leading to the rise of on-demand services like Uber, Netflix, Grubhub and Amazon. With one-click orders or delivery times as short as one hour or a day, these companies are revolutionizing how people access goods and services. That makes investing in this industry particularly advantageous right now. – Tonika Bruce, Lead Nicely, Inc.
3. Physical Therapy And Movement
If I were starting a new business in a different industry, I’d consider looking at physical therapy, Pilates and movement in general. While massage therapy feels amazing and helps to treat injuries, I love the idea of adding movement to prevent injuries and strengthen the body. I see both as working in harmony, and my expertise at running a brick-and-mortar practice would come in handy. – Rachel Beider, PRESS Modern Massage
If I had to start a new business in an industry different from the one I’m currently in, then I’d prefer the beauty industry. It’s one of the safest options given the current economic circumstances. Despite the distress in different industries worldwide, the beauty industry is rapidly growing and has a wide range of niches to target. So, it seems a safe and promising option to consider. – Stephanie Wells, Formidable Forms
5. Fertility And Women’s Healthcare
Women are having kids at a later age these days, and a pregnancy is generally considered geriatric after the age of 35. Many women are rightfully more focused on establishing a career and financial stability, putting things like love and starting a family on the back burner. Having other options, especially holistic ones, at a reasonable price would be my choice. – Givelle Lamano, Lamano Law Office
One of the most lucrative business ventures in 2023 is running a coaching firm, particularly if you have experience in the field. In fact, unless you have a specialty, you generally shouldn’t launch a coaching firm. Coaching sessions are frequently high-ticket purchases, so you can charge a lot for each one. You bill for your value rather than your time. – Kelly Richardson, Infobrandz
Credit: Source link