Most people have at least considered starting a business and working for themselves. You choose your hours and the work you do, make all the important decisions, and help people by providing employment or goods and services they need. Unfortunately, most of these individuals have never pursued their small business dreams because they are not passionate about a specific industry, product, or service, they fear failure or are unsure where to start. If you want to start a business, you can start by researching companies that have positive outlooks.
Online Sales
E-commerce has grown, and it will continue to grow as consumers realize the convenience of shopping online. In addition, individuals’ disposable income has been increasing, leading to expansions in their personal purchases. IBIS World found that this expansion in disposable income has increased online purchase quantity and quality. Although many e-commerce startups have saturated the market, you will experience low barriers to entering this market. You can also customize your products and services to set yourself apart from your competition.
Medical Services
Healthcare has experienced a consistent increase in demand. As the baby boomer generation ages, these individuals need more and more medical attention and care. Therefore, if you have medical training, your skills will be in high demand. Many medical professionals, such as physical therapists, have independent offices, while others provide in-home care. Physicians are also moving away from hospital employment and opening independent clinics.
Personal Care Services
The service industry has expanded rapidly, and those with a service mindset have capitalized on this growth. You may have noticed that the number of beauty shops, tattoo parlors, and massage therapy businesses has increased significantly. Even wedding or event planning has grown. If you are service-oriented, you have a great opportunity for business success. The key will be customization and exceptional service. The Small Business Administration also funds more service companies than product companies, so you have financing options.
Technology
The 1990s saw so many technology startups that it seemed as if every day a new company was born. However, even after the .com bubble burst, investors and entrepreneurs are still starting information technology companies. Today’s IT market is slightly different, however. Individuals, businesses, and governments are looking for safe, effective, secure internet options. They also want innovations that save them time and money, so automation and machine learning have expanded rapidly. Programmers are in high demand, as are systems analysts, and companies that provide innovative, cutting-edge technology and protection are experiencing unprecedented success.
If you are investigating potential startups, consider investigating industries that have positive future outlooks. Exploit your skills and knowledge to gain independence and make a difference.
Get in touch with one of our friendly team members to set up a business analysis at no cost to you. We’ll spend time learning more about you and your business goals so we can make an adequate recommendation for a commercial finance solution that fits your needs.
Are you looking for financing options for your business? If so, Synergy Commercial Funding is ready to help. We offer a wide range of commercial finance services to help businesses of all sizes achieve their objectives, whether it’s purchasing new equipment or purchasing a new commercial property.
Interested in creating a second line of income just by talking with your existing network? Want to help the economy grow by helping businesses around you grow? Think about becoming a Synergy Commercial Funding Partner. Visit our "Referral & Broker Program" to learn more.