Home Advertise Contact Blog Advertiser Login RSS
Newsletter Signup

Buy A Business Opportunity of Franchise
Home-Based Businesses
Choosing a Business Opportunity Growth and Profit Marketing and Sales
Plans and Goals Running Your Own Business Start-Up
Working From Home Entrepreneur Exchange Feature Articles
Opportunity Community Opportunity Focus In The News
Come Read Our Featured Articles About Business Opportunities, Franchising, Business Opportunity News and More
Are into healthy living? Do you have an entrepreneurial spirit? If so, you should read about this skincare, beauty and hair care product business opportunity. A company that is pioneering the...
Did you know that you can operate your own business that helps mid to large sized companies with their energy efficiency? Yes you can with this clean technology (cleantech) energy management...
Are you into healthy living? Do you have an interest in working for yourself? Well then, you should check out this nutrition and wellness product business opportunity that enables you to be a top-selling health...

Sponsors

STARSCAPES®
Imagine making up to $500 to $1,800 a day! Call or click now see how you can get your business for FREE! (602) 679-0257
Promotional Products Home Business
Run Your Own Business. Be Your Own Boss. Earn Great Profit Potential. Start At A Low Cost. Try It For Free!
I-insureme
$$$ BUILD HUGE INCOME SELLING SOMETHING EVERYONE MUST HAVE $$$ Call our 24-hour message line at 301-276-5575 now!
CTFO
TAKE A FREE POSITION NOW WITH CTFO SELLING CBD HEMP OIL! Join The Hottest Wellness Trend & Next Billion Dollar Industry.
TheIncomeTaxSchool.com
Earn up to $100 per hour, this is NOT a Franchise, No Franchise Fees or Royalties work Full or Part-time 1-800-984-1040.
NUMedia
NEW OPPORTUNITY JUST LAUNCHED! Try it before you buy it! Click To Get Your 15-Day FREE Trial! Daily payouts no waiting!
How Many Leads Does It Take To Close A Sale?
This article is now live on our blog and I know could be very insightful for many. Read On
It Takes a Hot Voicemail to Land a Warm Lead
If you're a successful entrepreneur who provides others like you the chance to follow in your footsteps... Read On
 
Resource Center > Article
Last Year's Fastest and Slowest Industries for Growth Provide Some Perspective
10 Apr 13 Posted by: Kathleen C Lanza
in Featured Articles
Share this Article:

A recent analysis looking at which small-business industries grew in 2012 and which ones contracted sheds light on where some of the greatest home-based and other business opportunities may lie for entrepreneurs in the foreseeable future. Spearheaded by financial-information company Sageworks for Entrepreneur.com, the study examined the percentage change in annual sales among U.S. companies with $10 million or less in annual sales.

As for fast growth, here is what it found:

Fastest-Growing Small Business Industries 2012

1. Residential building construction (14.77%)

2. Building custom software and servers for businesses (14.29%)

3. Machinery, equipment and supplies to merchant wholesalers (13.75%)

4. Management, scientific and technical consulting services (12.31%)

5. Architectural, engineering and related services (11.4%)

6. Foundation, structure and building exterior contractors (11.37%)

7. Building finishing contractors (additions, alterations, maintenance and repairs) (11.32 %)

8. General freight trucking (10.41%)

9. Building and dwelling services (e.g., pest exterminators, janitorial services, landscaping, etc.) (10.11%)

10. Other specialty trade contractors, including site preparation and other trades (10.04%)

Slow Growth IS NOT "No Growth"...Not by a Long Shot!

Keep in mind that extenuating factors can and do come into play when examining the study’s findings, especially in the so-called “slow growth” industries like healthcare and long-term care, where there may be fairly inelastic demand for products and services, reimbursement rates affected by current fiscal constraints and somewhat limited access to data. Slow growth is not “no growth”—far from it in fact—and should not be interpreted to mean that there is little to no opportunity in a given industry for entrepreneurs to make an impact and become hugely successful.

Quite the contrary...

Now that the economy is improving, there is little doubt that small-business opportunity in even the slowest-growth industries for 2012 as delineated here will be considerable over the course of the next decade and beyond. Sure, examining past industry growth is part of any smart entrepreneur’s initial research when it comes to starting a small business, but it’s far from the whole story. Future prospects are every bit if not more crucial. Marketplace trends, changing demographics, emerging technologies and careful examination of what industries may fuel others as they thrive are also considerations that must be made when launching any small-business venture, among many others.

Keeping that caveat in mind when reviewing this next list is very important because it is obvious upon closer examination that consumers will continue to want and desperately need many of these products and services in the near future, making the whole concept of growth a relative one…

Slowest-Growing Small Business Industries 2012

1. Skilled nursing care facilities (-3.29%)

2. Printing and related support activities (1.86%)

3. Automotive repair and maintenance (2.81%)

4. Offices of physicians (3%)

5. Highway, street and bridge construction (4.24%)

6. Insurance agencies, brokerages and other insurance-related activities (4.32%)

7. Lessors of real estate (5.07%)

8. Other miscellaneous manufacturing, including jewelry and silverware, sporting and athletic goods, dolls, toys and games, office supplies other than paper, and signs (5.55%)

9. Offices of health practitioners other than physicians and dentists, including chiropractors, optometrists, mental health practitioners, speech and occupational therapists (5.98%)

10. Other amusement and recreation services, including bowling centers, golf courses and recreational centers (6.03%)

For more information on the Sageworks analysis and its findings, go to Entrepreneur.com now! And for more information on what the hottest industries are right now, we recommend the you take a look at these articles on the subject...

Hot Small Business Trends 2013

Work-at-Home Top Industries

Inc.com's Best Startup Industries

Best Business Opportunities

15 Great Business Opportunity Trends

Top Franchise Opportunities

Tell us what you think! When it comes to business opportunity in 2013 and for the foreseeable future, what industries do you think hold the most promise? If you’re thinking about starting or have recently started your own home-based or other small business, what criteria did you find helpful in evaluating the marketplace and making your decision?

 

Related Blog Posts
20 Jun 18 Posted by: Todd Hatch
in Featured Articles
Are into healthy living? Do you have an entrepreneurial spirit? If so, you should read about this skincare, beauty and hair care product business opportunity. A company that is pioneering the...
11 Jun 18 Posted by: Todd Hatch
in Featured Articles
Did you know that you can operate your own business that helps mid to large sized companies with their energy efficiency? Yes you can with this clean technology (cleantech) energy management...
7 Jun 18 Posted by: Todd Hatch
in Featured Articles
Are you into healthy living? Do you have an interest in working for yourself? Well then, you should check out this nutrition and wellness product business opportunity that enables you to be a top-selling health...
4 Jun 18 Posted by: Todd Hatch
in Featured Articles
At BusinessOpportunity.com, we have many financial services business options, including a home and commercial property financing business opportunity. As...
30 May 18 Posted by: Todd Hatch
in Featured Articles
There’s no question, technology is the way of the future. Advances in medical technology not only deliver safer and better results to patients, but these medical technology advances also create jobs as well as business opportunities for entrepreneurs.  
 
   
Entrepreneur's Source for Everything Business Opportunity and Franchise Related

I had the pleasure of chatting with Shawn Pigg, CEO of Hotels Etc. for BusinessOpportunity.com's Podcast series that will be released very soon on our new Digital Platform.  Here is the transcript from that call for our regular RSS feed subscribers who get all of our posts first.

If you would...
Read More


Premium Sponsor