18 Top Industries in Which to Start a Business

18 Top Industries in Which to Start a Business - http://www.inc.com Avatar Posted by ShawnHessinger under Startups
From http://www.inc.com 4198 days ago
Made Hot by: aliciatrinidad on October 15, 2009 12:27 pm
Some of the 18 top industries in which to start a business from Inc.com may include sectors that might not instantly come to mind. They might also be topics a perspective entrepreneur might not immediately consider when thinking of the best business to start. Follow the slide show for a closeup look at each and consider whether the talents or resources you can bring together are a natural fit for any of these.





Comments


Written by ethan
4196 days ago

Shawn,

I will definitely agree with you on the chocolate industry. I have read a few stories now about chocolatiers who have established themselves in small areas and larger cities alike and have been able to make a viable living, tens of millions even, on their confections. Chocolate is much like wine in a sense. Both are hugely popular items, yet new sellers/makers will always be welcomed into the marketplace because such a wide array of nuances, styles, etc. are available and often embraced.

(I think I kind of ate my words on the alcohol part of my previous comment...for some reason my mind was wander into the soft-drink arena having just watched the most recent episode of Shark Tank...)



Written by ShawnHessinger
4196 days ago

Ethan,

One exception here in the candy department is in the world of chocolate. I have no idea if the same goes for other parts of the country or the world, but in eastern Pennsylvania the small chocolatier, basically a person who makes confectionaries out of chocolate, can become a viable small business operator with considerable independence. I can think of one small city in Pennsylvania in particular where several of these small businesses operate quite successfully usually as single proprietorships with perhaps a choclatier working alone or with a handful of other employees. Than there are the slightly larger brands that might employ several choclatiers, sales people and have somewhat more area in terms of a shop front. All are far lower on the food chain than giants like, say, Hershey, but all seem viable business models. I am not certain what the investment requirement is for such an operation but know it is a business that relies mainly on the skill and training of the chocolatier. Another thing to consider in the wine/beer/liquor sector is the small specialty wine label and microbrewery revolution which have substantailly challenged the giants in the market in recent years.



Written by ethan
4196 days ago

Shawn - they certainly are broad! Lots of room to find a point of entry and establish a niche small business.

While many of these have room for new businesses, many of these also pose quite a risk. The main one that comes to mind is the candy and wine/beer/liquor suggestions. These industries are more or less controlled by a few giants. That does not totally rule out the possibility of getting in on the action, but it does require a bit of thought and certainty in a new product or service looking to break in.



Written by ShawnHessinger
4198 days ago

Right. And the interesting thing to me is that a lot of these industries are pretty broad and could accommodate many different kinds of businesses.



Written by lyceum
4198 days ago

The self-help improved field "is expected to grow 6.2 percent annually."



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