According to the Global Entrepreneurship Monitor survey, in 2013, 25 million people took on the entrepreneurial challenge and went into business for themselves. If you’ve always wanted to start your own company, but didn’t know exactly what kind of business you wanted to venture into, there are several that are reportedly the top choices for 2015.
Reference the top four industries for entrepreneurs this year as a guide, and meet Black Enterprise, Steve Harvey, Angel Investor Rodney Sampson, Celebrity Hairstylist and Entrepreneur Kim Kimble, and a slew of other dynamic businessmen and women at the Entrepreneurs Summit next week, May 13-16, in Atlanta, Georgia.
Home Builders and Residential Construction
Construction-related industries are expected to see the greatest rise in 2015. “Building material dealers, home center and hardware stores, and residential real estate developers, for example, are projected to see double-digit CAGR growth rates through 2018,” according to Hoovers. It is suggested that aspiring entrepreneurs look into a specialty in roofing, plumbing and electrical.
Due to the aging baby boomers who don’t have public transportation access, businesses that deliver food, medication, groceries, laundry and other necessities will likely see a pickup in service. Hoovers reports, “Additionally, companies that specialize in home healthcare services could witness higher growth due to the aging population and expanded insurance coverage, courtesy of the federal government.”
“Oil and gas well drilling and services, solar and wind power, and biofuels led the way in energy,” Hoovers reveals. Alternative energy scored the greatest number of industries in the 8-11% growth range, while the solar industry lead the way. The US solar industry added more than 23,000 people in 2013, increasing employment 20% than the previous year.
Baby boomers are also stimulating the financial planning and money managing sectors. With more of the population approaching retirement, the demand for retirement and pension, hedge fund, mutual fund, and asset experts will only increase.
The Black Enterprise Entrepreneurs Summit hosted by Nationwide is set for May 13—16, 2015 at the Hyatt Regency Atlanta. Expect innovative sessions, high-powered speakers, and an early peek at the products, trends, and services you’ll need to stay ahead of the curve. To register and find out more, visit dev.blackenterprise.com/es/. Join us at the Entrepreneurs Summit, Where Innovation and Capital Meet.