“A rising tide lifts all boats.”
For anyone stuck on what industry to go with, here’s a list of fast growth ones.
Fastest-Growth Industries for U.S. Small Businesses in 2012
- Residential building construction: 14.77 percent
- Building custom software and servers for businesses: 14.29 percent
- Machinery, equipment, and supplies merchant wholesalers: 13.75 percent
- Management, scientific, and technical consulting services: 12.31 percent
- Architectural, engineering, and related services: 11.40 percent
- Foundation, structure, and building exterior contractors: 11.37 percent
- Building finishing contractors who make additions, alterations, maintenance and repairs: 11.32 percent
- General freight trucking: 10.41 percent
- Services to buildings and dwellings, including pest exterminators, janitorial services, and landscaping: 10.11 percent
- Other specialty trade contractors, including site preparation activities and other specialized trades: 10.04 percent
Thanks this should help out along with the post of upcoming trends.
I considered janitorial services as I was a regional VP for a large janitorial services company.
Bob Norton of GCA Services did what I would do.
He started in 2003—he built the company up to $7 or $800 million in annual sales in 10 years than sold it. Nice.
That industry is ripe for roll ups.
Thanks for sharing. I would have thought medical industries or nursing home would be part of the upcoming trends. What are your thoughts?