Post by account_disabled on Mar 6, 2024 4:19:45 GMT
When you're considering starting your own business, one of the first questions you should ask yourself is: Does my company meet a real need in the market? Being successful as an entrepreneur requires bringing solutions to the market. Many of the startups today are really just solutions in search of a problem.
For aspiring entrepreneurs, Inc.'s 2020 Best Industries report serves as a roadmap to finding the most promising opportunities. This is a list of the best industries to start a business.
Each year, the report's creators speak with Chile Mobile Number List industry experts and we analyze the latest data to identify areas of the economy that are ripe for new entrants.
Clean water services
No one can ignore the security of our most precious natural resource: water. Managing and monitoring drinking water quality is a significant opportunity for entrepreneurs who can protect public health by providing solutions at scale. Companies in this sector are also working on the development of new sources of drinking water.
Why it's growing: The water crisis in Flint, Michigan, has raised awareness about the harmful effects of contaminants, making water filtration a major issue for consumers and businesses across the United States.
Barriers to Entry: Building systems that connect water testing hardware and software can require significant investment.
The downside: Companies working on clean water initiatives have not been popular investment targets for venture capitalists.
Competition: Xylem and Danaher are public companies with multiple brands in the clean water sector. Zero Mass Water, backed by Bill Gates' Breakthrough Energy Ventures, created a $2,000 solar panel that extracts drinking water from the air.
Forecast: Investment in U.S. companies addressing declining water quality has grown 25 percent to $50.7 million over the past five years, according to data and research company PitchBook.
Water. 4 responsible businesses to invest in 2020
Gender neutral self-care
Gone are the days when personal care products were classified as “beauty” for women and “grooming” for men. A growing group of startups are now making moisturizers, deodorants, shampoos, fragrances and other products that lead with their ingredient lists and don't target a particular gender.
Why it's growing: Many consumers, especially younger ones, reject traditional gender products in favor of non-binary options. More men are also adopting skin care regimens and following other wellness trends.
Barriers to entry:
It's easier than ever to develop a product and start selling it online, says Larissa Jensen, vice president and beauty industry advisor at market research firm NPD Group. Customers are willing to try new things and are not loyal to established brands. But with so many companies in the industry, you'll have to do more to stand out.
For aspiring entrepreneurs, Inc.'s 2020 Best Industries report serves as a roadmap to finding the most promising opportunities. This is a list of the best industries to start a business.
Each year, the report's creators speak with Chile Mobile Number List industry experts and we analyze the latest data to identify areas of the economy that are ripe for new entrants.
Clean water services
No one can ignore the security of our most precious natural resource: water. Managing and monitoring drinking water quality is a significant opportunity for entrepreneurs who can protect public health by providing solutions at scale. Companies in this sector are also working on the development of new sources of drinking water.
Why it's growing: The water crisis in Flint, Michigan, has raised awareness about the harmful effects of contaminants, making water filtration a major issue for consumers and businesses across the United States.
Barriers to Entry: Building systems that connect water testing hardware and software can require significant investment.
The downside: Companies working on clean water initiatives have not been popular investment targets for venture capitalists.
Competition: Xylem and Danaher are public companies with multiple brands in the clean water sector. Zero Mass Water, backed by Bill Gates' Breakthrough Energy Ventures, created a $2,000 solar panel that extracts drinking water from the air.
Forecast: Investment in U.S. companies addressing declining water quality has grown 25 percent to $50.7 million over the past five years, according to data and research company PitchBook.
Water. 4 responsible businesses to invest in 2020
Gender neutral self-care
Gone are the days when personal care products were classified as “beauty” for women and “grooming” for men. A growing group of startups are now making moisturizers, deodorants, shampoos, fragrances and other products that lead with their ingredient lists and don't target a particular gender.
Why it's growing: Many consumers, especially younger ones, reject traditional gender products in favor of non-binary options. More men are also adopting skin care regimens and following other wellness trends.
Barriers to entry:
It's easier than ever to develop a product and start selling it online, says Larissa Jensen, vice president and beauty industry advisor at market research firm NPD Group. Customers are willing to try new things and are not loyal to established brands. But with so many companies in the industry, you'll have to do more to stand out.