Top industry to make money

Small-business financial solutions company Fundera analyzed data from the Bureau of Labor Statistics, market research firms and investment firms to find. Technology, unsurprisingly, comes out on top. Tech companies outperformed other industries «across the board» in Fundera’s analysis. Health and energy place second and third in the ranking, respectively. The health industry secures nearly a quarter of total venture capital investments, and the energy sector is poised to see revenues grow more than 8 percent over the next decade, according to the report. If you’re planning to start a new business, or to join one that’s expected to flourish, here are the top 10 booming industries.

10. Transportation

For career and life, this. Subscribe now to this. Curious about this. Find out more. Are you hoping to earn a big salary? But some industries simply pay better than others. If money makes your world go round, are you in the right industry? The top five highest paying industries, according to Seek, are:. Consultants communicate and collaborate with clients in private sector businesses, governments, not for profits and professional associations. They prepare deliverables including business cases, project plans and change management plans. Consultants can be called in to assist at any of those points. Chamberlain says. Consulting and strategy appeals to those interested in thinking deeply and solving problems. Do you see yourself in any of the below points? If yes, consulting and strategy might be for you. But on the flipside, this work often comes with long hours and sometimes working far from home. Imagining yourself as a strategy consultant? Consider studying business at Deakin. Engineers can specialise in areas including civil, mechanical, environmental, electrical and frontier materials. Since most engineering problems are multidisciplinary in nature, having someone who has seen similar projects through to completion and thus tying the loose ends together is very important. Gibson warns. The type of engineering you choose will depend on the skills required — so Prof. In addition, Prof. Gibson believes understanding business and entrepreneurship can be important for successful engineers. After getting their first break into the industry, engineers often find the job market relatively stable, Prof.

Some unusual sectors hold tremendous potential for entrepreneurs.

To launch a successful business, you need a good idea and the boldness to act on it. While all first-time entrepreneurs have their work cut out for them, anyone who can identify industries uniquely positioned for growth has a clear advantage. That’s where Inc. Each year, we crunch the latest data and speak with industry experts to determine the sectors that are most likely to take off. Read on to see which industries are home to tomorrow’s fastest-growing startups. A revolution in urban transportation is creating an opportunity for startups that make electric-powered bikes, scooters, and skateboards. With more than 60 percent of the world’s population expected to live in urban areas by up from 55 percent in , according to the United Nations Department of Economic and Social Affairs—micromobility products will gain popularity as an alternative to traditional ground transportation and mass transit. Skills needed: Micromobility entrepreneurs will need to be up to date on the latest technological advances in small-battery manufacturing, while companies offering fleets of transportation devices will have to build software to track them, and to manage a subscription service. Barriers to entry: Building micromobility devices at scale will require a significant capital investment. The downside: E-scooters and e-bikes are illegal in some states, while regulations governing their use have yet to be established in others. In both cases, proposals to address the vehicles’ legal status are on the way. Major players: E-scooter giants including Bird and Lime both have fleets in more than cities. No longer just a form of entertainment, video games and other software applications can now be used to treat a host of medical conditions, with some even requiring a prescription from a physician. For startups, this new category of medicine is an opportunity to create therapies that reduce patients’ reliance on pharmaceuticals. Why it’s hot: Digital therapeutics can address unmet medical needs across a wide range of conditions. Products on the market or in development include software programs to improve asthma and COPD, serve as an adjunct to outpatient treatment for substance abuse, and treat pediatric ADHD and depression. Skills needed: Startups will need to be able to create software products ranging from mobile apps to interactive digital games and to navigate the U. Barriers to entry: Getting through U. Food and Drug Administration testing to show efficacy represents a significant hurdle for startups. The downside: While physicians may prescribe digital therapeutics, it remains to be seen whether insurers will cover these treatments. There is also uncertainty about how to price digital therapy products. Growth: The U. There is already a strong demand in the U. Companies offering CBD products have a tremendous opportunity, as proponents of CBD claim the substance offers anti-anxiety, anti-inflammatory, and pain-relieving effects.

15 Jobs That Can Make You a Millionaire

1. Blogging

Successful startups are difficult to achieve, so how do we improve the odds of getting traction and picking the right industry to launch a business in, one that won’t be overtaken by robots unless the startup maake about building robots or one that won’t require a major pivot? Well, help just arrived in the form of a new report from small business financial solutions company Fundera. Note that these aren’t the biggest industries, just the fastest jndustry, most lucrative ones. The list which follows includes industries with forecasted growth rates between and percent and a projected year stock growth rate between indjstry and percent. The mwke points out that the real estate tpp has been slow to innovate, which means it’s poised for disruptors to arrive on the scene. The bulk of the growth closely linked to construction, which also made this list will come from agents people or mechanizedproperty managers, property rentals, moneg other people and companies providing related services. You won’t be competing with me in this industry anytime soon, as Inrustry still don’t inxustry what the hell cryptocurrency maie. That said, smarter cats will prevail by launching startups to partner with or compete with financial institutions like banks amke brokerages—something that is already happening with new companies like OnDeck and Fundera. It has created more forward-thinking hoteliers ready to partner with startups that can help them compete in the new world or creates the opportunity for a new business to compete directly with Airbnb and VRBO. The opportunity lies within construction technology to enable more efficient building and in the field of residential construction. A McKinsey study predicts that bya third of the world’s urban population will struggle to get safe, secure housing, opening up an unprecedented opportunity for efficient, affordable housing options. The report indicates the key here top industry to make money to create businesses that successfully combine online with brick and mortar selling. Perhaps no other industry is changing faster than the media industry think what Netflix, Hulu and other streaming services are doing to traditional TV. Within this, video gaming and virtual reality are also seeing explosive growth. I can personally attest to the justification of this as playing Adventure on my Atari is about 10, clicks down from losing all sense of time and reality while playing the hyper-realistic Call of Duty: Modern Warfare. The point is, good business to be in in some form. This industry has three built-in advantages: calls for more sustainability and efficiency, public policy issues, and increases in demand with population growth. This should give you energy for the energy industry. Look in the dictionary under diversified and opportunity and you’ll see the health industry. Number one with a futuristic, advanced bullet is technology, probably to no one’s surprise. Like this column? Sign up to subscribe to email alerts and you’ll never miss a post.