With the chances of finding a job fairly slim, people are certainly thinking about starting -- or even buying -- a business. But, which industry to go into?
It's a tough decision. Yet, there are still opportunities. To get some insight on this, I had a chance to talk to Toon van Beeck, who is the senior analyst with IBISWorld. Let's take a look:
Education: Many industries are going through tremendous change. So, in order to compete effectively, employees need special skills.
Parents realize this but do not have the cash to spend on high-end education and tutoring. But there is an alternative: online tutoring.
With open source technologies, it's easier to setup this kind of business. You can also accept payment using PayPal. At the same time, many college graduates -- who would be excellent tutors -- want some extra money, right?
Vocational Rehabilitation Services: With millions and millions out of work, there will be a need for career services. This includes such things as retraining, counseling, and resume consulting. In fact, the federal government has programs to facilitate these services.
Repair: I recently talked to the CEO of an online advertising company. He said that searches for "repair" work have surged.
In other words, consumers are deferring major purchases. And this means they will need to extend the life of what they already own, such as their cars.
As a result, expect repair services companies to grow over the next few years.
Elderly and Disabled Services: It's become a cliché; that is, the baby boomers are getting older and, as a result, there will be a major shift in consumer patterns. No doubt, following the baby boomers has been a successful strategy over the decades. Why would this time be any different now?
According to IBISWorld, there is likely to be rising demand for medical equipment/products, renovations of facilities, and assisted living facilities/services. Plus, there will likely be lots of federal government support in these areas.
Tom Taulli is the author of various books, including The Complete M&A Handbook, and the founder of BizEquity, a free online business valuation tool for small businesses. You can reach him at his personal blog.











Reader Comments (Page 1 of 1)
6-22-2009 @ 9:50AM
david robinson said...
Try going into business where I live. Before you can even hope to get a permit for whatever business you decide on. Oh, I nearly forgot, there's a fee involved with the permit. There's a very good chance you'll have to obtain a certification, and pay a fee for that priviledge. If you want to rent building space. You will be subject to pay an impact fee that gould be as high as ten thousand dollars. Will your new business have any vehicles? Registrations for such things just went up 35%. How about tools and equipment, including vehicles? Every year you'll be paying a personal property business tax on all of it. Want to do business in more than one county? You'll have to be certified and permitted in every county that you work in. WANT TO START A NEW BUSINESS IN A VERY UNFRIENDLY PLACE? YOU'D BETTER HAVE AT A MINIMUM, ONE HALF TO THREE QUARTERS OF A MILLION DOLLARS. AND EVEN THEN THERE'S NO GUARANTEE THAT YOU WILL SURVIVE. WHERE DO I LIVE? I UNFORTUNATELY LIVE IN FLORIDA. FROM WHAT I UNDERSTAND, FLORIDA HAS MORE BUSINESSES THAT FAIL THAN IN ANY OTHER STATE. WONDER WHY??? Small business, what's that?
6-22-2009 @ 7:41PM
Martin said...
I am just starting up this web site called EmployersJobPostings.com the reason I have done so is because I was so discouraged from other web sites promising a way to find work in this country. I was always prompted to Do the Obama plan and go to school, well I need to pay the bills and provide for my children and wife before i do the vacation from paying my bills Idealoligy cray thanks but no thank Obama. So here I am starting a web site thet defies all the other websites I hope to have it up and running next week.
EmployerJobPostings.com is a free website for those looking for a job, the cost is to the Employers that wish to post a job for a $20.00 per add fee for two weeks. I beleave it is simple, cheap, and makes sense not like other websites that charge reacurring fees and and other deterants from searching for a simple job search. stop by next week and jion and search for work.
Thanks for reading and good luck in finding work
Martin
7-02-2009 @ 2:17PM
Gunnar said...
AS LONG AS WE HAVE THIS JOKER AND HIS LARGE GROUP OF CLOWNS RUNNING THIS COUNTRY NO WILL EVER START A SMALL BUSINESS AND IF THEY ARE LUCKY ENOUGH TO START ONE THEY WILL BE TAXED INTO OBLIVION!!
GUNN
7-14-2009 @ 11:22AM
Bruce Christy said...
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8-05-2009 @ 11:21AM
rgouge said...
Seems to me that Tom missed one HUGE business opportunity - The Internet! If you truly want to start your own business and are serious about making a living at it you need to consider using the Internet. With very few exceptions, anything you can think of that could be considered, a hobby, passtime, job or just an enjoyable activity can be turned into a money making web site. Prior to starting our Internet based e-business one year ago we did a huge volume of research. We found very few worthwhile companies but we did find a company out of Canada that does business worldwide. The thing we noticed about them, that we hadn't seen anywhere else, was that they provided everything needed to build a web site properly, get it found on the World Wide Web and drive high volume traffic to it on a consistent basis. It has been just over one year since starting our e-business and for the past 90 days our web site has been ranked in the top 1% of the entire world wide web. If you want an e-business, they will provide everything you need to do it yourself.Check them out for yourself at http://www.sitesell.com/erudition.html
8-07-2009 @ 1:21PM
Martin said...
Jim,
Up Date! WOW On www EmployerJobPostings.Com Since Launching two weeks ago, We Have now over 4,000 Job Seeker's & 400 Job Postings. That is 10%, We are A FREE Web Site, We Are Supported By Corporate Sponsers. Thinking about a Employer looking to post a job. I think as a Bussines Owner and why would I pay for a Job Posting on a jobbing 0r carreer dot com. When A Employer or Personel Employment Agency or Head Hunter Post a Job or more on EmployerJobPostings.Com for absoluty FREE, Fast and Easy, No Hassles, No Credit Card, No personal Information, Very Basic Sign up. Don't pay the high priced adds, when you find the american unemployed right here for free.
Martin
Putting Americans Back To Work,
Sponser Us and Help The Jobless Find Employment Many Business and Fellow Americans and People like You and Becoming a Member of EmployerJobPostings.Com Sponsorship Membership.