It's 2014 - What Are The Business Trends?
Each year, I take the opportunity to look to the experts to see where they feel there will be new growth/new opportunities. While the executive search industry is considered to be a leading economic indicator, each firm's micro-view only tells part of the story. There are numerous websites that provide this future-focused information. These include (to name a few):
The best list I found this year regarding 2014 business trends comes from Business News Daily™ - specifically from their article titled, "14 Best New Business Ideas for 2014." Here is a preview . . . . it is worth going to the article for details to truly understand what will be 'hot' for the coming year (and beyond).
If you look to the past regarding other lists from previous years, you will see long-term trends start to appear - and see that these lists need to be looked at in a long-term manner, realizing that the impacts of these businesses are truly multi-year and interactive in nature. Here are some of 2014's likely growth sectors/ideas:
- Recycling Pickup - the focus will be electronics and batteries (so far very neglected)
- Software Trainer - training others in software in which you are proficient
- Healthcare Consulting - management and data analysis for business and individuals
- Food Truck - revenue is projected to be $2.7 billion by 2017 (no suggestion that you become a driver or chef; think supply chain, etc.)
- Freelancing - companies are turning to freelance and contract workers to fill skill gaps
- Mobile Consulting - mobile is now NON-negotiable; be where your customers are - it is a competitive advantage
- Translator - demand for interpreters and translators is growing in both government and business
- Employee-Monitoring Services - services to track employee hours for billing and payroll services (especially for remote/non-office employees)
- Travelling Salon - think seniors and their need for services (senior services has truly been a multi-year trend to track - and enter as a business)
- Vending-Machine Business - time-constrained and health-conscious people are looking for alternatives to pop and chips
- Smartphone Repair - a broken screen no longer means the need for a new phone
- Contracting - there is a growing shortage and increasing need for electricians, roofers, etc. as the economy continues to slowly improve
- Testing Services - for BEFORE websites and business applications go 'live'!
- Business Services - companies have cut staff, but still need services as the economy improves
What does this mean for you as a business owner, entrepreneur or job seeker? Let me answer by ending with a quote from Will Rogers regarding taking action:
- Even if you think you are on the right track, you’ll get run over if you just sit there.