Entrepreneurship opportunities for aspiring business leaders
A Study of the local or the global market is necessary as entrepreneurship opportunities will be different in various markets.
Which industry looks the most promising in terms of entrepreneurship opportunities? After all, every startup will like to explore his passion in his niche environment and expertise, isn’t it? Well, let’s stick to hard facts then.
Entrepreneurship opportunities in thriving industries
E-retail startups are expanding, recruiting, and providing huge increments to the best performers in the industry. In India, the e-commerce industry is growing incredibly. Some of the Indian e-commerce startups are offering 50 plus percent annual increments to their best employees. The Executive Director of the Center for Entrepreneurship, Doug Neal discusses strategies for identifying opportunities for entrepreneurs.
Taking advantage of entrepreneurship opportunities is the way forward for entrepreneurial success
You can find interesting entrepreneurship opportunities in the Fantasy Sports service industry as well. The Fantasy Sports service industry has grown by 7.7 percent in 2014. FanDuel, a dominant player in the industry, may soon overtake ESPN and Yahoo. It is just 5 years old company and already worth more than $1 billion.
Food e-commerce is going to be another appealing sector. This is a trillion-dollar industry in the United States. Have you heard of Blue Apron? Blue Apron is the biggest player in this sector. It started its operation in 2012 and the company is already worth $500 million.
There are lots of stories like this to share. But, let’s sum this up. Here are the top sectors to look out for entrepreneurship opportunities in 2015 and probably in the coming years.
Top entrepreneurship opportunities
Internet and Data Service: You will certainly have lots of business opportunities in this sector, as our dependence on e-commerce has increased. The growth in mobile technology is going to keep this business segment alive for the next several years.
E-commerce: You can become an affiliate marketer or sell your own products online.
The Food E-commerce Sector: Startups should track this sector for attractive entrepreneurship opportunities. You will see a huge transformation and growth in this industry in the coming years, because of lots of expansion opportunities.
Relaxation beverages: The industry revenue will grow by 12 percent in the next five years.
Mobile CRM Software Development: A 2014 mobile report shows that half of the CRM users like to access the system on their smartphones or tablets. This gives a tremendous opportunity for startups to learn business strategies to excel in the sector.
The sector offers entrepreneurship opportunity to web software developers and professionals with IT skills. This shows the IT industry will become one of the leading beneficiaries.
Content Marketing: Huge entrepreneurship opportunities are lurking in this industry. We refer to this study that says 70 percent of the B2B marketers are aiming at creating more content and content marketing than a year ago. The study also reveals that brand awareness campaigns and content marketing trends have improved by 43 percent in the last year in North America.
Finding prospective entrepreneurship opportunities
Networking is perhaps the best answer to finding prospective entrepreneurship opportunities. You will also require knowledge of the economy since opportunities in the global markets will be different at various times. Study the local market or the global market if you wish to start an e-commerce business.
You should study the past industry trends and understand their growth pattern and entrepreneurship opportunities. Also, follow online platforms like FT.com for recent updates and inspiration.
Nii Ashalley
Nii Ashalley is the inspirational voice at The Business Frontal. His uplifting quotes, dubbed "Ashalleyistics", have encouraged many entrepreneurs, start-ups and leaders to achieve their maximum potential. He is a seasoned counselor, a life and business coach and an author of many call to action business articles.