As an entrepreneur, you will have already made a few risky decisions – some that have paid off, and some that have not. For business owners that are looking for new ventures that guarantee stability though, read on to see which sectors are in demand and sustainable long-term.
The tech revolution is well underway and in full swing, but with advancements in technology comes associated risks. These risks exist especially within cyberspace. The protection of information is crucial in this day and age, which is why regulations have been established to protect both the public and the organizations storing data. Data leaks, email threats, cyber crime and malware all present a colossal threat to operating businesses globally. Luckily, there are security specialists and professionals who specialize in cyber security, offering a solution to most businesses’ IT needs.
A start-up company of cyber professionals who can consult and provide outsourced services is a literal goldmine currently. Of course, this highly-skilled arena comes with a hefty price tag, which is why IT security consultants can afford to charge high rates.
Hiring employees with a degree in cybersecurity is not cheap, so careful consideration and planning should go into this business opportunity. Even if you currently own a business, you should have an IT expert that guards your data for a living. If not, consider upskilling them by enrolling them for a cybersecurity bachelor’s degree.
Keeping within the tech space, the most sought-after profession is software development. Because the industry is currently booming, the demand for software engineers is unprecedented. It is a great time to be studying or working as a software developer. The demand for good coding professionals continues to grow at an alarming rate which makes investing in this type of company a great financial idea. Investing in or starting up a software company right now will provide great returns in a short period of time.
Nutrition and Health
The health, wellness and fitness market growth has been steadily accelerating over the last decade because of a mental shift towards health and fitness across the globe. People are starting to realize the benefits of being fit and healthy and are taking it seriously.
With the focus on sustainability, the raw and whole food market is a trend not to be ignored, as well as the rise of vegetarianism and veganism. Investing in plant-based materials and food is a relatively stable investment and is earmarked to grow exponentially over the next few years.
Fitness tracking gear is also a good money-maker with the rise of wrist-worn garments which are in high demand with the fitness fanatics or health conscious consumers. You can’t go wrong in this sector.
Baby Tech Products
Keeping within the tech theme, the need for technology for parents or parents-to-be is surmounting. Fertility trackers, baby monitors and breast-feeding equipment are all in demand globally. As the children grow, their needs change and so do the tech requirements for parents raising them. GPS or location enabled wrist watches or software to track their online security and privacy are all best-sellers currently. You only need to tap into this industry by speaking to a parent or two, to realize the potential a kid-focused business creates.
If you are looking for a good investment opportunity, these four suggestions should get you started.