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Top Industries For Starting a Business 2019

If you want to start your own business, you should know that there are many industries that considered more useful industries. So, we will discuss with you in this article Top ten industries that will help you in starting a business.

Top Industries For Starting a Business

Real Estate

It is the property, land, buildings, air rights above the land and underground rights below the land. The term real estate means real, or physical, property. The U.S. Constitution initially restricted voting rights to only owners of real estate. Real Estate sub-industries:

  • Online brokerages.
  • online design services.
  • and real estate tech.

Finance

It involves managing assets, liabilities, revenues, and debts for a business. Personal finance defines all financial decisions and activities of an individual or household, including budgeting, insurance, mortgage planning, savings, and retirement planning. Finance sub-industries:

  • Fintech.
  • cryptocurrency.

Hospitality

It refers to the relationship between a guest and a host, wherein the host receives the guest with goodwill, including the reception and entertainment of guests, visitors, or strangers. hospitality sub-industries:

  • Hotels.
  • sustainable food providers.

Technology

It contains businesses revolving around the manufacturing of electronics, creation of software, computers or products and services relating to information technology. The term technology sector is frequently shortened to the tech sector and is used interchangeably with the technology industry. Technology sub-industries:

  • Cloud computing.
  • machine learning/AI.
  • and big data.

Consumer Retail

It is the process of selling consumer goods or services to customers through multiple channels of distribution to earn a profit. Retailers satisfy demand identified through a supply chain. Careers in retail and consumer products include sales associates and cashiers directly dealing with customers and merchandise, as well as professionals working behind the scenes. Consumer Retail sub-industries:

  • E-commerce.
  • pop-up retailers.
  • personalized retail.

Transportation

It is a category of companies that provide services moving people, goods, or the infrastructure to do so.  The transportation industry group consists of several industries including air freight and logistics, airlines, marine, road and rail, and transportation infrastructure. Transportation sub-industries:

  • Autonomous vehicles.
  • electric vehicles.
  • smart cities.

Media

It consists of film, print, radio, and television. 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. Media sub-industries:

  • Gaming.
  • virtual reality.
  • streaming television.

Energy

It is the totality of all of the industries involved in the production and sale of energy, including fuel extraction, manufacturing, refining, and distribution. Energy sub-industries:

  • Oil and gas.
  • mining.
  • fracking.
  • sustainable energy.

Health

It is an aggregation and integration of sectors within the economic system that provides goods and services to treat patients with curative, preventive, rehabilitative, and palliative care. Health sub-industries:

  • Biotechnology.
  • health data management.
  • personalized health.

Construction

It works that involve the building of real estate ones such as residential or commercial real estate assets, etc. Construction projects involving specialty trades. Construction works that involve building up of specialized items namely, electric related works, works on woods, etc. Construction sub-industries:

  • Residential housing.
  • big infrastructure.
  • construction tech.