Industry business needs use to focus on a principle product or business activity.This includes entertainment mining and tourism industry.This industries are the main sources of income in most countries.
1. The manufacturing or technically productive enterprises in a particular field, country, region, or economy viewed collectively, or one of these individually. A single industry is often named after its principal product; for example, the auto industry. For statistical purposes, industries are categorized generally according a uniform classification code such as Standard Industrial Classification (SIC).
2. Any general business activity or commercial enterprise that can be isolated from others, such as the tourist industry or the entertainment industry.
For success in business focus on the right industry.Some industries keep growing with time,this are those that provide services to people thus grow with population growth.
Some people are just born to be entrepreneurs. They’ve got a streak of independence that makes them absolutely determined to succeed on their own. But for many wanna-be entrepreneurs, it can difficult to decide exactly what kind of business would be the best choice. It’s tough to find that perfect idea!
If you’re determined to start your own business, you probably know at least these two things for sure: you want to be your own boss, and you want to make a profit.
Are you still trying to find the right business idea for you? Get inspired by these 5 most profitable industries for small business owners!
Most Profitable Industries #1: Mobile Businesses
While mobile app development is certainly a huge industry right now, that’s actually not what we mean here. In this case, we’re talking about businesses that travel to their customers, offering their products and services wherever the customer happens to be.
As we all become more and more used to having everything accessible instantly and at our convenience, businesses on the move have hit the forefront of the most profitable industries in 2015 and beyond. Check out these mobile business ideas to help you take advantage of this emerging trend:
Taking a car to the shop for simple repairs can be a challenge. After all, most of us use our cars to get from place to place! That means taking a car in for repairs often either involves a long wait at the repair shop, renting a vehicle for the day, or coordinating a ride with a friend or spouse. Unless…
While some repair jobs do require the equipment of an auto shop to complete, there are plenty of maintenance and repair services that need just a few simple tools to complete. If you’re skilled as a mechanic, consider going mobile with your services—offering oil changes, fluid refills, battery swaps, headlight repair and more right in your customer’s driveway or office parking lot.
The foodie movement continues to grow in 2016, with more and more styles of cuisine offered in unique venues. But as rent in major cities increases, it’s becoming more difficult for up-and-coming specialty food artisans to finance a brick-and-mortar location in the bustling centers of town—where their customers are most likely to be.
The answer? Food trucks! Hit the road and park yourself at local events, farmer’s markets, the local town square—wherever you’re likely to draw a crowd. The lower overhead and increased geographic versatility of a food truck means you can turn your grandma’s famous dumpling recipe or that off-the-wall dessert idea into its own thriving business.
Keep in mind that bigger, trendier cities like San Francisco, Portland, and Boston already have a pretty saturated food truck market—so you might be more successful in a smaller heartland metropolis. Food trucks also tend to have their own special set of ordinances and safety compliance standards, so contact your local health department to find out what will be required.
If you’ve looked up from your own mobile device lately, you’ve probably noticed that most Americans these days are more than a little bit obsessed with our electronics. This widespread tech addiction means that when something goes wrong, people tend to freak out.
Enter… You! The solution for every broken iPhone screen, WiFi card, and laptop battery. And if you’re willing to travel to your customer? You’ve got an instant hit! (Because who really wants to stand around by a kiosk in the mall?)
While a mobile electronics repair business involves some overhead in the form of purchasing supplies, keeping your business mobile saves you from the high overhead cost of a physical location. That means more profit in your pocket!
Turning your love of fitness into a career doesn’t have to mean working for a big corporate gym—nor do you need the overhead of have your own location to train clients. Throw a few weights, bands, and yoga mats into the trunk of your car, and take your fitness show on the road!
Offer one-on-one sessions in your clients’ homes or advertise group classes at a local park or community center. Making fitness more available to your clients might just be the ticket to helping both of you achieve your goals.
Sourced from: https://www.fundera.com/blog/most-profitable-industries