In case you are thinking about changing your career, or want to set up your own business, you need to look for industries with a growth opportunity and high demand. There are several companies that enter the market without doing their research, and go out of business because their services are not popular or competitive enough. To help you avoid making the same mistake, we have created a list of areas where you can increase your chances of success when you start your venture.
1. Health And Social Care
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The demand in health and social care is growing each year, due to the aging population. You can start an elderly care company with a solid investment and secure a long term residual income, employing some of the best professional. You might want to start small, and offer your mobile services first, after completing your online msw training. This business will give you high career satisfaction, and great flexibility.
2. Virtual Assistants
Companies around the world are looking for ways of cutting their expenses. If they don’t need a full time employee to look after their customers, or only needs their account done twice a month, you can offer your skills to them. The benefit for the company is that they don’t have to employ you full time, pay your insurance and health care. For you, added flexibility, no travel times, and unlimited earning potential will be the main rewards.
3. Business Advisor
If you have transferable business skills from your previous employment, you can set up your coaching or marketing firm, helping other business owners succeed. From motivational techniques to tax advice and online marketing, you can take advantage of your existing skills and turn them into a profitable business. With thousands of new small businesses starting up every day, you will have a huge market to target.
4. Outsourcing Expert
You can even turn your admin and human resource knowledge into a successful outsourcing advisory business. If you know about finding the right suppliers and contractors in a particular industry, you can become an intermediary nationally, or on the international scene. This way, you can get a commission from both parties, and create long lasting relationships with repeat clients who will recommend you to other firms.
5. Recruitment Agencies
Today’s busy managers simply don’t have the time to interview, screen, and check out applicants for the job. In many cases, they don’t want to get involved in the decision, and want an expert to find the right person. If you have an extensive knowledge of an industry, or connections, you can specialize in one type of recruitment, and become a trusted choice for busy managers.
Whether you are looking for more flexibility or a more rewarding career, you can find several growing industries that you can enter. Create a business around your existing knowledge, connections, and skills, and don’t be afraid of the competition. The more companies are already on the marketplace the more demand there is for your services.