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The Flevy Blog covers Business Strategies, Business Theories, & Business Stories.
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Editor's Note: Take a look at our featured best practice, Five Stages of Business Growth (25-slide PowerPoint presentation). This presentation introduces a framework for entrepreneurs to use when building and navigating their business from a nascent, startup state to an enterprise with a global footprint. This framework, called the 5 Stages of Business Growth, is based on the fact that all businesses experience common [read more]
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There are many businesses that you can get into in 2022. However, if you’re going to start a company, you probably want to be sure that you’re getting into one with growth potential. You don’t want to start a business in a niche that is in danger of becoming obsolete.
We will talk about four businesses you might launch this year with excellent opportunities to grow. All the ones in this article are booming right now, and that should continue for the foreseeable future.
If you want to get into a tech job, and you have the aptitude for it, you might consider setting up and running an ethical hacking company. You can try to hack into a company’s computer network. They will hire you to do so, and then you can tell them about any areas that they need to shore up to avoid data breaches.
You might tell them to set up IAM security, for instance. Understanding IAM security is not all that difficult, but some companies don’t have it in place yet. IAM stands for identity and access management. Many companies have a problem in this area, so they might turn to you and your business for help.
Part of the reason to get into this business model is that it pays so well. Hacker attacks can cost companies millions, so they’re usually willing to pay top dollar to any company that can make sure it doesn’t happen to them.
The tourist industry is one that definitely has a great deal of potential, both now and in the future. The only question is how you might take advantage of that.
You might run a sightseeing company, or you could run a hotel or resort. Tourism is particularly growing in Asia and South America. If you want to move to one of those continents or you can establish some contacts there, you can get in on this trend.
There’s a lot of money in tourism, especially for anyone who can promise a unique or exciting experience. If you can set up a hotel or resort with excellent musical guests a outdoor activities like fishing, kayaking, or spelunking, you should be able to have no trouble attracting some high-end clientele.
Web design is a growth industry, and it has been for several years. It’s very hard to find a company that does not have a website. However, many of the CEOs or founders don’t know how to set up a website themselves.
Learning some website creation basics is not as difficult as you might imagine. You can learn how to do it with platforms like Wix or WordPress. Many sites run on WordPress, and you can tinker with it for a while until you learn how.
At that point, you can create a business with those fundamentals, or else you can hire some like-minded individuals who have that skill set. If you can land some contracts with larger companies, that can potentially be very profitable for you.
You can also look into industries like information technology, which has many different aspects to it. You can get into IT in many ways.
You might get into the real estate business. Many real estate companies exist already, but if you can learn about a particular area, you can gradually start to compete with the more established realtors in that part of the country.
No matter what you choose, make sure that it’s something that elicits some passion. You don’t want to start a business endeavor that will bore you.
You can download in-depth presentations on Small Business and 100s of management topics from the FlevyPro Library. FlevyPro is trusted and utilized by 1000s of management consultants and corporate executives.
For even more best practices available on Flevy, have a look at our top 100 lists:
These best practices are of the same as those leveraged by top-tier management consulting firms, like McKinsey, BCG, Bain, and Accenture. Improve the growth and efficiency of your organization by utilizing these best practice frameworks, templates, and tools. Most were developed by seasoned executives and consultants with over 20+ years of experience.
