If you are still struggling to figure out what is happening in today’s economy then it is the hardest phenomenon to predict the future. If you are enrolling in college, starting a fresh career or investing in new skills then predicting the future is exactly what you need to do.
Starting a business with future in mind
Those who do not follow the herd but anticipate the needs of the market earlier than the competition, is the attribute of the most successful entrepreneurs. Such anticipation is not without risk but the payout can be considerable as a matter of fact.
When first introduced, seminal inventions such as the automobile, the internet and the smart phone were all regarded with high degrees of scepticism. The impact is not only cultural but economical as well as they are equally important.
Part makers, dealerships and service centers as the automobile gave rise to a global network of small businesses. Many of which have grown from small operations to very large ones indeed as the internet has spawned a host of online companies such as Amazon.com and eBay.com.
So, where do we find the small businesses of the future?
Even if they might strike some of us now as being a bit far-fetched, the fields of energy and clean tech seem to be among the ripest areas for growth as do nanotechnology, entertainment and the growing demands of adapting the planet to accommodate its burgeoning population.
Thanks largely to globalization and the digital technology, the pace of change in the business world is faster than ever these days. To stay away from those that are not is one way to be zero in fields.
In the foreseeable future, below are some of the business ideas which are hot.
1) Data Crunching
As many firms are eager to tap the vast new databases to gather more information on their customers, their competitors, and even themselves, the era of big data is just getting started. As it is making sense to them and gaining useful insights which can be translated into a business edge, the challenge is not just crunching the numbers.
The use of data is exploding in the growing fields of marketing and market research. You can now position yourself for this time bomb business with the right gadgets and know-how.
2) The LED Lighting
They are two very different undertaking when it comes to starting LED lighting retail business or LED lighting manufacturing company.
Identifying a market for a particular product or product set, understanding the quality and price points of this market is included while starting a mini LED light bar business. All you need is to find reliable suppliers for those products.
To avoid getting ripped off you need to test those products independently. Then you need to devise your sales and marketing strategies. And this way you can start one. As you spot the opportunity, grow your product range as your business grows.
3) Shop for 3D printing
Fabricating items in low cost printers is the basic idea which is underlying this business. There is plenty of hype at this stage but the 3D printers are still quite expensive.
This will take you all the way to the future. 3D printers are expected to produce everything from architect models to sinks to spare camera parts instead of the long processes and procedure of fabricating in a factory and shipping the item wherever it is required.
4) Asteroid Mining
This idea is slightly beyond sci-fi right at this moment. It is exploiting and exploring space as the idea is underlying this future business.
The value of rare metals and mineral may someday be worth the cost of lunar or asteroid mining especially when you consider that deep sea drilling requires investments of billions of dollars since resources are running out here on Earth.
You think there will be vast wealth created on the space frontier if you realise that everything we hold of value on earth is in near-infinite quantities in space.
As they already convinced its possible and lucrative, many entrepreneurs are not concerned with the difficulties which are inherent in mining an asteroid.
5) DNA designing firms
Reading DNA gives clues to diseases if you have no idea about it. DNA reveals some diseases much more to come if we invest in this are at this junction in the history of human existence. For the patterns which correlate with diseases will not disappear so easily while testing DNA.
For new ways to cure and treat diseases, the long-term possibilities of cheap DNA testing involve a better understanding of aging and the endless possibilities.
You take a person’s DNA when they are a baby and you profile it in a very thorough way which can make easy the prediction of the health status of the baby and this is a great dream.