There are many new sectors that are becoming available as our economy becomes more of an economy driven by mass-customization versus simple mass-production. With the retirement of one of the wealthiest and most powerful generations in American history, the baby boomers, a lot of these jobs will be open in the sector that has to deal with retirement and health care. These sectors can easily be fulfilled by the savvy businessman. MSNBC recently did a report of industries that are likely to explode in the next decade or so, and it can be found here.
The first seven hot businesses on their list involve health-care, nursing home services, and retirement recreational companies. As more and more of these wealthy baby boomers retire there will be more and more opportunities to provide them with the high class retirement they have been working for their entire lives. Whether its providing a safe area for them to live, helping them improve themselves, or helping them take relaxing vacations, there is a lot of potential money to be made.
The last three hot businesses on the list are companies I have discussed already in this blog which mainly have to do with outsourcing and IT consulting. With large profit margins and a growing demand these companies help other companies cut their expenses so as to be more profitable.
This list of companies reveals the truth that timing can be everything when it comes to opening up your own business, as it sometimes depends on serving the needs of a single generation. If you do a good enough job with the baby boomers you might have luck enticing, the more likely frugal, recession-scarred survivors of this generation.
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