Thinking of Starting a New Business in 2015? Consider These…

If you are an entrepreneur thinking of starting a new business, 2015 may be an opportune time in a number of different fields.  Not all will make you a fortune but most will make you money in the coming year.

Medtech – The business of creating and producing medical devices has never been more accessible. The medical technology market is booming with sales expected to reach $228 billion in 2015.

Cloud-Related Services – 2015 is the year of the cloud. Many businesses want to take advantage of this popular resource but don’t really know much about it or how to get there. IT types who can make the business case for moving various processes and apps to the cloud and do it for businesses have endless opportunities.

Senior Care – People are living longer creating countless business opportunities for senior care. In-home care and senior residences as well as related opportunities like driving, delivery, catering and cleaning services for seniors who want to stay in their homes is exploding.

Yoga – Forget spin classes and pilates  – yoga is the fitness business to be in. The number of practitioners continues to grow each year making sure there’s truly yoga for everyone.

Drones for Business – Using drones for business is an industry in its infancy but it’s going to grow quickly as more ways to profitably use drones are discovered. Using drones for surveying, crop dusting, search and rescue and checking out fires to see if it’s safe for firemen to enter are just a few applications.

On-Line Baby Products – Selected as one of the best businesses of 2014, products from diapers, clothing, and shoes to feeding aids, strollers, and furniture remain in high demand making on-line baby products a $6 billion dollar a year industry.

Translation Services for Business – There are over 381 languages spoken in the US, over 200 in Canada and more than 6,700 spoken throughout the world.  With global companies and the ever-increasing e-commerce, the need for websites, documents, and videos to be translated into other languages is exploding.

There’s never any guarantee when you’re starting a business. Any business opportunity you’re considering requires careful thought and planning.  If done properly these business opportunities could prove quite profitable in 2015.

By Anne Capps
Executive Vice President – American Receivable