Fastest-Growing Business Opportunities for the Next Decade

Anti-aging and Wellness
Baby-boomers are still the ultimate trend-setting market demographic. The generation that started the health craze is still getting after it. Baby-boomers have not let up on the fitness, wellness, and pursuit of youthfullness. There’s nothing better than a spa vacation on a mountain peak or a coastal vineyard to get retiring baby-boomers interested. It’s not just women who want to stay looking and feeling good, watch products for the underserved male market. Sports medicine, in-home personal trainers, and anti-aging products for guys.

Parent-Outsourcing
More and more busy professionals are raising families more and more domestic tasks are being outsourced. Nannies and mother’s helpers are being hired at an ever increasing rate. The market for test preparation services, tutoring and driving teacher has grown exponentially into a multi billion dollar industry and there are no signs of a slow down. Between 2009 and 2010 the revenue for these services increased by over $100 million.

Home Health Care
As parents and grandparents are aging, more and more families are caring for loved ones at home. Although in-home nursing is not a new venture, no particular company has a stronghold on the market. Unlike health care facilities, in-home care allows families to decide on how often they need a helper to fill in. Some companies specialize in advanced nursing care, others provide services like cleaning, meal prep, and companionship.

Green Cleaning
Commercial cleaning companies have dominated top ten lists of the fastest growing franchises. The current leader specializes in green cleaning services for light industrial clients, like offices, schools, churches, and retail outlets. Other commercial cleaning companies that offer traditional services to the same clientele also made the list. Green cleaning maybe the future for cleaning services, in home and commercial settings. Businesses that educate consumers about the benefits of green cleaning can also take advantage of this niche. Marketing strategies like home parties for microfiber cleaning tools and eco-friendly cleaning products could be very effective today and in the future.

Local and Organic
Anything organic and anything local is going to be hot. Today’s consumers are either budget conscious or eco-minded and willing to spend the extra cash on local and organic products. Farmer’s markets are the latest hot trend, open to all types of local businesses from farmers to artisan food makers. Gourmet and organic items are going to sell like hotcakes. Just look what the name panini did for grilled cheese sandwiches. Consumers are more rushed than ever. Organic eateries with prepared foods and take-out are going to be increasingly popular. Marketing organic to busy consumers is going to be key. Organic grocery delivery services and personal gourmet chefs are going to be the next wave of selling organic. Strategies that online grocers have used to sell traditional items will also be effective for marketing nonperishable organic foods.

Alternative Energy
Just like the game of monopoly, there are two utilities the water works and the electric company. Today, American’s have little choice in what fuels their power companies use to generate electricity. Water and energy are to of the biggest concerns. In arid parts of the West, water recycling is going to be an unavoidable necessity. Trends like low-water landscaping and greywater recycling systems are going to be increasingly popular. Biofuels are going to more and more prevalent as companies market systems for distilling fuel and retrofitting cars. Government rebates and the high cost of electricity are making it easy for homeowners to choose alternative energy. Electricians and consultation companies should explore how to help to educate homeowners about purchasing and installing wind and solar energy systems.

About the Author:

William Kennedy is the author of this article on Business Degree Programs. Find more information about Best Business Schools here.