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These 8 Industries Are Considered The Best For Starting A New Business

New York magazine Inc., founded in 1979, publishes annual lists of the 500 and 5000 fastest-growing publicly held small companies in the U.S., called the "Inc. 500" and "Inc. 5000". The magazine is also known for publishing a list of the best industries for starting a new business.

Every year in January, Inc. releases information that is important to entrepreneurs, which is industries that are ideal for starting new businesses. Here is their top 8 list:

#1 Recreational drone manufacturing - once the Federal Aviation Administration (FAA) finalizes regulations on drones, the drone manufacturing industry is expected to be hugely in demand.

#2 Virtual reality - you have no doubt already seen tv commercials about virtual reality. In 2016 alone, consumers are expected to purchase several million VR headsets.

#3 Robots/artificial intelligence - it's not just a movie anymore; more machines are being made to do what people do, like driving cars and collecting information for businesses.

#4 Food prep - developing kitchen devices that will help make the distribution of food more efficient is going to be huge, representing a good opportunity for food technology startups.

#5 Biometric scanning software - this refers to software that scans to identify people by scanning their fingerprint, eye and facial features. The biggest industries for this will be health care and construction.

#6 Fraud detection software - identify theft is a big concern, so software that identifies fraud will be in demand for companies that do business online.

#7 Wellness programs - companies are learning that keeping employees healthy is important for optimal production, so wellness programs that lower health care costs will continue to be in great demand.

#8 Renewable sources in building materials - renewable sources help reduce pollution and waste. Building materials using renewable sources and energy-efficient products will be in great demand for years to come.


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