Mans hand drawing Startup concept on notebook

Most Popular Industries for Startup Companies

Starting the entrepreneurial journey with a new business is absolutely thrilling. For those bold enough to take the risk, it means working weekends, long hours, immense stress, and the ability to become comfortable with the unknown. Entrepreneurs come in all shapes and sizes, but they all have two things in common: courage and drive. It’s no secret that small businesses are the backbone of America, with nearly 30 million small business throughout the country. But with statistics working against them (50 percent of all business will fail in the first 5 years), it is important to take a long, hard look at what starting a new business will entail.

In 2018, it’s more convenient to start a business than ever before. With an abundance of resources at one’s fingertips, it’s no wonder entrepreneurs across the U.S. are chomping at the bit to start something of their own. In the spirit of startup organizations, let’s take a look at the most popular industries for startup companies today:

  1. Artificial Intelligence
  2. E-Commerce
  3. Virtual Reality
  4. Disaster Relief
  5. Marijuana
  6. Elderly Care
  7. Beauty and Cosmetics Technology
  8. Healthcare
  9. Home Maintenance
  10. Children’s Services
  11. eSports and Competitive Gaming
  12. Cryptocurrency

While the above are amongst the most popular of industries for startup business, the reality is that any spark of inspiration that fulfills a need in the market can launch a successful company. Nevertheless, timing is critical in regards to whether or not a business becomes profitable and survives the infancy stage. Though innovation will continue to drive startup organizations and their ability to flourish, keep the above industries in mind while brainstorming your next big idea.

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