Making a million is a milestone–the defining moment of success for many entrepreneurs and an attainable goal for those tapped into today’s hottest trends.
Entrepreneurs are keeping their fingers on the pulse of what’s hot in today’s marketplace. They are the trendsetters, the pioneers, the ones to watch as they lead the pack, followed closely by franchisors poised to capitalize on winning ideas and spread concepts nationwide.
1. Fountain of Youth
With the first baby boomers starting to hit 60, America is fighting tooth and nail to stave off the signs of time. In 2004, Americans spent about $44.6 billion on anti-aging products and services, according to Business Communications Co. Inc., an information resource company. But that’s nothing compared to the $72 billion market it’s expected to mature into by 2009.2. The Sweet Life
The nation’s sweet tooth is becoming more insatiable, driving everything from the franchising industry, where cookies and ice cream concepts are growing categories, to the fine-dining industry, where diners are staying more often for the grand finale.3. Coffee
Starbucks revolutionized the coffee industry by transforming the beverage into the most necessary of luxuries, but numerous independents and ambitious franchisors have profited from coffee’s popularity and are riding on their own caffeine high.4. Seniors
While the industry to preserve vitality and youth among baby boomers is thriving, so are the businesses one generation ahead in the senior-care industry.5. Tech
Calling all geeks: Have you got a mind for technology and a passion for business? This could be the industry for you.6. Pampered Pets
If you’re a pet lover, consider getting into the fast-growing pet products and services industry.7. Marketing and Advertising
Companies always need new clients, so if you’ve got a knack for getting customers to buy, think about starting a marketing and advertising business.Photo by images.businessweek.
Shama Hyder on September 21st, 2007 at 4:46 pm
Put me down for number 7 please Dane! : )
Shawn Hessinger on September 21st, 2007 at 7:00 pm
A million? No sweat. Keep your fingers crossed because we’ve got something cooking. Actually several somethings so stay tuned and we’ll let you know. Think it sorta kinda fits into number 5.
Romero on September 22nd, 2007 at 8:47 am
Nice article Dane :)
I wonder if I could use some of your articles in my website :)
Best,
Romero.
Ivan on September 22nd, 2007 at 8:49 pm
Small companies are limited to what they can make due to capital investment. Unfortunatly banks are looking other way.
Recent developments proved that small and private companies can make difference.
http://www.efamilyfinance.com/articles/227/the-advantages-of-being-self-employed
Donald Mckenzie Jr on September 23rd, 2007 at 10:21 am
Oh my gosh a million would just make me jump for joy. Keeping up with the markets is not so easy. As a home business perosn myself, I must stay on top of things every moment. Thanks for the post Dane.
Monica Frame on January 13th, 2008 at 10:45 am
This article is a great indication of where network marketing to take you. I myself have found great success with a company called MonaVie, which is the new nutritional beverage that caters to baby boomers, those searching for extra income and a healthier way of life.
MonaVie offers a great opportunity for anyone looking for better health, free enterprise, and increased quality of life. Check out http://www.amazonviolet.com and contact me with any questions. Thanks!
monica@amazonviolet.com
Chip on January 15th, 2008 at 6:34 pm
Oh to make a million! I’m taking route #5 myself.
Paul on February 15th, 2008 at 12:50 pm
Wow!
I inadvertently merged items 1 and 5 on my blog…
I must then be destined. :O)