You may be thinking that right now, the world is in terrible shape, and you’d not be entirely wrong, however where one man sees disaster, another sees an opportunity, and that means that if you’ve been battered by this past year, then listen up. All indicators are in, and the news is very, very good. The global economy is set to boom.
The American economy is already on the up and set to continue its rise. So to help you find the best possible way to take advantage of all of that, we’ve taken the guesswork out of which industries are set to do the best, and we’re going to help you identify how that could work for you.
THE GLOBAL MEDIA INDUSTRY
Globally, the media market’s size is expected to grow from $1.71 trillion in 2020 to $1.85 trillion in 2021, and all of this at a compound annual growth rate of 8%. Put another way that means that the global market is expected to reach $2.67 trillion in 2025.
What does this mean for you? You don’t need to be a million-dollar shareholder in a major conglomerate to take advantage of this. Sure, the most prominent sports sponsorships and major brands play a huge element in this. Still, as the entire globe starts to reawaken, that means that local businesses in your area are all going to be playing a part in supply chains, product delivery, financial management, advertising, online marketing, and logistics. You could play a role in any or all of that; see what makes sense for you.
SMART BUILDING REAL ESTATE DEVELOPMENT
One startingly clear fact has been laid bare for everyone these past couple of years, and that has been that while companies are necessary, it turns out – offices are not as needed, and this means that the global smart buildings market (for nonresidential buildings) is expected to grow from $36 billion in 2020 to $42.08 billion in 2021.
What does this mean for you? Even as a medium-sized entrepreneur, you can claim your slice of innovative real estate heaven by identifying growth areas in industries specific to your region. Creating modern, creative and green workspaces where employees from various small businesses share workspaces and hotdesk as opposed to all being in one building will be the way that we do business in the future.
VIRTUAL, DIGITAL NOMADS
Do you know the difference between Docs converter sodapdf and regular document management? Then this new world is for you. Roundabout the time we realized that we didn’t need office space as much, we also realized that we didn’t need as many people either. That last part is not so great, but the burgeoning industries that are springing up in the digital, virtual world provide a surprising safety net for out-of-work office workers and, with some ingenuity and intelligent thinking, a new business for you.
We might not need office space or as many people in them. However, we still have all the stuff to get done, so positioning yourself as the “one-stop-shop” for all of the office work type of activities that used to be done by personal assistants and secretaries is a significant growth area in the global business and corporate world recovery.
So much so that countries are positioning themselves as the ideal launch-pads to attract these types of workers. Cities like Cape Town, South Africa, have lobbied the national government to change the visa regimen precisely to attract this growing workforce.
There are so many important things to think about before you start a business, and it’s not for the faint-hearted, but take your cue from this past year; time truly waits for no name, and no man is an island. Get busy.
