Today’s many small businesses are conceptualized by first-time entrepreneurs who already have experience in the type of business they plan to launch, having worked on a similar venture in the past and simply setting out on their own. But choosing an industry that has had a lot of success recently is a viable alternative, as this will cater to a new niche that older businesses have not yet fully addressed, explains businessman Tyler T. Tysdal.
One industry to consider is the internet marketing agency. Marketing is a must for every business, no matter the number of disruptive technologies coming into play. And solid web presence is key to business success these days. We suggest starting a web marketing company that can offer various strategies such as SEO, sports blogging, social media and email marketing, and webpage optimization.
Another trendy industry to get into is fitness. There has been a boom in in-home and gym fitness training in recent years, even as various health wearables are becoming widely available. You can put your money on a fitness venture that helps busy people have fun, de-stress, and improve their health, like a wellness blog, a walking and running club, a yoga studio, or a juice bar.
Lastly, there’s the world of apps. The rise of smartphones and tablets has led to the huge industry of app development. The keen entrepreneur should consider investing in the creation apps that catering to a preferred industry, from entertainment and gaming to software development and travel booking. Pretty much any industry that you can think of can benefit from a dedicated app which in turn can be incredibly rewarding to any startup, Tyler T. Tysdal adds.
Real estate investor Tyler T. Tysdal is the Managing Partner of Platte Management, a single-family office with active investment strategies in private equity and real estate. More on Mr.Tysdal and his work here.
Tyler T. Tysdal 