Entrepreneurship is a skill that is applicable to any industry. In fact, economists go as far as classifying entrepreneurial ability as a factor of production. As a result, there are many industries available to choose from for entrepreneurs. Choosing the right one can be critical to entrepreneurs looking to make it big. In this article, we have compiled a list of the top 5 industries to get into as an entrepreneur: 1. Financial Services There’s money in money. That’s the best way to think of it. The management, investment, insurance, and lending of money are sure-fire ways to tap into wealth in its crudest form. 2. Technology Technology applies to any industry. It is often combined with other lucrative industries to produce the most innovative improvements. Artificial Intelligence are automation are becoming increasingly pertinent, necessitating technology services to address the demand for specific applications. 3. Health Care People always want to live longer and better. It follows that there is significant demand for services like assisted living, pharmaceuticals, and newer developments like telemedicine. Combining technology with health, there is also a rising interest in health monitoring devices. 4. Real Estate and Construction People need places to be in—to live, buy, learn, etc. With a growing global population and increasing demand for limited space, the sale and development of these spaces provides many opportunities for entrepreneurs. 5. Education Knowledge is always critical. It is even more so given constant technological changes that necessitate constant learning to keep up and have an edge. Educational products, services, software, and even online platforms offer different avenues for entrepreneurs to make an impact. There are many more industries with tremendous potential that we have not explored in this article including the energy, food, and entertainment industries. Oftentimes, industries are interconnected, and the best entrepreneurs are able to adapt to different industries based on the potential they see. One of the best examples is Elon Musk. Early in his entrepreneurial career, he started in the financial services industry with the money-transfer service, PayPal. Now, among his many initiatives, he is working at the intersection of the technology, transportation, and energy industries with Tesla, SpaceX, and The Boring Company. This example demonstrates how at its core, an entrepreneurial skill set can make waves in any industry—it’s a matter of finding the niche that suits you.
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