Thursday, April 17, 2008

Growing industries

I'm doing research for my next business venture. I had a chance to have lunch today with a great businessman and mentor. We talked about business and he gave me some great advice. When we discussed the idea of starting a new company, he told me to focus on industries that are growing and have great growth potential. He said, "You wouldn't start a company that made stage coaches . It just wouldn't make sense." In business, why focus on industries that are declining. Focus on industries with potential for growth

Here are Fortune's five fastest growing industries:

1. Securities
2. Oil and Gas Equipment, Services
3. Internet Services and Retailing
4. Commercial Banks
5. Engineering, Construction

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