Most small businesses come into existence because of the passion of the owner for a particular niche or hobby. But there is no denying that some industries are a lot healthier than others and more likely to yield a profit.
Do you know if your industry is currently expanding or contracting? The infographic below might shed some light on your chosen field. If you work in construction or healthcare related industries then you have reason to celebrate, but if your business involves computer manufacturing then you should probably start looking for a new career – the rise of smartphones and similar devices are quickly making your industry obselete.
Likewise, it also seems like a good idea for anyone that has a business model based on selling physical media to consider whether there is much future for them with the rise of digital distribution and the Cloud.
Image compliments of Masters in Human Resources Degree Guide