If you're considering buying a business, knowing some of the top businesses in 2016 that are growing the fastest can benefit you greatly. Carefully selecting from a list of profitable industries can ensure you choose the right direction that suits your needs and maximizes your profit. Why guess, when you can hold the cards in your hand?
Top Industries for Growth in 2016
Internet growth, environmental issues, cost cutting and evolving technology are four key elements aligned with the fastest growing industries in the past year. Human capital is another trending element that can cut costs and add value. Some of the top industries in 2016 were:
- E-Commerce Businesses
- Auto Repair, Service & Parts
- Convenience Stores
- Services Businesses
- Health & Fitness Clubs
- Home & Garden Businesses
- Liquor Stores
- Hair & Beauty Salons
Here are some of the top mergers and acquisitions (M&A) industries that Transworld worked with in 2016:
- Restaurant Chains
- Professional Service Businesses
- Distribution/Wholesale Businesses
- Construction Businesses
- Retail Chains/Big Box stores
- Medical Related
Being in the know in regards to today's top businesses puts you one step ahead of the rest, and now that you know which industries are top performers, you can do further industry research to pick your next endeavor or to connect with a buyer.
What Makes an Industry Profitable?
Skill set, related background and experience, and training and certifications are a few factors that should be considered when choosing a business to buy. Similarly, if you are selling a business, these would be valuable qualities to highlight for buyers. Although direct experience is not always necessary for a business to be profitable, it strengthens your investment to learn about the inter-workings and components that make up the bones of the business. Human capital drives profitable businesses, many having low overhead and low launch fees. These types of service industries can even be started in your own home with minimal out-of-pocket expense, which is good for both buyers and sellers.
Selecting a Profitable Business That's Right for You
Simplify your selection process with guidance and consultation from an excellent business advisor like Transworld
. Advisors approach the buying process with
you through nine stages, involving thorough research and trained exploration, so that questions and details can be covered as they come up. Transworld has a variety of business listings
available by state and industry so you can browse with ease. Our experienced brokers have the background, knowledge and resources to assist you promptly on the path to get the results you require, whether you're buying or selling.