Youth Entrepreneurship

Menu
  • Welcome
  • Dayo Profile
  • Contact Dayo
  • JOIN OUR FORUM
  • Testimonials
  • Shop
  • Our Business Plans
  • OUR PRODUCTS
    • Coaching
    • Entrepreneurship book for Africa Students
    • MLM E-BOOK: How to Recruit and Get to the Top Fast in Any Network Marketing Business
    • Set Up Money Making Blog for Just N50,000

80 Things You Will Learn from 72IG Affiliate Marketing School, Digital Marketing Skill Development and Expertnaire Affiliate Implementation Programme. (Cost N65,000)

CLICK HERE

6 Emerging Industries to Invest in 2020 for Entrepreneurs Seeking High Profitability

DayoHub

6 Emerging Industries to Invest in 2020 for Entrepreneurs Seeking High Profitability

 

6 Emerging Industries to Invest in 2020 for Entrepreneurs Seeking High Profitability

 

When you ask many people of their reasons for going into business, some of them will tell you because they want to be “boss ladies and boss men”. This is a fact that cannot be disputed. However, many prospective “boss ladies and boss men” do not know how to start their business. Many do not know what industries would be benefiting to them. While some do not know how to start investing into their chosen industry.

Since one of the aims of being a business owner is to solve problems, it is then crucial that prospective entrepreneurs should, while considering a business, endeavor to invest in industries that would solve problems. In this article, you will learn about some of the emerging industries to start investing as an entrepreneur.

  1. Food and Restaurants industry: with so many people spending much time at work due to high job demands, there is little or no time for individuals and families to prepare meals for themselves; this is why many people have resolved to eating out at restaurants. As a prospective entrepreneur, starting a restaurant business will set you ahead. You could set up a restaurant that allows people to come in and eat, and if you think the cost of running a restaurant might be expensive, or you feel you don’t have the capital to start a restaurant, you could employ other means like delivery. By doing “home delivery”, you don’t have to bother about restaurants cost, all you have to do is cook from your house (or your preferred location) and deliver to people in their respective locations. Many big industries like banks are targets for delivery because they have little or no time to spare to eat outside.
  2. General retail: this is one of the sectors entrepreneurs underestimate, but the truth is, if you are strategic, you will make waves in general retail. With general retail, you could decide to sell in brick and mortar shops or decide to sell online. Whichever way, you can be successful. In general retails, all commodities that necessitate human living ranging from cigar to biscuits and so on are available, thus making it easier for consumers to find you and make purchase. The key to finding success in general retail is to understand how people find your products. For instance, if you are involved in clothing apparels, consumers might want to satisfy their curiosity by having a physical contact with your products. But it all depends on you to see to it that you get to your customers through the right channel.
  3. Health and fitness industry: you might want to take this into consideration, with the arising needs for people to be healthy. The current trend is “being healthy”. Medical practitioners advise and encourage people to stay healthy and exercise always. Many people are adhering to this which is why you could build a career in this path. Gyms are places for people to get exercised and get their bodies fit; building a gym house would be beneficial to you. In recent times, entrepreneurs have devised new strategies to drive sales to their gym house by making sure the gym house consists of a spa among other things. And if you are not a fitness freak, you could open a patent retail store where drugs and medications are sold. It will fetch you cool cash.

6 Emerging Industries to Invest in 2020 for Entrepreneurs Seeking High Profitability

Read Also: 4 Ways to Invest Your Money Wisely being a College Student

 

4. Automobile repair industry: cars are now being built every day to meet consumers tastes, they are more equipped, more expensive and long lasting, and this has made many resolved to mandatory repair whenever they suspect a malfunctioning as against earlier years when some would change the car and purchase another one which would still function like it’s predecessor and the one before it. According to an IBIS World report, auto maintenance and repair franchises have grown 3.3 percent over the last five years, comprising an $8.1 billion industry. There is now less demand for the purchase of new cars and higher demand in repair of used cars( this does not mean that there is less production of cars, people are of course still buying new cars, but the old ones are no longer neglected to spoil, they are repaired). So, if you are considering the automobile field, then it is evident you are doing yourself a big favor. Other segments of the automobile include oil and lubrication, mechanical work etc. However, to invest in this kind of industry, you must be sure to have enough capital due to the cost of acquiring workspace.

5. Technology industry: throw up a knife a hundred times, it will still land with either of its flat sides. The role of technology today cannot be underestimated, even in the world’s economy. Just like technology could accelerate growth and development, likewise, it could accelerate your business(even when you have not invested in it), and when you invest in it, just imagine how much you’ll be contributing. There is a daily rise in the need for technology, with over 3.5billion smart phone users in the world, companies are beginning to feel they need to do more in improving the growth of their business. The fact about technological investment is that you don’t really have to start with Google before investing. There are several social networking sites, and e-libraries you can apply your specialty- it could be marketing, sales or IT.

 

6 Emerging Industries to Invest in 2020 for Entrepreneurs Seeking High Profitability

 

6. Travel and lodging Industry: otherwise known as hospitality industries is one sector you could invest in. With the younger generation always wanting to experience new things and the older folks wanting to spend their money on luxurious holidays, you can just conclude that it is a positive sales for hotel owners. If you never dreamed of owning an hotel or something related to it, you might have to change that thinking.

There are so many growing in-demand industries to choose from when it comes to investment, it all depends on you.

Hope you enjoy this article?

Share your thoughts in the comment session.

Contact us today for your business consultancy and business advisory services. We can help you fine tune your idea, structure your business, market your business, train your staff, consult on your retirement plan, coach you for financial success. We also write business plan and help with fund raising strategies and Grant applications. We can help you start, grow and expand your business.

Call or WhatsApp us now on 081 0563 6015, 080 7635 9735, 08113205312 or send email to dayohub@gmail.com  and we will solve any of your business problem.

 

 

Enter your name and email and Download our FREE eBook, get the weekly newsletter, Update on Grants, Business Opportunities & Premium Services from DayoAdetiloye.com... Joining is FREE!
Your information will *never* be shared or sold to a 3rd party.
  • Author
  • Recent Posts
DayoHub
DayoHub
Dayo Adetiloye
(B.Agric, MBA)
08105636015, 08076359735

Serial Entrepreneur - International Business Planning Consultant - Speaker - Trainer - Author - Blogger - Network Marketing professional.

- 2018 SME Business Trainer and Coaching Advisor at GIZ for SME Loop.
- 2018 YALI RLC Online Cohort 9
- 2017 Fellow, Inspire Africa Train-the-Trainer Entrepreneurship programme sponsored by US Consulate Lagos and the Dickey Center, U.S.A.
- 2016 Fellow, Tony Elumelu Foundation Entrepreneurship Programme
- 2015 Top 50 Innovative Entrepreneurs, BET5 by Diamond Bank and EDC, PAU.

He is an alumnus of Enterprise Development Centre (EDC) of the Lagos Business School (LBS), Pan-Atlantic University (PAU). Through his training, mentoring, speaking and coaching programmes, he has empowered many young people over the years to start and grow their own business, build wealth, create multiple streams of income and achieve financial independence.

- He is a Certified Trainer in Design Thinking by the U.S Consulate, Lagos and the inspire Africa Entrepreneurship Institute.
DayoHub
Latest posts by DayoHub (see all)
  • Katumu Adasi: How to survive in Nigeria without a job - February 11, 2021
  • Top 5 business and services with the highest demands in Nigeria - January 4, 2021
  • How to Become a Millionaire doing Rice Farming in Nigeria - January 4, 2021

Share this:

  • Tweet
  • WhatsApp

Related

Prev Article
Next Article

Leave a Reply Cancel Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Search this Blog

MLM Instant Recruiting Formula

Grant Winning Blueprint

How to Turn Yourself into a Live Breathing Cash Machine

Ecommerce Business

Follow me on Facebook

Follow me on Facebook

Follow me on Twitter

My Tweets

Youth Entrepreneurship

…Raising Millionaire Young Entrepreneurs
  • About
  • Dayo Speaks
  • Disclaimer
  • JOIN OUR FORUM
  • Shop
  • Privacy Policy
  • Sitemap
  • Advertise With us

About Us

Dayoadetiloye.com is a property of Dayo Adetiloye Business Hub committed to connecting entrepreneurs with resources.

We are one stop Business Resource Center where we help you discover, Develop and Fulfil your business potentials.

On this platform, we help you develop business plans and strategies, connect you with funding opportunities and share with your business opportunities.

Facebook Community: https://www.facebook.com/groups/156197005130352/

Twitter: www.twitter.com/dayoadetiloye

Email: Dayohub@gmail.com

Popular Posts

  • 50 SMALL SCALE BUSINESS IDEAS IN NIGERIA AND STRATEGIES TO START IT
    50 SMALL SCALE BUSINESS IDEAS IN NIGERIA AND STRATEGIES TO START IT
  • Peter Obi's Biography, Net Worth, and Rise to Popularity
    Peter Obi's Biography, Net Worth, and Rise to Popularity
  • 30 List of Grants, Fellowships, Entrepreneurship Training Programmes you can Apply for in Nigeria in  2023
    30 List of Grants, Fellowships, Entrepreneurship Training Programmes you can Apply for in Nigeria in  2023

Popular Category

  • Affiliate (36)
  • Articles (723)
  • Business Grant (342)
  • Business Opportunities (422)
  • Business Plan (682)
  • Competition (46)
  • CV Writing & Career Guide (61)
  • Dayo Initiative (13)
  • Entrepreneur of the Week (19)
  • Executive Summaries (148)
  • Expertnaire Affiliate Marketing (5)
  • Finance (15)
  • How To (133)
  • Job Vacancy (18)
  • Latest Post (1,681)
  • LOAN (23)
  • MLM Coaching (11)
  • Network Marketing (176)
  • NEWS (21)
  • Norland Nigeria (70)
  • Ofada Rice (6)
  • Online Marketing (50)
  • Product Sales (9)
  • Recharge and Get Paid (11)
  • Scholarship (7)
  • Scholarships (11)
  • Sponsored Post (223)
  • Trainings / Events (151)
Copyright © 2023 Youth Entrepreneurship
Dayo Adetiloye Business Hub

Ad Blocker Detected

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by disabling your ad blocker.

Refresh
Enter your name and email and Download our FREE eBook, get the weekly newsletter, Update on Grants, Business Opportunities & Premium Services from DayoAdetiloye.com... Joining is FREE!
Your information will *never* be shared or sold to a 3rd party.
 

Loading Comments...