Want to Start a Successful Business? These Are the Best Ideas and Industries for for 2019
Each year Inc. identifies the hottest industries and best ideas. The new list just came out.
PHOTO CREDIT: Getty Images
Inc. This Morning delivers a daily email digest of the news curated for anyone interested in entrepreneurship. Want this email in your inbox every day? Sign up here.
If your 2019 resolution has anything to do with starting a new business, you'll want to check this out.
Every year, Inc. crunches the numbers and grills industry experts to figure out which untapped sectors are most likely to take off in the next 12 months.
The new list is out, and it includes some intriguing options.
Among the top options:
- Micromobility (think electric scooters)
- digital therapeutics ("software-generated therapies with the potential to reduce reliance on pharmaceuticals"),
- personalized nutrition products,
- healthy jerky (with creative ingredients, superior meats, and new flavors),
- baby tech
--along with a few others. (Full list is available here.)
To launch a successful business, you need a good idea, and the boldness to act on it. And, if you can identify industries uniquely positioned for growth, you start out with a clear advantage. It's worth reading the entire analysis.
Here's what else I'm reading today:
How big a deal is it if 100 million of your users get hacked?
I mean normally, it's a big deal, but this time the victim is Quora, which claims 300 million monthly users, but also recognizes that it's nowhere the force that say, similarly sized Twitter is.
In fact, among the FAQ that Quora included when it reported the breach, was "I didn't know I had a Quora account. How is it that my email or information was exposed?"
Good news: the site doesn't collect credit card info, so at worst, that password you used to use for everything 10 years ago might be out on the dark web somewhere now.
--Raymond Zhong, The New York Times
When heroes have blemishes and villains can be redeemed
Shortly after George H.W. Bush died on Friday, the hot takes started rolling in. The 41st president of the United States was either a hero to be celebrated or a villain to be publicly excoriated. If your followers disagreed with your assessment, they probably unfollowed you right then and there.
But nobody's legacy is so black and white--and an appreciation of complexity and nuance could be exactly what we need to close out 2018.
--Frank Bruni, The New York Times
A much-needed reality check on Facebook's true mission
Sure, Facebook has angered at least nine different governments around the world for its role in helping fake news spread and other scandals. But Wired's Noam Cohen argues that the company's real problem is interior, not exterior.
For years the company has clung to the mythology that by connecting more and more people, Facebook was doing good in the world. What happens now that that myth doesn't hold up?
--Noam Cohen, Wired
New York City ushers in the gig economy's first minimum wages. (It's only the beginning)
Gig-economy giants Uber and Lyft say that their drivers-for-hire are contractors, and therefore payroll taxes, overtime, and minimum wage don't apply. As of January 1, 2019, New York City says otherwise.
Companies will have to start paying drivers an hourly minimum wage of $26.51. Keep an eye on this issue--it's likely to pop up in more cities around the country.
--Erik Sherman, Inc.
Everybody poops. Not everybody can make a successful business out of it
The most successful poop-related business of the 21st century might just be the Squatty Potty, which has sold more than five million units since entering the market in 2011.
Sally Field, Jimmy Kimmel, Steph Curry, and Howard Stern are all fans of the stool that helps you squat while you, well, squat. Here's the inside story on how the Squatty Potty rose to popularity. Be warned: It really gets into the science of the act.
--Alex Blasdel, The Guardian