A new study by IBIS World has identified the best start-up businesses for 2012. The research team evaluated the projected revenue growth and enterprise growth over five years, the ease of starting a business, and the required capital. The results show that the top new businesses are in the food and beverage industry, dry cleaning services, and sleep-promoting beverages. The study also finds that these industries are more likely to grow over the next five years and have low capital requirements.
Food and drink manufacturers
The food and beverage industry has many opportunities for start-ups. Many
of these businesses are gaining traction in the US, and the growth potential is
substantial. Developing new products and distributing them to a wider market
are among the most attractive opportunities. However, the challenges involved
in this business are high. These companies are highly competitive, and they
must first secure a fruit supplier and acquire the necessary processing permits
and licenses. In addition, they must conduct excellent market research.
The food and beverage industry has several niches. These businesses include
meal delivery services, snack companies, and algae-based foods. Other
food-related start-ups include kitchen supplies, online video food channels,
and organic food companies. Entrepreneurs looking for food startup ideas should
assess their entrepreneurial skills, develop their product idea, create a
business plan, and reach out to investors for start-up funding. Startups must
also establish a brand and perform outreach to attract customers.
Developing smart data analytics for the food industry is a crucial part of
transforming the food and beverage industry. Companies such as Tastewise use
artificial intelligence to monitor millions of restaurants around the world and
connect them with eager consumers. The company's growing customer base includes
companies like Nestle, Kraft Heinz, Campbell's, and PepsiCo, but it also works
with hundreds of other food and drink tech startups.
Dry cleaning services
If you want to start a dry cleaning service, you'll need a small business
loan. The Small Business Administration offers startup funding to small
businesses. There are many different ways to get a loan for your new dry
cleaning service. You can get one from a bank or from family and friends. If
you need extra capital, you can also seek an angel investor to finance your
business. If you're not ready to apply for a bank loan, you can try
crowdsourcing to raise the capital you need for your business.
Another way to raise funds for your dry cleaning service is to work with
existing business connections. If you're in a small town, you'll have a lot of
potential customers nearby. Try partnering with local restaurants, hotels,
hospitals, and fast food outlets. You can advertise your business on social
media, offer incentives to walk-ins, or offer discounts for first-time
customers. You can also hire employees and rent a storefront, which you can get
from Craigslist.
A dry cleaning service is ideal for people who love meeting new people.
Unlike other businesses, dry cleaning is a walk-in business, so you have to
interact with customers face-to-face. Having regular, in-person contact with
customers will make it easier to deal with problems. It will also allow you to
build a rapport with your customers, which is valuable in any business. And,
because most customers are very busy, your business will be more likely to
survive if you can help them with their problems.
While the startup cost of a dry cleaning business is relatively low, it
will require you to obtain various business licenses and permits from the local
government. Some states require businesses to be registered with local
environmental agencies, while others require licenses for certain types of
chemicals. Getting a business license is essential because you'll be working
with solvents, which can create hazardous waste. Furthermore, you may also need
to pay annual fees and get inspections to maintain compliance with the laws in
your area.
Sports agency business
A sports agency is a profitable business, with a high gross margin of 90%
to 95%. To ensure your success, it is essential to maintain a high level of
client service and develop ongoing relationships with amateur sports entities.
Besides, the business requires people skills, as a sports agency needs to
explain its services to a wide range of clients. In the marketing section of
your business plan, focus on how you will gain new clients.
You must get office space after choosing a good location for your sports
agency. The look and feel of your office is important to potential customers.
The office you choose must project confidence. Potential clients will judge you
by the appearance of your office, so it is important to choose a place where
your office will be visible to a large audience. Ideally, you should look for
an office space where several professional sports teams share a community.
Starting a sports agency is relatively easy. Most states have a secretary
of state's office that can help you register your business. Some towns, cities,
and counties don't require registration. However, once you have decided on the
business name, you need to register it in all the states you intend to work in.
This is an important step in the beginning, as it will make it easier for you
to attract clients and earn a profit.
A business plan is an essential part of starting a sports agency. The best
business plan will compare your entrepreneurial instincts to hard numbers in
the industry. It can also serve as a guide for you to take the next steps. In
the case of a sports agency, the next step is to choose a name for your
business and create a limited liability company. These are important steps to
take, so do not underestimate the importance of a well-written business plan.
If you have a passion for sports, this business may be for you. You can
become a sports agent, which means you will be able to work with a wide range
of clients. The agency can also manage sports contracts and manage marketing
activities. If you're a sports enthusiast, you can work with popular teams such
as professional basketball and soccer. The agency can also help clients find
sponsorships and manage events.
Relaxation or sleep-promoting beverages
Drinking relaxation or sleep-promoting beverages is a growing segment of
the food and beverage industry. These beverages are becoming increasingly
popular with the increasing popularity of sleep-related issues. Drinks
containing ingredients such as chamomile and valerian are popular and have been
consumed for centuries. Their natural and plant-based ingredients make them a
healthy choice for consumers. Many people prefer these drinks to sodas for
their health benefits.
Many people use relaxing drinks as a way to get better sleep and increase
productivity. Some of these drinks are infused with caffeine or other
substances. Others claim that they can help people get to deep sleep or improve
their focus and creativity. Relaxation beverages are often sold in trendy bars
and restaurants to appeal to the party crowd. There are many benefits to
consuming relaxation drinks, but they are often expensive.
While relaxation drinks are still a new segment, they have a lot of
potential for growth. They can be a multi-billion dollar industry if properly
advertised. Unfortunately, the average consumer is still unaware of these
products, and they don't spend much on advertising. The challenge will be
raising the profile of these beverages. There are a number of ways to make
relaxing or sleep-promoting beverages popular, but there are many barriers to
success.
The first step to success is understanding the benefits of relaxing drinks.
This category of drink is relatively untapped and hasn't broken into the
mainstream. The biggest drawback of the product category is that it lacks mass
appeal. In addition, the products themselves are still novel and can't compete
with the already established brands. The drinks are often promoted as work,
study, and sleep aids, and they can be marketed as such. The products started
to hit the market in the late 2000s, but only recently have they become popular
and profitable.
A good business plan should include a plan to increase sales of relaxation
or sleep-promoting beverages. This market is relatively new but could
potentially generate $500 million in sales this year. The potential is huge for
a business, and the market is growing rapidly. However, it is important to note
that there are some risks involved. While melatonin has anti-depressant
effects, consuming excessive amounts can lead to headaches, dizziness, and
other health-related issues.