The best businesses to go in to now
Dec 10, 2007
PROFIT Magazine's 12th annual Opportunity Guide, arriving on newsstands today, presents today's best startup, expansion and sales prospects for Canadian entrepreneurs. TORONTO, Dec. 10 /CNW/ - PROFIT Magazine is pointing Canadian entrepreneurs toward their next big thing. Today, PROFIT reveals its 12th annual report on the best niches for starting a business, growing an existing company and finding hot sales prospects. Here, according to PROFIT, are some of the best business opportunities for 2008 and beyond:- Coping with climate change Global warming is not only leaving a trail of destruction. It's also clearing a path for quick-moving entrepreneurs to help society adapt. As the weather breaks away from historical patterns and becomes more extreme, there'll be hot demand for everything from specialized weather-forecasting services to retrofitting buildings to withstand nastier storms. - Generation Y The boomers' little kids are almost all grown up. Generation Y, born from 1977 to 1994, will number 9.2 million in Canada by 2011. There's a growing opportunity to help this group complete the transition to adulthood, such as offering Gen Y-friendly financial advice, career counseling and socially-conscious products. - Selling to the poor Businesses can make millions selling to a vast but largely ignored market: the world's poor. The four billion people who live on less than US$3,000 a year are the largest growth opportunity in the past 50 years - and are already a profitable market for Western companies selling everything from cellphones to shampoo. - The retirement ready There's gold in targeting people nearing their golden years. The ranks of Canadians aged 55 to 64 are growing eight times as fast as the rest of the population, and their median net worth is triple that of other adults. They're a rich market for everything from specialty furniture to one-stop financial-services shops. - The riches in recession With the U.S. economy slowing sharply, Canada is likely heading into a slowdown of our own - or even a recession. But that doesn't mean there won't be any great business opportunities. The key to growth in hard times is in countercyclical sectors: those that thrive while others suffer.PROFIT magazine's full 2008 Opportunity Guide is available on newsstands today. About PROFIT Magazine PROFIT: Your Guide to Business Success offers news, strategies, tips, interviews and other resources to entrepreneurs leading Canada's fastest-growing companies. Each year PROFIT, which currently reaches more than 300,000 readers nationally, hosts a number of events that bring together business leaders in the fast-growth segment and champions the interests of those leaders. PROFIT was founded in April 1982 as Canada's first national magazine geared to entrepreneurs. Visit PROFITguide.com.
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For further information: Jaqueline Segal, email@example.com, (416) 764-4125