Emerging Industries for Entrepreneurs to Invest in for 2016

While you might have an entrepreneurial spirit and mindset, you may not have a solid idea of the type of industry in which you’d like to invest. As someone who’s shuffled from a snack company to selling armor and equipment, I know a few things about finding your niche. 2016 is a tree blooming ripe with a variety of industry opportunities just waiting to be plucked by hungry entrepreneurs.

Eco-Friendly Building 

Everything is going green, including the materials we use to construct buildings. Improvements have made green building materials more affordable and sustainable than ever before. Building owners realize using sustainable building materials results in lower energy consumption and less waste production.

Translation Technology and Services

The U.S. Bureau of Labor Statistics reports that there will be a nearly 50 percent increase in translation jobs between 2012 and 2022. Entrepreneurs can jump on this opportunity by offering translation services to businesses looking to go global. Web page content, apps and social media pages need to be translated and optimized for different countries. There’s never been a better time to be multilingual.

Wind Energy 

Going back to environmentally friendly practices, universities, corporations and municipalities are more open than ever to the idea of buying renewable energy. Business owners have developed a desire to decrease their carbon pollution output and the amount they spend on traditional energy sources. One thing to keep in mind with this particular industry is that U.S. policies can restrict how the wind energy business operates. What this means is that entrepreneurs interested in this industry should not only pay attention to government policy decisions but think about going international with their business as well.

These are just a few examples of industries in which entrepreneurs can expect to create thriving businesses. That being said, you’ll still want to do your homework and put in several hours of hard work to truly take advantage of opportunities. Best of luck!

Eddie Dovner is an entrepreneur, inventor, and CEO who is based in West Palm Beach, Florida. Learn more about Eddie Dovner by visiting his pages on LinkedIn, Twitter, and SlideShare. Also, please learn more by visiting EdwardDovner.org and EddieDovner.com.