Fri 4 Aug 2006
Thanks for your blogs, Buzz.
Where do you see the biggest opportunity for growth in business right now?
The business world is so integrated that a development in one area will mean trickle-down developments in other areas… making it very difficult to answer your question!
I think that manufacturing is on the decline right now: the economy is strong but consumers are wary… an early sign of a slowdown. As well, many manufacturers are looking to trim costs and move jobs out of urban centers… making it difficult for the “small guys” (or women) to compete.
The online world is huge and growing as people find new ways of transferring money and shipping goods. But software and information products are beginning to peak… unless it's a completely new topic, you're seeing increasing competition on the bigger topics (diet, making money, etc.)
I think the biggest opportunity for people right now is in services, either services performed online or in person. People are busy and getting busier; they are stressed and becoming more stressed; they are tired and in danger of becoming more tired… they want someone else to do the things they don't want to do (or don't have time to do) because there's only a sliver of personal time left and they don't want to give it up. So services like concierge services or planners are good. But so are twists on old jobs… like mobile car repair or dentists who do house calls… generally, businesses that will meet people where they are at.
Good luck in your business!