Here are more of what I think will be the best business opportunities of 2005, for those looking to start or invest in a business:
6) Virtual Assistants
It's taken a while for businesses to appreciate the concept of virtual work, but most get it now, and the demand for reliable Virtual Assistants will only grow as small businesses start to realize how many different tasks Virtual Assistants are capable of and how Virtual Assistants can be potent, part-time staff.
7) Security Products
It's the business to business side of this industry that will provide the best business opportunity this year. While sales of camera surveillance and alarm systems will increase, there will also be a great increase in the sales of fingerprint and retinal ID security systems, as businesses (and governments) seek ever-more "foolproof" security.
8) Chocolate Anything
Perhaps in reaction to last year's endless diet, or perhaps just because it tastes really, really good and no one's ever been able to come up with a substitute that even comes close, chocolatiers are going to do a booming business this year. Even if you're not one, you may be able to get in on this best business opportunity by adding something chocolate to your own product line.
9) Cat Products
Remember the Al Stewart album? Well this is it; The Year of the Cat. There are now more (pet) cats than dogs in North America, and you'd better believe those pet felines are pampered. Cat care products, cat beds, cat toys, mugs and calendars with cat pictures on them - cats are back. Another thought for cashing in on this best business opportunity; more and more pet owners are becoming convinced that "natural" foods are better for their pets.
10) Online Gambling
In terms of potential profit, perhaps I should have listed this best business opportunity first. But although there's a huge demand for it (any kind of gambling actually), this is a heavily regulated industry and only for those with lots of patience and deep pockets. (Investors take note: gambling casinos are incredibly popular, too.)
And one more best business opportunity: Construction Related Trades. The continued strength of the home renovation market coupled with the demand for new construction is going to make this yet another banner year for drywallers, electricians, plumbers, framers - whatever your trade, you're going to be in demand this year.
