There are no guarantees when it comes to a start-up’s success. In fact, 8 out of 10 entrepreneurs who start businesses fail within the first 18 months.
By way of example, the top 25 public companies in the gaming industry made $54.1 billion in revenues last year, according to research-firm Newzoo. The 2014 totals represent a 10.4 percent increase over the prior year, which indicates the gaming industry is poised for growth.
According to Inc.com, below are the most promising industries for start-ups in 2015:
Food e-commerce: Buying food online is not yet commonplace, but consumers have shown a willingness to try new services that make their lives easier.
Legal marijuana: While new businesses are operating in unchartered territory, the possible rewards are significant.
Gamification services: While relatively new, the notion of using game elements in non-gaming fields to engage employees and customers is gaining traction.
Agricultural software: The software sector, which helps farmers boost profitability, is expected to grow from $1.5 billion today to $2 billion in 2019.
Relaxation beverages: The energy drink industry is taking a chill pill with the growing popularity of drinks intended to have the opposite effect by promoting sleep and relaxation.
There are several common themes that unite these industries. First, they all capitalize on an unmet need. For instance, the food e-commerce sector is responding to Americans’ desire to eat healthy without having to spend a lot of time, i.e. trekking to their local farmer’s market. Many of the hottest industries, including agricultural software and gamification services, are also adapting existing technology to new fields.
Of course, simply entering a “hot” industry does not mean your start-up enterprise will be successful. From assembling the right team to creating a comprehensive business plan to choosing the right legal entity, there are countless steps that entrepreneurs must take before they hit it big. To get on the right track, it is advisable to consult with an experienced business attorney.
When done successfully, industry roll-up acquisitions can dramatically grow and strengthen your business. In this post, we break down what an industry roll-up is, why companies pursue it, and what makes it an effective (and sometimes risky) business strategy. What Is an Industry Roll-Up Acquisition? In an industry roll-up acquisition of companies, a buyer acquires multiple companies […]
Genesis Mission: How the U.S. Government’s New AI Platform Will Reshape Corporate Innovation, Risk, and Competition
The federal government has launched one of the most ambitious scientific initiatives in decades, and it will redefine how companies develop technology, manage risk, and compete. The Genesis Mission, created by Executive Order and driven by the Department of Energy (“DOE”), is intended to accelerate scientific discovery through a national AI platform that links supercomputers, […]
Stablecoins and the GENIUS Act: How New Global Rules Are Reshaping Compliance
Stablecoins Leave the Grey Zone Stablecoins were supposed to be the “boring” part of crypto: digital dollars that just work. Yet for years they have lived in a regulatory no-man’s-land, classified one day as securities, the next as commodities, and sometimes as something regulators had not even named yet. That uncertainty is finally starting to […]
Don’t Overlook the Importance of Business License Management
If you operate a business without the proper license, you risk fines, insurance issues, reputational harm, and even business closure. Even innocent mistakes, like forgetting to renew a license, can have significant consequences, such as losing your lawsuit for payment of services that are unlicensed, which makes it imperative to have business license management procedures […]
Failing to Comply With NJ Rent Control Exemption May Prove Costly
What Developers Need to Know About New Jersey’s Rent Control Exemption Law to Ensure Entitlement to Exemption for Newly Constructed Multi-family Housing. A property owner in Jersey City is facing a $400 million federal class action lawsuit alleging that the landlord did not follow the procedural steps required to be eligible for exemption from local […]
Crypto Securities Law: When Tokens Become Investment Contracts
The application of traditional federal securities laws to crypto assets continues to evolve. In some cases, the Securities and Exchange Commission (SEC) considers tokens and other digital assets to be securities. This makes them subject to federal securities law, including the Securities Act of 1933 and the Securities Exchange Act of 1934. This classification has […]
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Sign up to get the latest from our attorneys!
Explore What Matters Most to You.
Consider subscribing to our Firm Insights mailing list by clicking the button below so you can keep up to date with the firm`s latest articles covering various legal topics.
Stay informed and inspired with the latest updates, insights, and events from Scarinci Hollenbeck. Our resource library provides valuable content across a range of categories to keep you connected and ahead of the curve.
Let`s get in touch!
Sign up to get the latest from the Scarinci Hollenbeck, LLC attorneys!
