Business Opportunities for 2008

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A new year, and plenty of new opportunities. What would be the very best business ideas for this year, in which many economics predict an economic recession?

Aging population
It’s a problem many western countries have to deal with. In the U.S., the Bureau of Labor has predicted there will be one million nursing positions by 2020 that can’t be filled because of lack of educated talent. For you as an entrepeneur, look at opportunities for mobility aid, health care services, aid for the mental or physical disabled, anti-aging products, senior travel, funeral and/or retirement planning services, retiree support. Also think about the luxury items the elderly purchase of their life-long savings. Japanese elderly have small families due to the one-child policy and many own a small dog, pampering it with designer clothes and gourmet food.

Environment
A slow but steady increase in wanting to protect the environment has created a huge niche market that is primed and wide open for innovative entrepreneurs to take advantage of. Opportunities could include alternative energy sources (Dutch young entrepreneurs intend to get environmentally more friendly energy from seaweed), consulting people in living ‘green’, organic or locally produced food, organic clothing, landscaping using water conservation methods.

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