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.
Supreme Court and Title VII: Implications for Reverse Discrimination
Earlier this month, the U.S. Supreme Court issued a decision in Ames v. Ohio Department of Youth Services vitiating the so-called “background circumstances” test required by half of federal circuit courts.1 The background circumstances test required majority group plaintiffs pleading discrimination under Title VII of the Civil Rights Act to meet a heightened pleading standard […]
Special purpose acquisition companies (better known as SPACs) appear to be making a comeback. SPAC offerings for 2025 have already nearly surpassed last year’s totals, with additional transactions in the pipeline. SPACs last experienced a boom between 2020–2021, with approximately 600 U.S. companies raising a record $163 billion in 2021. Notable companies that went public […]
Short Form Merger: Streamlining the Process for Businesses
Merging two companies is a complex legal and business transaction. A short form merger, in which an acquiring company merges with a subsidiary corporation, offers a more streamlined process that involves important corporate governance considerations. A short form merger, in which an acquiring company merges with a subsidiary corporation, offers a more streamlined process. However, […]
Tariff Response Options for Small Businesses Facing Financial Distress
The Trump Administration’s new tariffs are having an oversized impact on small businesses, which already tend to operate on razor thin margins. Many businesses have been forced to raise prices, find new suppliers, lay off staff, and delay growth plans. For businesses facing even more dire financial circumstances, there are additional tariff response options, including […]
Common Causes of Partnership Disputes and How to Resolve Them
Business partnerships, much like marriages, function exceptionally well when partners are aligned but can become challenging when disagreements arise. Partnership disputes often stem from conflicts over business strategy, financial management, and unclear role definitions among partners. Understanding Business Partnership Conflicts Partnership conflicts place significant stress on businesses, making proactive measures essential. Partnerships should establish detailed […]
Businesses Are Facing Financial Headwinds—A Practical Guide
*** The original article was featured on Bloomberg Tax, April 28, 2025 — As a tax attorney who spends much of my time helping people and companies who have large, unresolved issues with the IRS or one or more state tax departments, it often occurs to me that the best service that I can provide […]
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!
