{"id":1652,"date":"2019-12-20T10:05:06","date_gmt":"2019-12-20T10:05:06","guid":{"rendered":"https:\/\/kobotalk.com\/?p=1652"},"modified":"2020-07-09T21:30:48","modified_gmt":"2020-07-09T21:30:48","slug":"industries-to-invest-in-2020","status":"publish","type":"post","link":"https:\/\/kobotalk.com\/BLOG\/industries-to-invest-in-2020\/","title":{"rendered":"These are the Top 10 Industries to Invest in 2020"},"content":{"rendered":"Reading Time: <\/span> 7<\/span> minutes<\/span><\/span>
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In this post I highlight 10 Industries to invest in 2020.\u00a0 If you desire to own your own business this year, the tips here will help you make informed decisions.<\/p>\n

The type of business you chose to do is a critical to your success as an entrepreneur.\u00a0 Most aspiring entrepreneurs make the mistake of believing that selling what people need is the silver bullet in choosing a business idea.<\/p>\n

They often get over confident that they can get into any industry, sell any product or offer any solution and become successful at it.<\/p>\n

It really doesn’t work that way!<\/p>\n

Have you ever observed a fisherman ply his trade?\u00a0 He looks for the deepest part of the river to cast his nest?\u00a0 Why? Because he knows that is where the big fishes are!<\/p>\n

Thus, it is important that when planning to start your business<\/a>, you spend some time to do your analysis very well so that you can identify where the money is.<\/p>\n

Here now is my list of top 10 industries to invest in 2020<\/span>\u00a0<\/h2>\n

#1.\u00a0Financial Services\u00a0 \u00a0\u00a0<\/strong><\/h2>\n

Financial Services is top on my list of industries to invest in 2020. Someone told me that the money is in the money and I agree.<\/p>\n

There are a lot of money to make in financial services.\u00a0 Every body desires to live a good life and to do so one has to be able to afford most of the things he needs – food, clothing, shelter, access to good education, quality health care, vacations and things like that.<\/p>\n

Living a good and happy life requires money.\u00a0 “Money answereth<\/em> all things”, wrote the greatest King that ever lived, King David in the bible book of Proverbs.<\/p>\n

Every sector in financial services can make you money in 2020 and they are many…<\/p>\n

Asset Management, Investment, Savings, Loans, Consumer Finance, Brokerage Services and Insurance are all hot areas that will remain so for many years to come.<\/p>\n

Find a product, service or solution to help make financial services delivery easier and better.\u00a0 Think of a solution or service to improve financial inclusion or bring the poor segment of the society to the financial system.\u00a0<\/p>\n

Initiate a financial cooperative, investment club, thrift collection, loan services, etc.;\u00a0 or develop an app that make things easy for people rendering such services. You will definitely smile to the bank.<\/p>\n

#2.\u00a0Technology and Innovation\u00a0<\/strong><\/h2>\n

Technology and innovation have been described as the 4th industrial revolution.\u00a0 Opportunities here are massive as technology innovation becomes core to all types of businesses.<\/p>\n

Three key technology will drive business transformation, impact life, society and the environment in the next three years.\u00a0 These are Artificial Intelligence (AI), Internet of Things (IoT) and Robotics.\u00a0<\/p>\n

The winners are those entrepreneurs who get creative. They adopt technology to disrupt existing business models by making services better, enhance benefit or make things work faster.<\/p>\n

According to a study by KPMG, healthcare, media, transportation and retail are industries that will witness the greatest disruptions or transformations in the next three years.<\/p>\n

You need not reinvent the wheel, Just get creative.<\/p>\n

#3.\u00a0Healthcare <\/strong>\u00a0\u00a0<\/h2>\n

The healthcare industry will always be a lucrative one.\u00a0 The reason is that good health is a primary need of man.\u00a0 People will always spend money to maintain good health, keep fit and live longer.<\/p>\n

In America, national spending on healthcare is projected to grow faster than GDP at roughly 6% annually up to 2026. Similarly, healthcare related occupations is projected to grow at 18% within the same time period.<\/p>\n

That is huge opportunity.\u00a0<\/p>\n

Any product or service that will help people live longer and healthier life is a money making opportunity for entrepreneurs.<\/p>\n

Some of the services may require special training, others may not. Medical tourism, medical fairs, equipment sales, medical waste recycling, sperm bank and herbal remedies are some of the business concepts an entrepreneur can explore in healthcare.<\/p>\n

#4. Real Estate and Construction\u00a0<\/h2>\n

Projected at 8 billion by the year 2025, the world population is growing rapidly and so is the need for infrastructure. The United Nations projects that there will be 10 billion people in the world by the year 2050.<\/p>\n

That is ten billion human beings that will need housing,\u00a0 recreation facilities,\u00a0 business places,\u00a0 shopping centers,\u00a0 play grounds,\u00a0 et cetera.\u00a0<\/p>\n

Which sector is responsible for providing these things? Real Estate and Construction Industry!<\/p>\n

Can you see the opportunities?\u00a0 Real Estate and construction business will continue to expand as the world population grows.\u00a0 Investing in real estates comes with so many benefits.<\/p>\n

It not only store value but also appreciates in value over time. It provides significant amount of passive income and offers enormous amount of tax benefits.\u00a0 This is the reason every wealthy person you know have real estate asset in his portfolio.<\/p>\n

The good news is that there are many ways to invest in real estates<\/a>.\u00a0 \u00a0So if you don’t want to deal with the issues of managing real estate business or you are one who find dealing with tenants boring; settle with earning passive income by exploring one of the investment options.<\/p>\n

The common challenge for many people is that investing in or starting a real estate business may require huge capital outlay and the processes may be daunting for the average person.\u00a0 The good news is that you can easily acquire useful knowledge by accessing relevant resources online, many for free.<\/p>\n

Considering cutting from the real estate pie and don’t know how to go about it?\u00a0 This beginner’s guide to real estate investing<\/a> will help you get started.<\/p>\n

#5.\u00a0Education and Training\u00a0 <\/strong><\/h2>\n

Education will continue to be a thriving industry as more and more people seek knowledge.\u00a0 And with all the technological changes taking place, knowledge will become more critical.<\/p>\n

People will always want to learn and equip themselves with new skills in order to become relevant in the new space, the space of software, robotics and artificial intelligence.<\/p>\n

The opportunities exist in connecting different kinds of people, professionals, executives, etc with new sets of 21st century skills to help them get more sophisticated jobs, deliver better service, become more efficient and more profitable.<\/p>\n

Beyond traditional learning, opportunities also exist in non-traditional education. Entrepreneurs who set up systems to provide solutions that make learning better, faster and more efficient are in for the money.\u00a0 And here I consider virtual learning, app based delivery and tutor finder services.<\/p>\n

#6. Entertainment and Recreation<\/strong> \u00a0<\/h2>\n

After all the hustle and bustle trying to make money and live good life, people seek entertainment.\u00a0 In fact, people demand it.\u00a0 And entertainment is so wide.\u00a0<\/p>\n

Music, movies, video production, animation, special effects… Big companies are going into entertainment and the industry is one yet to be fully disrupted. Talk of Netflix, Amazon Prime, Disney, are some of the big players in the business of facilitating entertainment.<\/p>\n

The growth of social media has created new breed of entertainment that is gradually becoming a multi billion dollar industry.\u00a0 I am talking about social media influencers with platforms like YouTube, Instagram and Facebook.\u00a0 In addition, comedy has become a huge sub sector and never before has stand up comedians made so much money than now.<\/p>\n

You need not be in the main stream entertainment to eat a piece of the entertainment cake.\u00a0 Just think of a solution, product or service around the mainstream and create a company to deliver that service.<\/p>\n

#7. Energy and Power<\/strong> \u00a0<\/h2>\n

Energy is critical to life.\u00a0 We need energy to power our homes, offices, factories, markets, recreation centers.\u00a0 Vehicles, trains, air crafts, machines, home appliances need energy to function.<\/p>\n

There are questions around traditional energy sources and the impact on the environment. Though these traditional sources or non renewable energy such as gas, oil and coal still account for the majority of world energy supply, the movement is towards renewable energy such as solar, wind, hydro power, biomass.<\/p>\n

Nations and corporations now invest billions of dollars in cleaner and renewable energy sources.\u00a0 But even as a small scale entrepreneur, if you can come out with solutions to service the big players in this industry or to meet a tiny need in the sector, you can be making millions if not billions.<\/p>\n

The energy sector is capital intensive and so you have to connect with people and professionals to help in funding.\u00a0 You also must develop relationship with government because you will need them for licensing and concessions.<\/p>\n

#8.\u00a0Transportation and Logistics\u00a0\u00a0<\/strong><\/h2>\n

Two factors will continue to drive the opportunities in transport and logistics and these are the growing global population and the increasing popularity of e-commerce.<\/p>\n

The number of people that need transport to move around locally is huge and so also is is the rate of migration. More and more people travel to different parts of their local countries and many others migrate outside their countries to many parts of the world in search of better life … the greener pastures.<\/p>\n

The demand for mass transit systems, personal vehicles, aerospace, rail and water transportation will continue to be hot and so are the ancillary or support services around the industry.<\/p>\n

Many people now shop online and big online stores like Amazon and Alibaba ship goods all over the world to their virtual customers.\u00a0 :Local online stores are also springing up as more and more people take to online shopping for its convenience and sometimes lower costs.<\/p>\n

This is increasing the need for more delivery service operators, shippers and air freight service providers. Can you make delivery better or faster, can you improve the logistics of online shoppers? It could be a simple solution or software that help the major players to make their service better.<\/p>\n

Then you are in the money.<\/p>\n

#9. Food and Food Processing\u00a0<\/strong><\/h2>\n

We have seen that the world population is growing astronomically.\u00a0 These billions of people will not only need shelter or have the need to move about or learn new skills, they will also need food.<\/p>\n

Even the animals we keep as pets or breed for meet will need to eat.\u00a0 The food industry is a big one and value chain is wide. People don’t just want to eat, they want to eat healthily.<\/p>\n

So if you think of solutions that makes food production better, easier, faster and healthier or its delivery better.\u00a0 Think of cost effective way to make food available and you are in to make millions.<\/p>\n

The food industry will not go away.<\/p>\n

#10.\u00a0Agriculture\u00a0\u00a0<\/strong><\/h2>\n

Agriculture is one of the lucrative industries to invest in 2020. Any difference between food and agriculture? some may want to ask.<\/p>\n

Yes, the former is derived from the later but agriculture is more expansive.\u00a0 While food business basically entails the packaging, processing and making available food for people to eat.\u00a0 Food itself is a product of agriculture. Agriculture encompasses production, research and development and will include technical concepts like genetic engineering, plant breeding and plant protection.<\/p>\n

The opportunities in the sector is huge including crop farming, animal husbandry and horticulture, A smart entrepreneur will develop systems to make agricultural production better. One entrepreneurs are doing is by applying technology tools to improve seedling and increase yield.<\/p>\n

Others are applying technology to marketing of agricultural production and raising funding for agricultural projects.<\/p>\n

What services, products or solutions can you think of to help improve agricultural production and projects within the value chain. Can your solution make it better, faster, more profitable or easier for consumers to access.<\/p>\n

Create it, implement it and smile to the bank.<\/p>\n

FINAL WORDS<\/h3>\n

Let me conclude by emphasizing that we are in a digital age and as we begin a new decade in 2020 the impact of technology will become so pervasive that any business that’s not online will be missing on massive opportunities.\u00a0<\/p>\n

Already we have started seeing this but in the next decade those who have digital skills will be in high demand to provide services to these industries highlighted here.\u00a0\u00a0<\/p>\n

Is there other industries you think should be included in this list?\u00a0 Let’s have your comment below.\u00a0<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

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Economic challenges and bad government policies\u2026","rel":"","context":"In "Grow Your Business"","block_context":{"text":"Grow Your Business","link":"https:\/\/kobotalk.com\/BLOG\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/cdn.shortpixel.ai\/spai\/q_lossy+ret_img+to_webp\/i0.wp.com\/kobotalk.com\/BLOG\/wp-content\/uploads\/2018\/04\/online-jobs.jpg?fit=942%2C628&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/cdn.shortpixel.ai\/spai\/q_lossy+ret_img+to_webp\/i0.wp.com\/kobotalk.com\/BLOG\/wp-content\/uploads\/2018\/04\/online-jobs.jpg?fit=942%2C628&ssl=1&resize=350%2C200 1x, https:\/\/cdn.shortpixel.ai\/spai\/q_lossy+ret_img+to_webp\/i0.wp.com\/kobotalk.com\/BLOG\/wp-content\/uploads\/2018\/04\/online-jobs.jpg?fit=942%2C628&ssl=1&resize=525%2C300 1.5x, https:\/\/cdn.shortpixel.ai\/spai\/q_lossy+ret_img+to_webp\/i0.wp.com\/kobotalk.com\/BLOG\/wp-content\/uploads\/2018\/04\/online-jobs.jpg?fit=942%2C628&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":4316,"url":"https:\/\/kobotalk.com\/BLOG\/how-to-set-up-a-business-in-nigeria-a-guide-to-foreigners\/","url_meta":{"origin":1652,"position":1},"title":"How to Set Up A Business In Nigeria: A Guide to Foreigners","author":"Buchi","date":"July 1, 2022","format":false,"excerpt":"Nigeria is a viable destination for business and investment. This explains why a growing number of foreigners want to invest in the country.\u00a0 Are you one of those foreign nationals who is looking towards Nigeria for business and investment? The guidance this post provides, will get you started. Why Invest\u2026","rel":"","context":"In "Grow Your Business"","block_context":{"text":"Grow Your Business","link":"https:\/\/kobotalk.com\/BLOG\/category\/business\/"},"img":{"alt_text":"foreigners set up a business in Nigeria","src":"https:\/\/cdn.shortpixel.ai\/spai\/q_lossy+ret_img+to_webp\/i0.wp.com\/kobotalk.com\/BLOG\/wp-content\/uploads\/2022\/07\/business-team.jpg?fit=640%2C385&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/cdn.shortpixel.ai\/spai\/q_lossy+ret_img+to_webp\/i0.wp.com\/kobotalk.com\/BLOG\/wp-content\/uploads\/2022\/07\/business-team.jpg?fit=640%2C385&ssl=1&resize=350%2C200 1x, https:\/\/cdn.shortpixel.ai\/spai\/q_lossy+ret_img+to_webp\/i0.wp.com\/kobotalk.com\/BLOG\/wp-content\/uploads\/2022\/07\/business-team.jpg?fit=640%2C385&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":480,"url":"https:\/\/kobotalk.com\/BLOG\/online-businesses\/","url_meta":{"origin":1652,"position":2},"title":"Online Businesses: You Can Start These 10 Even If You Don’t Have Money","author":"Buchi","date":"June 8, 2018","format":false,"excerpt":"Are you looking for a smart business to start right now that requires little or no capital investment? Then consider starting an online business. Many online businesses offer you that chance to make your mark as an entrepreneur without having to invest so much in terms of cash. Truth is,\u2026","rel":"","context":"In "Business Ideas"","block_context":{"text":"Business Ideas","link":"https:\/\/kobotalk.com\/BLOG\/category\/business-ideas\/"},"img":{"alt_text":"online businesses","src":"https:\/\/cdn.shortpixel.ai\/spai\/q_lossy+ret_img+to_webp\/i0.wp.com\/kobotalk.com\/BLOG\/wp-content\/uploads\/2017\/08\/img4.jpeg?fit=822%2C548&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/cdn.shortpixel.ai\/spai\/q_lossy+ret_img+to_webp\/i0.wp.com\/kobotalk.com\/BLOG\/wp-content\/uploads\/2017\/08\/img4.jpeg?fit=822%2C548&ssl=1&resize=350%2C200 1x, https:\/\/cdn.shortpixel.ai\/spai\/q_lossy+ret_img+to_webp\/i0.wp.com\/kobotalk.com\/BLOG\/wp-content\/uploads\/2017\/08\/img4.jpeg?fit=822%2C548&ssl=1&resize=525%2C300 1.5x, https:\/\/cdn.shortpixel.ai\/spai\/q_lossy+ret_img+to_webp\/i0.wp.com\/kobotalk.com\/BLOG\/wp-content\/uploads\/2017\/08\/img4.jpeg?fit=822%2C548&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":1985,"url":"https:\/\/kobotalk.com\/BLOG\/business-plan-2\/","url_meta":{"origin":1652,"position":3},"title":"Business Plan – Is It Still Relevant Today?","author":"Buchi","date":"February 28, 2020","format":false,"excerpt":"One prominent Nigerian entrepreneur caused a stir at a certain business conference for aspiring entrepreneurs where he was a guest speaker. At that conference, he told his mesmerized audience that he didn't believe in writing a business plan. One of his obviously confused wannabe entrepreneur in the audience stood up\u2026","rel":"","context":"In "Business Ideas"","block_context":{"text":"Business Ideas","link":"https:\/\/kobotalk.com\/BLOG\/category\/business-ideas\/"},"img":{"alt_text":"business plan","src":"https:\/\/cdn.shortpixel.ai\/spai\/q_lossy+ret_img+to_webp\/i0.wp.com\/kobotalk.com\/BLOG\/wp-content\/uploads\/2017\/08\/to-start.jpg?fit=728%2C500&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/cdn.shortpixel.ai\/spai\/q_lossy+ret_img+to_webp\/i0.wp.com\/kobotalk.com\/BLOG\/wp-content\/uploads\/2017\/08\/to-start.jpg?fit=728%2C500&ssl=1&resize=350%2C200 1x, https:\/\/cdn.shortpixel.ai\/spai\/q_lossy+ret_img+to_webp\/i0.wp.com\/kobotalk.com\/BLOG\/wp-content\/uploads\/2017\/08\/to-start.jpg?fit=728%2C500&ssl=1&resize=525%2C300 1.5x, https:\/\/cdn.shortpixel.ai\/spai\/q_lossy+ret_img+to_webp\/i0.wp.com\/kobotalk.com\/BLOG\/wp-content\/uploads\/2017\/08\/to-start.jpg?fit=728%2C500&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":2528,"url":"https:\/\/kobotalk.com\/BLOG\/small-business\/","url_meta":{"origin":1652,"position":4},"title":"What Small Business Can I do With NGN100,000 or Less?","author":"Buchi","date":"September 29, 2020","format":false,"excerpt":"What kind of small business can I do with 100,000?\u00a0 I get asked this question very often.\u00a0 Fact! There's always a small business that you can do with little capital.\u00a0 However, I don't think this is the right question to ask when you are thinking of starting a business. The\u2026","rel":"","context":"In "Business Ideas"","block_context":{"text":"Business Ideas","link":"https:\/\/kobotalk.com\/BLOG\/category\/business-ideas\/"},"img":{"alt_text":"small business","src":"https:\/\/cdn.shortpixel.ai\/spai\/q_lossy+ret_img+to_webp\/i0.wp.com\/kobotalk.com\/BLOG\/wp-content\/uploads\/2017\/12\/annual-report-and-accounts.jpg?fit=942%2C628&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/cdn.shortpixel.ai\/spai\/q_lossy+ret_img+to_webp\/i0.wp.com\/kobotalk.com\/BLOG\/wp-content\/uploads\/2017\/12\/annual-report-and-accounts.jpg?fit=942%2C628&ssl=1&resize=350%2C200 1x, https:\/\/cdn.shortpixel.ai\/spai\/q_lossy+ret_img+to_webp\/i0.wp.com\/kobotalk.com\/BLOG\/wp-content\/uploads\/2017\/12\/annual-report-and-accounts.jpg?fit=942%2C628&ssl=1&resize=525%2C300 1.5x, https:\/\/cdn.shortpixel.ai\/spai\/q_lossy+ret_img+to_webp\/i0.wp.com\/kobotalk.com\/BLOG\/wp-content\/uploads\/2017\/12\/annual-report-and-accounts.jpg?fit=942%2C628&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":2960,"url":"https:\/\/kobotalk.com\/BLOG\/15-of-the-best-small-business-ideas-to-start-in-2022\/","url_meta":{"origin":1652,"position":5},"title":"15 of the Best Small Business Ideas to Start In 2022","author":"Buchi","date":"December 23, 2021","format":false,"excerpt":"Looking for small business ideas to start in 2022 and beyond? Here's a list to choose from. Why start a business?\u00a0 Simple answer! Unemployment is not abating. The impact of Covid-19 is still heavy and factories are either closing down or down scaling operations.. Consumer spending is also lowering.\u00a0 However,\u2026","rel":"","context":"In "Business Ideas"","block_context":{"text":"Business Ideas","link":"https:\/\/kobotalk.com\/BLOG\/category\/business-ideas\/"},"img":{"alt_text":"small business ideas","src":"https:\/\/cdn.shortpixel.ai\/spai\/q_lossy+ret_img+to_webp\/i0.wp.com\/kobotalk.com\/BLOG\/wp-content\/uploads\/2018\/04\/car-wash.2-scaled.jpg?fit=837%2C628&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/cdn.shortpixel.ai\/spai\/q_lossy+ret_img+to_webp\/i0.wp.com\/kobotalk.com\/BLOG\/wp-content\/uploads\/2018\/04\/car-wash.2-scaled.jpg?fit=837%2C628&ssl=1&resize=350%2C200 1x, https:\/\/cdn.shortpixel.ai\/spai\/q_lossy+ret_img+to_webp\/i0.wp.com\/kobotalk.com\/BLOG\/wp-content\/uploads\/2018\/04\/car-wash.2-scaled.jpg?fit=837%2C628&ssl=1&resize=525%2C300 1.5x, https:\/\/cdn.shortpixel.ai\/spai\/q_lossy+ret_img+to_webp\/i0.wp.com\/kobotalk.com\/BLOG\/wp-content\/uploads\/2018\/04\/car-wash.2-scaled.jpg?fit=837%2C628&ssl=1&resize=700%2C400 2x"},"classes":[]}],"jetpack_shortlink":"https:\/\/wp.me\/p96205-qE","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/kobotalk.com\/BLOG\/wp-json\/wp\/v2\/posts\/1652","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kobotalk.com\/BLOG\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kobotalk.com\/BLOG\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kobotalk.com\/BLOG\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kobotalk.com\/BLOG\/wp-json\/wp\/v2\/comments?post=1652"}],"version-history":[{"count":0,"href":"https:\/\/kobotalk.com\/BLOG\/wp-json\/wp\/v2\/posts\/1652\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kobotalk.com\/BLOG\/wp-json\/wp\/v2\/media\/496"}],"wp:attachment":[{"href":"https:\/\/kobotalk.com\/BLOG\/wp-json\/wp\/v2\/media?parent=1652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kobotalk.com\/BLOG\/wp-json\/wp\/v2\/categories?post=1652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kobotalk.com\/BLOG\/wp-json\/wp\/v2\/tags?post=1652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}