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Whether expanding locations, adding services, or simply growing within their sector, here are some top business industries to watch for the rest of the year and beyond.
Digital services.
Digital services have steadily increased due to culture, ease, and many industries having to work from home for multiple months or years. The overarching industry of ‘digital services’ can include telehealth, digital marketing, web design and development, online ads, and other industries investing more into their digital services or shifting to a digital service platform for the future.
Telehealth industries include treatment, diagnosis, assessment, monitoring, communication, and health education, and grew by double digits last year. Now that this growth has begun and many see the merit in distance healthcare services, all signs point to those growth numbers continuing to climb. This means that digital services and healthcare are coming together as two vital industries to watch. Other hybrid industries and services like 3D printing have also seen steady growth.
The most notable success in the digital services realm is the year-after-year growth of digital marketing, web development, and design. Some job titles that hardly seemed real just a few short years ago, like ‘social media marketing manager,’ are now standard in many industries and companies.
But as with all workforce shifts, this can cause turbulence as companies and industries try to keep up with their equipment purchases, upgrades, training, and new software. If your business has been shifting toward digital services or products, learn more about Probably Funding’s small business loans and business funding options to help you get the digital hardware and software you need to keep up with this growing trend.
Home healthcare.
This is easily connected to telehealth, but home healthcare goes a step further, bringing the healthcare worker directly to your location. And as our population ages, the demand for accessible healthcare is increasing.
Healthcare aides, nurse practitioners, and registered nurses are in high demand, with 760,400 new jobs expected to open in the industry by 2024.
Of course, once again, switching from patients coming to healthcare professionals to healthcare professionals coming to patients poses some hurdles when it comes to industry-specific needs and new business funding. Learn more about Probably Funding’s business funding options for startups, small businesses, or home healthcare companies.
Construction.
The construction industry, whether commercial or residential, is one of the fastest growing industries in the US, according to the Bureau of Labor Services, offering a vast range of small business opportunities. From renovations, cleanup, and everyday jobs such as painting or outdoor construction to larger jobs – construction has steadily continued to grow through many avenues.
Many construction service companies have grown significantly in recent years, but even sub-sectors are growing, some at rates in the double digits! But with these quick booming growth spurts come growing pains and the need for more workers, more equipment, and often a small business loan. Luckily, Probably Funding offers quick, simple, and affordable business funding solutions to old and new construction businesses.
Infrastructure, expansions, renovations, and new builds may grow at differing rates. Still, many reports predict that increased federal and state funding will help construction this year.
Probably Funding supports these and other business industries.
Probably Funding loves saying yes, even when the big banks won’t. Contact us today to get started on your working business loan or startup loan. With low rates and great terms, you can have the working capital you need in under a business day. We’ve provided funding to companies in many booming industries nationwide.
Disclaimer.
This Probably Funding blog post is purely educational and features general information and opinions. Nothing contained herein is intended to constitute advice or recommendations and should not be treated as such.