Business consulting for specialized niches as profitable business idea
In terms of overall employment growth, one of the fastest growing industries is the business consulting industry in specific areas of business activity and in terms of labor force or labor is expected to increase 5.9 per percent until 2016. The corporate layoffs have generated a wave of unemployed professionals who are trying to realign their skills to the field of consulting.
While competition is fierce in this space, entry barriers are low, and the industry as a whole is experiencing a great positive change because the large companies prefer to work with consultants smaller and more specialized.
Particularly in these times of crisis and recession, we see tremendous growth in demand: consultants that can help businesses save money, minimize financial losses, improve public relations and make an effective damage control.
The areas of work for consulting firms are also many industries and applications, for instance Technology Consultants, Business, Sales, Auditing, accounting consultants, technical consultants, special projects, among others.