The Best Small Businesses Opportunities for 2018

 

2.Skilled Trades

t’s unfortunate that nowadays that some parents have a tendency to discourage their children from considering skilled trades as a career choice, in part due of the erroneous belief that trades are poorly paid. In fact, skilled tradespeople are generally very well paid and enjoy satisfying careers.

It has been estimated that 40% of current tradespeople will be retiring in the next decade, creating a huge demand for talented workers in trades such as:

  • Welding
  • Carpentry and general construction
  • Plumbing, pipefitting and steamfitting
  • Electrical and electronic control systems
  • Heating, ventilation, air conditioning, and refrigeration (HVAC)
  • Machinists and Metalworkers
  • Masonry
  • Steelworking

The nature of skilled trades makes them ideally suited for self-employment:

  • High salaries and strong demand for experienced tradespeople in most locations
  • Most trades can be operated as home-based businesses as the work is performed at the customer job site
  • Compared to many businesses, startup capital costs are relatively low for most skilled trades, and most cannot be automated to any degree, ensuring future job security
  • The ability to relocate to other jurisdictions where demand is stronger. Many experienced tradespeople take advantage of opportunities in remote or overseas locations to command much higher levels of compensation.

Why not take advantage of the demand and consider one of the skilled trades as your next business opportunity?