If your small business is in the right industry, say, farming oilseeds and corn, your past year has likely experienced some gangbusters sales growth. According to recent analysis by Sageworks, several of the fastest growing businesses were in sectors that grew at a double-digit clip during the past 12 months. Sageworks analyst Libby Bierman states, “Construction, metal works, architecture and real estate have all benefitted from the improvement of the housing market this year.” Makes sense: Six of the 10 industries on the list are somehow tied to construction.
According to Sageworks, here are the top 10 fastest-growing small business industry sectors.
10. Foundation, structure, and building exterior contractors-concrete roofing, and siding (10.6% Growth)
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9. Specialty food stores (11.0%)
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8. Utility system construction such as water, sewer, oil, gas and electricity (11.3%)
(Photo: via wikimedia commons)
7. Metal product manufacturing (11.9%)
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6. Computer design (13.4%)
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5. Management scientific and technical consulting (13.9%)
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4. Architecutre and engineering (14.2%)
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3. Real estate agents (14.6%)
(Image: on Flickr via Nick Bastian)
2. Finishing contractors: dry wall, painting, and flooring (15.0%)
(Photo: via wikimedia commons)
1. Oil seed and grain farming such as corn, soy and wheat (19.5%)
(Image via wikimedia commons)
