It is an exciting time to invest in a company as New Zealand is experiencing promising economic growth even in the midst of the global Covid –19 pandemic.
JD Hyslop, a business broker at LINK Business says that if you are looking to buy a new business or find a new entrepreneurial challenge, it does help to know exactly which industries are booming, to look ahead to the ones that are expected to thrive and grow the most over the next decade.
He cites research by American financial solutions company Fundera that used data from the United States Bureau of Labour Statistics, market research firms and investment firms to rank the top ten industries based on forecasted revenue, forecasted output and venture capital investment.
Their list of industries expected to generate the most money, products, and jobs over the next ten years is topped by technology, followed by health and energy.
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Coming in at numbers four and five are media and consumer retail, followed by construction, hospitality and finance. Real estate and transportation round out the top ten.
It is unsurprising that technology comes out on top, says Fundera, as “technology is at the heart of nearly everything we do and experience these days,". Tech companies outperformed other industries across the board.
Hyslop says that New Zealand's digital future is happening now, thanks to Covid-19.
“The pandemic has accelerated our experience and the reliance on technology. For most of us now it would be difficult to think about the world before Covid-19, but the nation's digital future is no longer a conversation. It is happening now,” he says.
Hyslop says reliance on this sector has created a boom in IT service businesses to satisfy the increased thirst to upgrade software, keep spy systems current and make sure organisations are able to function at full capacity.
Finding these types of business for sale can be difficult, but Hyslop has a business is for sale that meets all the criteria right now.
“After over 25 years in the industry, this IT Service business has gained a reputation of experience and is ready for some new blood to take the business to new heights,” he says.
The company offers a high level of complete and proactive IT support services, for all businesses ranging from small to large corporate companies and private clients, nationwide. The client base covers all aspects of businesses including manufacturers, consulting and industrial.
“With minimal competition in this sector its truly a golden opportunity, for someone to be their own boss, run their own company and not stress about massive overheads, staff and excessive running costs.
“This is an outstanding opportunity for someone looking at getting into the industry or potentially someone looking at acquiring an add-on business in this space,” Hyslop says.
