2010 Business Trends

2010 Business Trends

This article is all about the 2010 Business Trends in various Industries.

According to Entrepreneur.com,

01) Economic Turmoil -

It's not the $700 billion bank bailout. And no, it's not the $787 billion American Recovery and Reinvestment Act of 2009. The real economic stimulus is ... wait for it ... the recession. That's right, the Great Recession. This upside-down economy is creating entrepreneurial opportunities aplenty, so long as you can deal with a situation about as stable as a lava flow.

02) Green Power -

Thanks to government incentives and changing public sentiment, clean energy is the most popular kid on the green movement block. The stimulus plan poured billions into renewable energy, automakers are all but predicting electric gridlock within the next few years, and everyone who's anyone in the electric power industry is investing in the "smart grid."

03) The Senior Care -

Bladders have never been bigger or badder. Same with vision care, cosmeceuticals and pretty much every other business associated with aging. You name it--catered tea parties, tech assistance, medical waste disposal, senior dating sites--you can profit from it. So forget how unsexy it sounds, because businesses aimed at retiring boomers are, well, booming.

04) Discount Retail -

Everyone's eating lower on the food chain these days. Consumer spending is down more than 30 percent from this time last year, to an average of $57 a day, according to a Gallup poll. And even those who can still afford to spend are beset by "luxury shame," which means high-end retailers are out, and discount shopping is in. Wal-Mart's earnings increased more than 5 percent this year, while Neiman Marcus reported a 14.8 percent drop in sales. And the dollar store? Long the domain of low-income shoppers and random cheapskates, dollar stores are doing brisk business with the middle class. Family Dollar saw record net income in 2009. It jumped 25 percent, to $291.3 million.

05) Local Business -

Demand is exploding for locally grown and made products--which means more support for mom-and-pop stores. The dividend: For every $100 spent at a locally owned business, $68 comes back to the community. Only $43 recirculates from national chain stores.

06) Education -

Huge numbers of people are going back to school--ducking the bad economy, retraining for new jobs, even reinventing themselves completely. Total enrollment at universities and colleges is close to 12 million and climbing, says IbisWorld senior analyst Toon van Beeck, most likely because of unemployment. Or, as van Beeck puts it: "They're up-skilling." Certainly, 2010 will be a good year for higher learning institutions: Revenue is expected to grow 4.9 percent, to $421 billion. Enrollment at less expensive junior colleges, trade schools and online universities is also on the rise, particularly since student loan financing is still in short supply.

07) Health and Wellness -

Healthcare reform, aging baby boomers, more emphasis on preventive care--all of these things and more are fueling growth in health and wellness businesses. Healthcare and social assistance topped the industry growth charts this year, according to the U.S. Census Bureau, with second quarter revenue of $452.5 billion, up 3 percent from the previous quarter.

2010 Business Ideas

Great 2010 Business Ideas

2010 is the year of Technology, Food, Internet and many other kind of Businesses. We are still in the middle of the recession but according to me, this is a great time to start your own business. This is because the Assets in the market are very cheap and the labour is also very cheap because of the job crisis.

You will find a quality labour at very low cost in 2010. Here are the great 2010 Business Ideas.

01) Spirits -

As consumers nationwide toast the moment, their glasses reveal the cravings of today--premium spirits. "Over the past 15 years, there has been a trend toward people drinking less but drinking better," says David Ozgo, chief economist at the Distilled Spirits Council of the United States. He points out that the superpremium segment has enjoyed double-digit growth over the past four or five years.

02) Wine -

Whether sealed with a cork or a screw cap, consumers can't get the tops off of wine bottles fast enough. Continuing its popularity, wine has gone mainstream and is being sipped, savored and outright guzzled at such a rate that by 2010, the U.S. could actually uproot France from its perennial seat as the world's largest wine consumer, according to the Wine Market Council.

03) Health Care Staffing -

You can't stop Father Time. Along with a growing aging population, we're seeing an increasing amount of ailments. With all those extra health issues, we need as many medical professionals as we can get. But 2006 projections from the Bureau of Labor Statistics showed an expected shortfall of more than 1 million nurses by 2020. That's a clear call for staffing professionals to step into the health-care realm and help companies deal with the shortage. Lisa Dearborn, vice president of health-care services with staffing firm Response Companies, also sees a growing demand in pharmacy staffing and preventive health care and disease management.

04) Senior Citizen Services (Baby Boomer Businesses) -

The population is aging--by 2030, the number of adults age 65 and older will double to 70 million. No one is feeling the crunch more than baby boomers, who now find themselves in the "sandwich generation"--caring for both their children and their aging parents. An estimated 44 million Americans provide care for elderly family or friends.

05) Kids & Teens -

Regardless of where their money comes from, some of the country's biggest spenders are barely out of grammar school. Tweens (ages 8 to 14) have a combined annual purchasing power of more than $40 billion, according to market research firm Packaged Facts. And spending by and for their teenage siblings (up to age 17) is expected to reach nearly $209 billion by 2011.

06) Technology & Web Applications -

What dotcom bubble? Today's web application companies are lean, mean services and advertising revenue-generating machines. Entrepreneurs are starting businesses armed with little more than a big idea and a credit card. But when it comes to really making a mark on the web, it takes business smarts, a flexible development approach and some intelligent marketing. "What we see now is a huge increase and adoption of web apps that are equivalents of business or consumer apps that you used to install on your PC or Macintosh," says Jeff Clavier, managing partner of SoftTech VC. This category can include typical office applications and widgets that work with social networks, as well as accounting and CRM-style web offerings.

07) Sun Glasses -

Cool sunglasses are today's ultimate must-have accessory. This sizzling market grew 9.1 percent in unit sales from 2005 to 2006, for total retail sales of more than $2 billion, according to the Sunglass Association of America.

Average Wealth of Congress

Average Wealth of Congress

In the US Congress, 237 members are millionaires. This is even after declining of the wealth of all the Americans in USA.

According to Huffington Post:

According to a study of personal financial disclosure reports by the CRP, the median wealth of members of Congress dropped nearly 5 percent in 2008 compared to the previous year.

Don't feel sorry for them: Despite the drop, 237 members of Congress are still millionaires.

Senators' median worth currently stands at $1.79 million, down from $2.27 million the year before. House members' current median income is $622,254, down from $724,258 in 2007. Fifty lawmakers have an estimated wealth of at least $10 million.

"Generally speaking, members of Congress are wealthy by comparison with the vast majority of Americans. That doesn't mean they're immune to the effects of this ailing economy -- they're not," said Sheila Krumholz, the CRP's executive director, in a statement. "But they are much better positioned to withstand financial pressures than the people they represent."

Average Wealth of the World

Average Wealth of the World

The Wealth Distribution around the world is very much uneven. Just 2% people of this world own more than 50% of the world’s Total Wealth. Well, Yes. This is true. More than half of world’s total wealth is owned by 2% people of this world.

Here is a Wealth Distribution Chart on the World Map.

The Map shows the Per Capita Wealth in US $. The red area shows the Per Capita Wealth over $ 50,000. Which is highest. Countries like USA, Australia & Europe are in red. while countries like India are poorest among the wealth.

The richest 2% of adults in the world own more than half of global household wealth according to a path-breaking study released today by UNU World Institute for Development Economics Research (UNU-WIDER).

The most comprehensive study of personal wealth ever undertaken also reports that the richest 1% of adults alone owned 40% of global assets in the year 2000, and that the richest 10% of adults accounted for 85% of the world total. In contrast, the bottom half of the world adult population owned barely 1% of global wealth.

One should be clear about What is “Wealth”?. Your Income is not your Wealth. In simple words, the wealth is something which you accumulate over the time. Wealth is the value of your assets minus the value of your liabilities. Say for Example if your Business Valuation is US $ 800,000 and your total debt/liabilities are US $ 200,000 than your Net Worth/Wealth is US $ 600,000. Wealth is calculated in the Net Worth in the United States means Assets – Liabilities.

According to studies, IQ and Wealth of Nations are sometimes correlated. However, there are few exceptions also.

Thus, the wealth is highly unevenly distributed in the world. And that’s why if you want to enter into the rich club than you should be the wealth creator. You should create and own Assets. You should create new wealth in the economy if you want to get rich and stay wealthy…

Average Wealth in Australia

Average Wealth of Australians

Wealth is always distributed unequally world wide. The wealth follows the principle of 80/20 means the 20% people around the world own the 80% of the total wealth in the world while the rest of the 80% in this world share just 20% of the wealth. I know that this sounds cruel but it’s true. And the logical reason behind it is The Compound Interest. The Compound Interest is so powerful over the time that rich get richer.

The first comprehensive survey of household assets, debts and savings has been released by the Reserve Bank of Australia in 2002.

The report results showed the median wealth of the average Australian household was $218,500. The most valuable non-financial asset of most households in the survey was their home.

According to the report, New South Wales and Queensland households were likely to have higher levels of wealth than other states predominately as a result of the boom in median property prices in these states.

In New South Wales the median household wealth was $265,000 in 2002, compared to a median household wealth in Queensland of $173,000 and a median household wealth in South Australia of $153,100.

Household wealth was also determined by stage of life, with households towards the end of their working life, perhaps not surprisingly, having more savings, greater equity in their homes and lower mortgages than younger families.

Other findings in the studies include:

•The average wealth of the wealthiest 10 per cent is about $1.8 million;
•The largest component of both assets and debt is property;
•Wealth is strongly associated with age. The median wealth of 55–65 year-olds was $444,000 compared to $8000 among 18–24 year-olds;
•University education is associated with substantially higher levels of wealth;
•Singles and single-parent households have the lowest levels of wealth;
•Pensioners are well short of the wealth that would enable them to live a ‘comfortable lifestyle’, as determined by the Association of Superannuation Funds of Australia;
•Even accounting for age differences, marriage and to a lesser extent de facto relationships, are associated with greater wealth;
•The affect of divorce on wealth differs between men and women;
•Children are associated with less wealth;
•Smokers are less wealthy;
•Drinkers are wealthier, unless they are heavy drinkers;
•Exercise makes no difference to levels of wealth.

Average Wealth of Canadians

Average Wealth of Canadians

According to the 2006 data,

The average Canadian is worth $142,900 — on paper, at least — as rising real estate values offset a rise in personal debt and last spring's stock market correction, Statistics Canada said Friday.

In its regular report on the national balance sheet, Statistics Canada said the nation was worth $4.7 trillion at the end of the second quarter, or $142,900 per person.

Here also the wealthiest 10% people own almost 90% of the total wealth and rest of the people share just 10% of the total wealth. This kind of un even distribution is every where. This is known as the 80/20 Principle of the Wealth means 20% people of this world own 80% of the total wealth of the world and the rest of 80% people share just 20% of the world’s total wealth.

According to the economists, the money is concentrated in fewer hands because of the compound interest. Because of the compound interest, the rich are getting richer and poor are getting poorer. Once you save & invest your money in some asset, the compound interest will start working for you and make you richer and richer day by day.

But you never save and invest your money, the compound interest will never work for you and you can never be rich. The wealthiest people own Assets like Businesses, Investments & Real Estate since generations and they pass on their assets to their following generations and that’s why they are getting richer and richer.

So now just tell me that, what is your average net worth? Is your net worth more or less than the average standards? But start acquiring assets as early as possible in your life to get rich.

Average Wealth UK

Average Wealth UK

The richest 2% of this world own more than 50% of the world’s total wealth. And the richest 10% of the world own more than 85% of the total wealth and assets of the world and the rest 90% people around the world share just 15% of the wealth in this world.

I know that it sounds cruel but it’s the sad truth.

If we discuss about the Britain Economy than in UK the average household wealth is US $ 126,832 per adult which is the third highest in the world after USA & Japan. Yes, United States has the highest net worth per adult in the world.

Those with assets of $500,000 could consider themselves to be among the richest 1 per cent in the world. Those with net assets of $2,200 per adult were in the top half of the wealth distribution.

Although global income was distributed unequally, the spread of wealth was more skewed, according to the study by the World Institute for Development Economics Research of the UN University.

“Wealth is heavily concentrated in North America, Europe and high-income AsiaPacific countries. People in these countries collectively hold almost 90 per cent of total world wealth,” the report said.

Researchers defined wealth as the value of physical and financial assets minus debts.

In India, the average wealth per adult is just US $ 1100.

However, the countries like India & China are growing very very fast since past decade and at this rate, soon they will be world’s one of the largest economies.