As we move into 2023, the world is once again facing momentous change. Economic growth and job opportunities are emerging in new industries as previous industry models succumb to technological advancement.
In order to take advantage of existing opportunities, employers and entrepreneurs need to stay ahead of these developments — and one way to do this is by looking at which sectors are expected to be most promising in the coming years. In this article, we will discuss the top 3 industries predicted to flourish in 2023: healthcare, travel and food, and credit repair. Read on to discover trends shaping each field and how you can capitalize on them!
The industry of healthcare
The healthcare industry is expected to grow by 19 percent, making it the second fastest-growing industry.
The reason for this rise is the growing demand for health insurance and the requirement for more individuals to fill the vacancies in the healthcare sector as the population increases, as do its requirements for medical care.
Companies need to recruit more nurses and doctors to meet their needs. More people are sick, which means more patients require treatment. This increased demand has led to an increase in the wages of healthcare professionals and an increase in the number of new patients entering the sector.
The increase in new patients who require medical care due to the new legislation will also lead to the need for insurance plans to grow. For instance, in 2019, numerous states required that employers take care of their employees’ contraceptive costs within their health plans. This is a significant increase in the need for insurance for healthcare among the young population looking for birth control coverage.
Credit Repair Industry
Credit score has been a major factor and is becoming more so in the present when so many institutions consider credit scores in their decision-making. Even renting an apartment may be a problem if you have poor credit, not to mention seeking a loan from an institution that lends money.
This is where a reputable credit repair business helps. To even reach that stage, your company needs to join a reputable payment processing firm to establish an account for credit repair.
A credit repair firm analyzes credit reports for errors and negatives. They work with credit reporting agencies, handling items like tax liens or bankruptcies, charge-offs, bankruptcies, and others.
There needs to be a set of prerequisites that you must meet for those who want to enter into the business of credit repair. It is enough to understand how the business operates and manage your time by being a certified credit repair professional.
The credit repair industry grew to its highest level in the year 2022 but has slowed down by 3.2 percent from 2017. The field is profitable, provided you can do your best and profit from the opportunities available in the current economy.
While there aren’t specific requirements for education to be the job of an credit repair agent and a degree in business will give you an advantage. Concentrate on courses such as economics, accounting mathematics, finance business management, and consumer credit.
A degree in finance and business can provide you with the essential understanding and practical experience required in the area that deals with credit repair.
Food and travel industries
With the increase in several people and the desire to travel following years of being shut out by the pandemic, the dream jobs that mix travel, the arts, and cuisine are expected to be a third-place finish.
If you’re a lover of travel and travel, think about a career as a guide or agent who aids others in planning their vacations. Be licensed by your state government agency to be an official tourist guide (usually required for historic places).
You can also get certified by organizations such as the Professional Tour Guide Institute of San Francisco or the International Institute of Travel & Tourism Studies (IITTS). Suppose you’re not looking to interact directly with tourists but want to assist with travel. In that case, you can become an agent for an agency that is specialized in international travel and accommodations.