Fastest Growing Small Businesses

Fastest Growing Small Businesses

How much growth did your small business experience in 2012? Or if your services include regularly working with other small businesses, did you experience an increase or decrease in your workload? How do you know which industries are experiencing growth, so that you can pursue those companies for more business?

Below are two lists: the fastest growing industries and the slowest growing industries. Take a look at both and use them to make a plan for which direction your business will head in 2013.

The 10 Fastest Growing U.S. Industries in 2012:

  • Residential building construction: 14.77%
  • Building custom software and servers for businesses: 14.29%
  • Machinery, equipment, and supplies merchant wholesalers: 13.75%
  • Management, scientific, and technical consulting services: 12.31%
  • Architectural, engineering, and related services: 11.40%
  • Foundation, structure, and building exterior contractors: 11.37%
  • Building finishing contractors who make additions, alterations, maintenance and repairs: 11.32%
  • General freight trucking: 10.41%
  • Services to buildings and dwellings, including pest exterminators, janitorial services, and landscaping: 10.11%
  • Other specialty trade contractors, including site preparation activities and other specialized trades: 10.04%

On the flip side, here’s a look at the small businesses with the slowest growth in 2012:

  • Skilled nursing care facilities: -3.29%
  • Printing and related support activities: 1.86%
  • Automotive repair and maintenance: 2.81%
  • Offices of physicians: 3.00%
  • Highway, street, and bridge construction: 4.24%
  • Insurance agencies, brokerages, and other insurance-related activities: 4.32%
  • Lessors of real estate: 5.07%
  • Other miscellaneous manufacturing including jewelry and silverware, sporting and athletic goods, dolls, toys, and games, office supplies other than paper, and signs: 5.55%
  • Offices of health practitioners other than physicians and dentists, including chiropractors, optometrists, mental health practitioners, speech and occupational therapists: 5.98%
  • Other amusement and recreation services including bowling centers, golf courses, and recreational centers: 6.03% (source)

Do you have a small business that is growing quickly and you require more space? For information on DC meeting spaces or virtual offices in Washington DC, please leave a comment below or contact us here!


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