Best Industries For a New Startup Growth in 2020

Updated: Jan 24, 2023

2020 is a new start and a new opportunity for startups around the globe to raise up. Small businesses and startups can thrive by adapting and figuring out how change can translate into future opportunities. Here are ten current industries smart businesses can leverage for growth in 2020.

The 10 most profitable industries by net profit margin (NPM) are:

Finances, Accounting and Tax , Bookkeeping, and Payroll Services: 22.4 % NPM
Real Estate: 15.9 % NPM
Legal Services: 17.4 % NPM
Management and Enterprises: 16 % NPM
Green and renewable energy: 14.9 % NPM
Medical & Recreational Marijuana Stores: 14.8 % NPM
Artificial intelligence: 14.3 % NPM
Social Networking Sites: 13.2% NPM
Offices of Other Health Practitioners: 13 % NPM
Medical and Diagnostic Laboratories: 12.1 % NPM