Best industry to start a business: Public relations
A report in Inc. magazine says the profession is expecting 6 percent annual growth for the next five years.
There’s no better time than the present—or over the next five years.
This week, Inc. magazine compiled a list of the most promising industries for startups and guess what: Public relations made the list.
Crunching data from IBISWorld, Inc. said the average PR company size is 2.16 employees. It also presented the following projections for the industry:
• 5.7 percent annual revenue growth through 2016;
• 3.1 percent percentage employment growth per year through 2016;
• 5.5 percent average company profit margin.
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