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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