2014 was a great year for advances in technology and social media.

Best Business Ideas for 2015

What types of great ideas can we expect to see in 2015? From food trucks to kid-friendly apps, let’s take a look at the three top highlights.

Kid-friendly apps

There are apps that can help you balance your checkbook, apps that can help you make dinner, apps that can help you find your lost device, and apps that can even help you train for a marathon. While apps have been making our lives easier for the last few years, experts say 2015 will see an influx of more kid-friendly apps. According to Common Sense media, nearly three out of every four children has access to some kind of mobile device, whether it’s a tablet or smartphone. All in all, kid-friendly apps are poised as one of the most lucrative business ideas of 2015.

Food trucks

While food trucks aren’t exactly a new idea, since they’ve been roaming the streets of America’s major metropolises for decades now, the food truck has seen a huge surge in popularity over the course of the past few years. Why are food trucks such a great concept? Compared to restaurants, start-up costs for food trucks are relatively low. The failure rate is also much lower than that of restaurants, and is estimated to be between 10 and 20 percent, compared to 60 to 90 percent for restaurants. Furthermore, food trucks are also growing tremendously in popularity across the US. Consider this: a study by Intuit and Emergent Research predicts that revenue from the food truck industry will reach $2.7 billion within the next two years.

Video-sharing platforms

Consumers are increasingly demanding more and more video content. Instagram recently added video-sharing capabilities, and video-sharing platform Vine has soared in popularity. “I anticipate that many interesting alternatives to YouTube will emerge. There is so much left to do in video — it feels like we are only scratching the surface,” explains Bill Gurley, General Partner at Benchmark. The bottom line? 2015 is a great year to invest in video-sharing platforms.

Pivot International is a product design, development, and manufacturing firm with strengths in software development, electrical engineering, mechanical engineering, and industrial design. If you are interested in engineering a new product or updating an existing product, contact us at 1-877-206-5001 or request your free consultation today.