Identifying Growth Industries

Clifford Schorer: Well, I think there's a little bit of an oxymoron there in the small business industries. I think there are large industries that small businesses can go in to very effectively. I think if I were to pick the two that — from a startup perspective right now that would interest me the most one would be energy for obvious reasons. I think there's a revolution coming in the world in terms of technology and in terms of the way we use energy and I think there's going to be tremendous opportunities for startup companies, and the other would be the medical field. With our aging population, with the …  Well, we're going to have 60- 20 million people turn 60 in the next five years. That's a huge market and many of those people will need medical services of different types so from high-tech things like genetics right through basic medical products. I think there's great opportunity in both.

Recorded on: 5/13/08

Cliff Schorer says energy is a hot area right now.

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