Identifying Growth Industries
Professor Schorer is a serial entrepreneur who specializes in the start-up acquisition and development of small and mid-sized companies. He focuses on businesses with unique ideas or technologies that are in need of guidance during their initial growth phases. Cliff has been involved with companies in the high tech arena, his last position being CEO of GeoVideo Networks, a Lucent Technologies Venture. Prior to that his career included businesses in the real estate, office-supply and health care industries. During the early 1990's he spent a considerable amount of time in Russia using his entrepreneurial approach to assist in the privatization process During his extensive professional career, Schorer has lectured in numerous business and academic forums both in the United States and abroad. He has developed financial management software programs for business education through his publishing company Bized.
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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