Start a Business on the Cheap: 10 Growth Industries

iStockPhoto
7 of 11

IT Consulting
Projected five-year annual growth rate: 3.2%
Every business needs a good IT team. But it’s often cheaper to outsource tech services than to employ staffers in-house. That helps explain why IT consulting has become a $327 billion industry employing more than 1.7 million people worldwide. In the next few years, increased merger and acquisition activity, coupled with an economic recovery, will fuel further demand, according to IBISWorld analyst Andrew Krabeepetcharat.