Start a Business on the Cheap: 10 Growth Industries

9 of 11

Translation Services
Projected five-year annual growth rate: 2.8%
During the recession, many companies either imported workers or exported manufacturing, increasing the need for a variety of translation services. Meanwhile, more businesses are going global. Setting up a translation business requires little capital other than the cost of hiring employees fluent in other languages. On the downside, there's plenty of competition, not to mention a proliferation of translation software that does the work of humans.