It is the start of a new year, and just like with every year, it can be a time of reflection and goal setting for the year that is coming. One of the most common goals amongst the more financially minded is to take advantage of new trends as an entrepreneur. While it is always difficult to stay ahead of the curve and find the newest trends that can turn into a business, this year presents several great opportunities. Here is how to take advantage of growing trends as an entrepreneur this year.

Start a Technology Startup

The first thing that you can do to take advantage of growing trends as an entrepreneur is to throw your hat in the ring for technology startups. The tech sector saw unprecedented growth in the last year, which is a major statement for an industry that has already shown massive growth since its creation. If you have an idea that could be turned into a business relating to technology, then you should get started on your startup today to bring it to life. You never know how long you have, and with the metaverse on the way now is the perfect time.

Start a Real Estate Business

Another way to take advantage of growing trends as an entrepreneur is to start a real estate business. Real estate is one of the smartest and safest investments that you can make since property almost always beats the stock market year after year. A great way to start in real estate is to purchase a multi-family home that you can rent out for rental income. Being able to attract clients is crucial to building a successful real estate business. Make sure you have a plan for how to bring in tenants when you first get started.

Flip NFT’s

The final way that you can take advantage of a growing trend as an entrepreneur is to start flipping NFTs. NFT is short for non-fungible token, and it is a way of verifying ownership through the internet and the blockchain. You can turn almost anything into an NFT, but the most common use of NFTs today is as digital artwork, images that you can purchase the rights to in the form of an NFT. By flipping NFTs you can become a millionaire, like plenty of other NFT traders that have started this year.

There are always great opportunities for entrepreneurship. And heading into the new year, trends are a great place to look for new business ideas. If you want to take advantage of growing trends as an entrepreneur, investigate these three options.

Read this next: Expenses That Are Non-Negotiable for Running Your Business