Many consider self-employment the American dream and strive towards leaving their jobs behind. Lets take a look at some business that will be profitable in 2016 if you are one of these individuals looking for a business idea. You might consider what you know about and what you are good at doing. But looking at profitable industries can also be of great help.

The metals industry has a good profit margin, around 10% net, and there is plenty of demand at this time for coating and engravers. The repair of electronic equipment is something that everyone is looking for to save some money in comparison to purchasing the latest version. Net profit in the industry is a little bit better than 10.3%. Another place to look is technological consulting. Help companies get up to speed on new products and services in the marketplace.