Each industry raises its own unique considerations for business owners in that industry.
For one, some industries have unique legal issues attached to them. Such issues could come up in connection to a variety of things, including a given industry being subject to special regulations in addition to those that apply to businesses in general. Experienced business lawyers can help company owners understand what legal issues are present for their business, given the industry the company is in and the other specifics of the business. They can also advise and guide business owners when it comes to addressing such matters.
Industries also vary in what trends are happening within them. Some industries may be experiencing a lot of growth in the number of businesses in them. Such growth occurring in their industry in the geographic area in which they operate can have many impacts for a business owner. It could affect what opportunities and challenges arise for their company. It could also impact what kinds of legal issues might be particularly important ones for their business.
Here in California, one industry that has seen a lot of growth in the number of companies in it in recent years is the wine industry.
California is a major location for the wine industry in the United States. In 2016, California led the country in number of wineries by a very wide margin. In fact, that year, the state had more wineries in it than the other states that made up the top ten for number of wineries did combined.
And data points to the number of wineries in California having seen a very big jump over the past decade. In 2006, there were 2,477 wineries in the state. By 2016, this number was all the way up to 4,653.
In your opinion, what are some of the biggest impacts the large amount of growth in the state’s wine industry has had?
Source: The Orange County Register, “Wine is big business in California but how big might surprise you,” Kurt Snibbe, Aug. 24, 2017