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10 businesses facing extinction in 10 years


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  The Future of Business

Our ongoing series on the future of business focuses on trends and products that could be the next big thing in the work world. Past topics have included the future of aviation and the big business of forecasting the future. This month we take a look at workplace trends, and in September, we focus on the future of retailing.

What’s the next big thing that you see in your crystal ball?   Let us know .

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Visions of the future
A look at some notable visions of the future of business, technology, and the economy, and how they have fared.

Pay phones
In 1997, there were more than 2 million pay phones in the U.S.; now there are approximately half as many. There are probably always going to be certain places like airports and hotels that offer pay phones, as long as there are people who don't own or can't afford cell phones. Because phone kiosks on the streets are a favorite for drug dealers, who don't want to have their own numbers tapped and tracked, cities are shedding them.

Odds of survival in 10 years: They'll be around, but won't be anything to call home about.

Used bookstores
They've been closing fast, and those that are still open are relying on what's making them obsolete: the internet. A used bookstore used to be the place to find that beloved, out-of-print children's book you used to read 17 times a day until your little sister flushed it down the toilet. Now you just type that title in a search engine and order it within minutes.

Odds of survival in 10 years: Some of them will still be eking out an existence, but the handwriting is on the wall.

Piggy banks
You may chuckle, but as we continue gravitating toward a paperless society, it's not difficult to imagine a day when piggy banks no longer exist.

Odds of survival in 10 years: Sure, they'll probably still be a few around — in antique shops.

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Telemarketing
The good news for people who hate telemarketing calls is that the industry may finally be dying; the bad news is that it may take a while. Telemarketing has been hit hard by the national Do-Not Call list that was established five years ago, and sales have been stagnant, but the industry still managed to bring in $393 billion in revenue last year. Some of this is due to clever marketing. This includes holding raffles at shopping malls; when you sign your information, you agree to accept calls from the company running the contest and its partners. Cell phones are exempt from automated telemarketing calls, but not from individuals calling. Then there are occasional windows of opportunity: The national Do-Not Call list is set to expire in 2008, unless you remember to register again.

Odds of survival in 10 years: They'll be here. Humbled, more impotent, but probably still here.

Coin-operated arcades
With Nintendo Wii, casual gaming online and the Xbox 360, the video game arcade industry is thriving, but not the standalone brick-and-mortar arcades. For those of you who thought arcades were already dead, they still exist — at movie theaters, miniature golf courses and other touristy spots — but it seems only a matter of time before they vanish from the landscape. Ten years ago, there were 10,000 arcades in the nation, and now the number is close to 3,000, according to the American Amusement Machine Association. Revenue from arcade game units brought in $866 million last year, which sounds good until you consider that in 1994, the industry was pocketing $2.3 billion and that the profits are only still high because it costs so much to play a game.

Odds of survival in 10 years: Game over.

Copyright © 2007 Entrepreneur.com, Inc.


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