Businesses with Remarkably Low Failure Rates: Learn the Secrets to their Success
Discover 6 businesses with impressively low failure rates, including laundromats and real estate investing. Learn about their stability, potential for growth, and how to start small.
00:00:00 Discover six businesses with amazingly low failure rates backed by data, including laundromats, which have a success rate of around 94.8% over a five-year period.
Six businesses with amazingly low failure rates
Laundromats have a 94.8% success rate over a five-year period
The first business you start is crucial to your likelihood of taking future risks
00:01:58 Discover businesses with remarkably low failure rates and why they are successful. From laundromats to rental properties, these businesses offer stability, hard assets, and potential for financial growth.
š¼ Laundromats have a low failure rate due to low startup costs, consistent demand, and the option for absentee ownership.
š¢ Real estate has a low failure rate because of its simplicity, hard assets, reliable cash flow, appreciation, leverage, and tax benefits.
00:03:58 Discover the secrets of six businesses with astonishingly low failure rates, including real estate investing and self-storage facilities.
š° Real estate investment offers tax benefits and potential for passive income.
š¢ Self storage facilities have a high success rate in real estate and can be managed remotely.
00:05:57 Discover 6 businesses with impressively low failure rates, including last mile delivery and self storage. They offer potential for high success and low risk.
š¦ Adding value to a business can increase its efficiency and value.
š Last mile delivery businesses have a high success rate.
š¼ Starting a trucking business can be low risk and profitable.
00:07:54 Discover 6 businesses with impressively low failure rates and how they can be financially secure. Additionally, learn about a platform where you can buy and sell online businesses.
š Online businesses have a low failure rate and can be started with minimal upfront expenses.
š” Buying existing businesses can be more beneficial than starting from scratch.
š° Flippa is a recommended platform for buying and selling online businesses.
00:09:52 Learn about a low-risk business idea with vending machines. Start small, gain experience, and slowly expand. Vending machine businesses have a high success rate of around 90%.
š Starting a vending machine business is a low-cost way to begin entrepreneurship.
š” It is a great opportunity to learn about business management and logistics.
š With a high success rate, vending machine businesses can be expanded and sold for profit.
00:11:50 Discover six businesses with low failure rates, including dollar vending companies and senior care centers. Get insights into their affordability and potential for success.
š° Dollar vending companies have a low failure rate due to scalability, affordable startup cost, and simple operations.
šµ Senior care centers have a surprisingly low failure rate due to government subsidies, changing demographics, and the option to rent or buy houses for assisted living.
š These six businesses, backed by data, offer a low likelihood of failure, making them attractive options for aspiring entrepreneurs.
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