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
💼 Laundromats have a low failure rate due to low startup costs, consistent demand, and the option for absentee ownership.
🏢 Real estate has a low failure rate because of its simplicity, hard assets, reliable cash flow, appreciation, leverage, and tax benefits.
💰 Real estate investment offers tax benefits and potential for passive income.
🏢 Self storage facilities have a high success rate in real estate and can be managed remotely.
📦 Adding value to a business can increase its efficiency and value.
🚚 Last mile delivery businesses have a high success rate.
💼 Starting a trucking business can be low risk and profitable.
📈 Online businesses have a low failure rate and can be started with minimal upfront expenses.
💡 Buying existing businesses can be more beneficial than starting from scratch.
💰 Flippa is a recommended platform for buying and selling online businesses.
📈 Starting a vending machine business is a low-cost way to begin entrepreneurship.
💡 It is a great opportunity to learn about business management and logistics.
🔄 With a high success rate, vending machine businesses can be expanded and sold for profit.
💰 Dollar vending companies have a low failure rate due to scalability, affordable startup cost, and simple operations.
👵 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.
📈 These six businesses, backed by data, offer a low likelihood of failure, making them attractive options for aspiring entrepreneurs.
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