I was visiting once with a guy who owns multiple successful businesses and asked how he came up with business ideas.
His reply changed the way I looked at business forever.
“Just Mow Yards.”
It clicked for me then. As I looked at our wealthiest clients, I realized most of them weren't in some crazy business that no one had ever heard of before. Instead, they were just everyday people who decided to start a business and found a profitable niche.
Analyzing Business Profitability
That made me wonder why some businesses were successful and why others weren't, which led me to analyze the types of businesses that worked and those that didn't. This report on some of the most profitable businesses from 11 different industries is what I found. With recurring revenue opportunities and relatively low competition, this list of business ideas is sure to get your creative juices flowing.
- Business Services
- Event/Seasonal Services
- Home Services
- Personal Care
- Real Estate
- Retail / Hospitality
- Training / Coaching / Consulting
- Vehicle Services
About the Author:
Don Smith is a former bank director, runs a technology company, and enjoys helping fellow owners develop successful businesses as a business consultant. He has created multiple successful businesses and is a proud father of five.