6 Businesses That Will Never Go Out of Market - YouTube

you've come to the correct place if you're seeking  rock solid firms with a high success record  

let me begin by stating that there's no such  thing as a business that will never fail any  

business that has the potential to produce a lot  of money comes with some risk in reality the risk  

return trade-off is a well-known notion that  implies that the potential return rises with a  

proportional increase in risk that's why equities  have a significantly better long-term yield  

than your normal bank savings account when it  comes to high yielding assets like businesses  

returns may typically exceed 30 percent however  all of this is fraught with risk according to the  

bureau of labor statistics around 20 percent of  new enterprises fail during the first two years  

45 within the first five years and 65  within the first 10 years of operation  

but this doesn't mean you should give up and  not start a business you see some businesses  

have a considerably greater success rate than  others and it's these kinds of businesses with  

low failure rates that i will be talking about  in today's video so give this video a thumbs  

up for that youtube algorithm and subscribe if  you're new here okay so without any further ado  

let's get into it in this practical wisdom video  i'll be taking you through six different sorts of  

businesses with low failure rates i'll also share  statistics demonstrating these low failure rates  

as well as some helpful tools getting started  with these enterprises first of all why should  

we even know of these failure rates well the  majority of new business owners and entrepreneurs  

invest a significant amount of time energy and  money in starting up their companies if you're  

thinking about starting a business it's probably  smart to choose one that has a good chance of  

succeeding right perhaps you have a brilliant  business mind and can defy the odds but i always  

believe that having the odds in your favor is a  good thing so the first business on the list is  

vending machine business a vending machine  business is somewhat tied to success  

the vending industry has a success rate of 90 most  businesses fail at an average of 85 of the time  

consider how a vending machine firm differs  from a typical small business many businesses  

fail because of overhead not having enough  money for advertising rent and other charges  

plus finding and keeping good staff may often be  a challenge too on the other hand your vending  

machines operate for you 24 hours a day seven  days a week a vending machine allowing you to  

earn money even while you sleep and that's a  fantastic method to make money a lot has changed  

over the years jobs are no longer guaranteed nor  secure if you take a look at your local newspaper  

if you still read that you'll see that a lot of  people are being affected by corporate downsizing  

today job security is non-existent especially when  90 of us work for others owning your own business  

is the only method to achieve your goals unlike  any other industry the vending machine industry is  

unique it enables the company owner to establish a  vending machine route with little or no expertise  

while also allowing them to operate from home  in an all-cash business and yes you heard that  

right vending machines operate entirely on cash a  vending machine business also has advantages that  

are uncommon in other sorts of enterprises such  as cash flow is immediate from the first day on  

you'll be making money business is conducted  entirely in cash no bad checks credit risks  

or accounts receivable a year-round business no  seasonal fluctuations of income variable hours  

with lots of time off very little overhead no rent  utilities etc work out of your own home instead of  

an expensive office no employees to pay you can  start this business part-time and still keep your  

regular job paycheck and benefits laundromats are  another excellent business with a very low failure  

rate a recent gallup study indicated that 66 of  potential entrepreneurs are held back by fear of  

business failure according to laundry lux however  one research indicated that laundromats had a very  

high success rate with around 95 percent  of laundromat succeeding after five years  

again nothing in business is guaranteed  but that appears to be enticingly close  

this is a fantastic recession-proof business  that can generate money regardless of the state  

of the economy after all people's garments  will constantly need to be cleaned and dried  

the beauty of a laundromat is that it can be  run almost completely passively all of the heavy  

work of washing and drying clothing is done by the  machines and your customers do the work of loading  

and unloading the clothes of course you'll still  have to clean the laundromat make repairs to the  

machines as needed and collect the money from the  machines which is the fun part but you may employ  

others to do these things for you now let's look  at the second business real estate andrew carnegie  

is famously quoted as saying ninety percent of all  millionaires become so through owning real estate  

did you know that more money has been made in real  estate than in all industrial investments combined  

therefore it should come as no surprise that real  estate investing has an enviable success record of  

85.3 percent why is real estate such a lucrative  venture well you'll have monthly cash flow  

your renters will pay down your mortgage for you  and your properties will go up in value over time  

you have a formidable wealth generator when you  combine these advantages with the fact that you  

can acquire rental homes with a loan and leverage  your earnings even more in addition if you employ  

a property manager your rental property business  can be set up to create passive income but you  

don't need to hire a business to manage your  properties you still can handle all of your  

properties yourself spending approximately  five to ten hours each month on each one  

in my perspective that's really passive now let's  look at the third business the healthcare business  

from pharmacies clinics dentistry and among other  services healthcare is a fast-paced sector with  

several future prospects however there is little  concerns about cost complexity and uncertainty  

may make this sector unsettling but with the  right approach this is among the businesses  

that will never fail whether you're an investor  businessman entrepreneur or inventor you should  

try your luckier since healthcare prospects  are set to rise enormously in the future  

according to statistics gathered by policy  advice studies show that in most wealthy nations  

health care consumes more than 10 percent of  gdp the same study said by the end of 2019 this  

percentage for the united states will be close  to 18 percent so you can only imagine how high  

it must be now this is unsurprising given that the  healthcare industry is the largest employer in the  

united states in fact the united states spends  far more on healthcare than the rest of the globe  

the global health industry was worth 8.45 trillion  dollars in 2018. global health care spending could  

reach over 10 trillion dollars in 2022 as we can  see from current data healthcare is one of the  

world's largest and fastest growing sectors and as  doctors and nurses are burdened with the pressure  

of attending to a large number of patients during  this coven 19 pandemic people have resorted for  

services from small-scale medical centers or  clinics rather than queue in general hospitals  

mostly for fears of being infected with the virus  i hope you are all writing this down somewhere  

now let's look at the fourth  business the transportation business  

if you start with a good business strategy you may  make a lot of money in the transportation industry  

there are several prospects in this area but  you must first analyze the existing demand  

depending on their geographical region  transportation also includes vital features  

such as ambulances medical emergency outstation  shifting and so on furthermore traffic congestion  

in numerous major cities has paved the way for  public and private transportation to co-exist  

on the roadways as a result a large number of  individuals rely substantially on transportation  

in light of the foregoing the transportation  industry has experienced a dramatic surge  

in demand the number of taxis ubers  and lifts on the road is increasing  

it has proven to be a lucrative business and many  people consider it as a viable startup concept  

it is now simpler than ever to establish a  transportation business thanks to the rise  

of e-commerce the gig economy and online platforms  so what exactly is a transportation business you  

may wonder well basically a transportation  business is one that transport things or  

people for a charge from one location to another  a transportation business may take numerous forms  

from a full-fledged long-haul trucking operation  to a simple weekend side hustle driving for uber  

and everything in between and these sorts  of enterprises have a 76.4 success rate your  

outcomes may vary and specific transportation  businesses may be more dangerous than others but  

on average you may expect a high success rate the  agriculture business this is the fifth business on  

our list because agriculture is one of the most  important contributions to the global economy  

since it feeds billions of people every day  agriculture contributed for four percent of  

global gdp in 2018 according to world bank figures  although it may account for more than 25 of gdp  

in some underdeveloped nations agribusiness or  agricultural business refers to the manufacture  

and sale of agricultural products such as farm  equipment and supplies machineries and other  

farm-related services in addition to real farm  activities agriculture businesses are known for  

their resiliency and low failure rates these can  include a wide range of businesses including farms  

and a variety of associated businesses agriculture  firms have a phenomenal success rate of 88  

if you have a green thumb and an interest in  farming or other agriculture related industries  

this might be the right opportunity for you  the last but not least business on our list is  

the dump truck business i bet you weren't  expecting this but hear a sound the mining  

business according to small biz trends has the  highest survival rate of all industries with a  

51.3 score starting a mining business is difficult  and requires a large sum of money however there is  

a brilliant little backdoor approach to profit on  the mining industry's stability of course if you  

live near a mine there will always be a demand for  dump trucks to transport coal or other commodities  

recovered from the mine the best part is that  starting a mining business does not require  

millions of dollars an old dump truck can be  purchased for as low as fifteen thousand dollars  

the dump truck business is expanding rapidly  which means there are more driving opportunities  

available indeed the dump truck service industry  in the united states is projected to reach 20.64  

billion dollars by 2025 and that's just for  large-scale mining and construction operations  

there has never been a better moment to start a  dump truck company than now it's a different story  

when it comes to running a dump truck business  companies offering their own dump truck services  

or outsourcing fleet labor creates a need that  provides significant opportunities for individuals  

just entering into the space whether it's  corporate or private delivery dump trucks  

are very adaptable allowing you to operate  in a variety of industries other than mining  

even if you don't live near a mine construction  firms landscapers real estate flippers and even  

residential property owners who need to dispose  of significant volumes of trash may want your  

services and with that said i'll leave you with  this a business that solves problems will never  

go out of market if you're an entrepreneur  or planning to start a business soon look  

for a problem that others are having and try to  address it make your company transparent recruit  

the proper people and maintain a high level of  ethics and if you do that success is inevitable  

so thank you so much for watching and let  me know your thoughts and if you enjoyed  

this video you should check this one out 2022  business models you can start with no money