- The Millionaire Syrup
- Posts
- 5 Businesses that Never Fail
5 Businesses that Never Fail
Businesses with the Highest Success Rate
5 Businesses that Never Fail
Here are the top 5 businesses that have the highest success rate. According to the US Labor of statistics these businesses have the highest chance of succeeding in a world where most small us businesses fail to become successful.
Did you Know
50% of small businesses fail within year two
1. Laundromats 94.8%
Probably one of the simplest business that has stood the test of time. Everyone needs to wash clothes, just need some washer and dryers. Get ready to count a lot of quarters.
2. Real Estate/ Rental Properties 85.3%
Ever heard the phrase “Ninety percent of all millionaires become so through owning real estate” - Andrew Carnegie. This is where you buy a property and then rent it out for more than the mortgage to where your cash flowing each month. The average rental property cashflows $412 per month. This is the most passive option with the ability to scale to as many properties as you’d like! This option is how many achieve financial freedom overtime.
3. Self Storage 92%
Similar to rentals, this one takes a bit more upfront cash, but if you don’t want to deal with toilets breaking or repairing ac units this one can be even more hands free. Now there’s ways to run operations completely remote with key less entry, tracking software, automated bill pay, security systems, auto contracts, etc.
4. Transportation/ Long haul Trucking 76.4%
This can be as simple as Uber transportation to even buying a long haul truck and offering long haul transportation services. Many different routes you can go from transporting people, goods, to real estate moving services.
5. Vending Machines 90%
Lastly, probably the easiest to start with the lowest start up cost. This business is as simple as buying a vending machine for about 5-7k, finding a high traffic location, and once a week re stocking product. You can expect to cashflow from $300-600 per vending machine a month.
The 5 businesses with highest failure rate
Restaurants
Retail Stores
Direct Sales
Construction
Insurance sales