Starting a Small Business - Considering that over 50% of new businesses fail within the first 5 years, it’s important to understand the best industries for business before wasting too much time and money.
Starting A Small Business
There’s a key to starting a successful small business in this economy: low overhead, providing a service for people that they need but don’t have time for. Nothing too flashy or pricey– but rather something anyone of any economic background might consider.
What does Forbes say are the best small business markets for 2012?
- Computer Services – 19.41% growth
- Employment Services – 17.53% growth
- Consulting Firm – 13.49% growth
- Building Services – 12.96% growth
- Other Personal Services – 12.56% growth
1) Yard Work
2) Home Childcare
3) Pet Sitting
4) Computer Maintenance
5) Cleaning Service
6) Energy Efficiency Consultant
Starting your own small business can be one of the most fulfilling, wonderful experiences of your professional life. That’s why it’s important to do your research and make sure that you’re entering a market where there is a demand for your product/service.
Make sure that you don’t become part of the 50% + small business that fail!
- Talk to experts
- Get a business partner
- Write an airtight business plan
Related: Secrets of Successful Investors
Starting a Small Business