7 Businesses That Make Money (They ALMOST Never Fail)

Many people want to start a business but don’t know where to begin.

This video breaks down seven types of businesses that statistically have lower failure rates due to their low startup costs, minimal regulatory barriers, and strong market demands.

Summary of the video:

Chiropractic Practice

• Chiropractic practices are relatively accessible within healthcare, requiring significantly less time and money for licensing compared to medical fields. Startup costs can be kept under $10K for essential equipment like an adjusting table, reflex hammers, and basic therapeutic devices.
• Chiropractors often operate solo, enabling flexible practice models like mobile services, which reduces upfront costs further. This business suits those interested in a healthcare role without needing extensive medical training.

Bookstore (with Pop-up Options)

• Physical bookstores have appeal due to unique in-person experiences that online stores lack. Many add-on services (e.g., a café) or community-based events (like book signings) help attract customers.
• To minimize risk, a pop-up bookstore is suggested as a trial, with startup expenses potentially kept to around $2-5K. Renting within a coffee shop or similar environment can boost exposure without needing to establish a full-fledged store initially.

Food Truck Business

• Food trucks are cost-effective alternatives to traditional restaurants, offering lower startup costs and higher profit margins, often in the 6-20% range. Food trucks have risen in popularity since 2010, with over 8,500 now operating across the U.S., catering to various events and public gatherings.
• In a case study, an entrepreneur started an ice cream business with only $8,500, covering the necessary permits and supplies. This venture eventually expanded to cater more than 700 events and generate significant monthly revenue.

Florist

• Florists generally don’t require special licensing, making it a low-barrier business. Many florists begin with freelance work or home-based setups, leveraging e-commerce to build a customer base without high overhead costs.
• A popular example is Farmgirl Flowers, which started with minimal investment but grew into a national e-commerce flower company by focusing on unique, boutique-style arrangements.

Pet Services

• This market includes pet grooming, dog walking, training, and boarding, all of which require minimal formal education. With an estimated 82 million pet-owning households in the U.S., demand is steady and growing.
• The business can be scaled with low upfront investments by focusing on local community needs and partnerships with other pet service providers.

Bed and Breakfast (B&B)

• B&Bs, often operated as smaller, local establishments, avoid competition from large hotel chains, allowing for niche experiences. Entrepreneurs can begin by managing someone else’s B&B for no initial investment or leverage small properties in popular tourist locations.
• Even modest B&Bs can quickly reach profitability with minimal debt. Many B&Bs operate within a fragmented market, so there’s room for newcomers to carve out a niche.

Property Management for Short-Term Rentals (e.g., Airbnb)

• Managing short-term rentals requires no upfront property purchase, just the administration of other people’s listings, which can generate income without the substantial capital required to buy a property.
• Alternatively, investors can buy properties in high-demand areas to rent out, achieving profitable returns through consistent bookings.

*Summary created by AI and edited by author