Author: Prof. Shaun Hansen Jr. | Last update: Friday, August 29, 2025
In 2020, the most profitable industries in the US were, according to Statista:
Banks.
Broadcasting.
Financial services.
Transportation.
Investments and asset management.
Software.
Real estate.
Semiconductor.
What type of business is most successful?
Professional services and real estate. Professional services is a broad field that's any service given to another business or business professionals. ...
Non-manufacturing goods production. ...
Finance and insurance. ...
Business support and consumer services. ...
Retail. ...
Healthcare and education. ...
Leisure and hospitality. ...
Manufacturing.
Which business is most likely to be successful?
18 most profitable businesses
Technology services and software development.
Real estate.
Ecommerce.
Consulting.
Digital marketing.
Fitness coaching.
Home cleaning services.
Event planning.
What business has the lowest failure rate?
Take the time to research and analyze all relevant factors to ensure that the business you choose aligns with your goals and the specific conditions of your market.
Laundromats. ...
Self-Storage Facilities. ...
Vending Machines. ...
Rental Properties. ...
Senior Care Centers.
What business has a 90 success rate?
Businesses that are least likely to fail include:
Laundromat— 95% success rate.
Vending machine— above 80% success rate.
Self-storage— 92% success rate.
Real estate— 85.3 % success rate.
Cleaning services— 68% success rate.
Businesses that Never Fail? 6 Businesses with Amazingly Low Failure Rates [Backed by Data]
Which small business is most profitable?
Contents
Dropshipping.
Online reselling.
Home organizing.
Real estate.
Tutoring and Test Prep.
Online classes.
Auto detailing and repair services.
Driving school.
What is the hottest business right now?
Some of the best small businesses to start this year
Food trucks and food stands. ...
Accounting and bookkeeping. ...
Kids' activities. ...
Landscaping. ...
IT services. ...
Electronics repair. ...
Auto repair. ...
Vacation rentals. Getting into vacation rentals can be relatively easy – especially if you rent your home to test the waters.
What industry fails the most?
Among the industries analyzed, mining and information technology consistently experience the highest business failure rates across all timeframes.
What business won't go out of business?
1. Food. Food is required for life and this means demand will always be high. For this reason, the food industry is one of the safest industries for investment.
Why do 70% of businesses fail?
Surveys of business owners suggest that poor market research, ineffective marketing, and not being an expert in the target industry were common pitfalls. Bad partnerships and insufficient capital are also big reasons why new companies fail.
What type of shop is most profitable?
Top 10 Profitable Retail Business Ideas for Indian Markets
Grocery Store.
Pharmacy.
Kids Store.
Cosmetics.
Fruit Shop.
Organic Foods.
Sweets and Snacks Store.
Mobile Accessories.
What is the cheapest most profitable business to start?
Check out these affordable business opportunities, prioritizing the ideas that best reflect your interests and skills.
Become an event planner. ...
Create a car wash business. ...
Start a photography business. ...
Offer freelance writing services. ...
Start blogging. ...
Try content creation. ...
Explore career coaching.
What is the riskiest business to start at the moment?
High-Risk Small Business Ventures
Restaurants. ...
Clothing Retail Stores. ...
Real Estate Flipping. ...
Oil and Gas Industry. ...
Growing Mushrooms. ...
Farming. ...
Painting Contractor Services. ...
Dry Cleaning Service.
What business is in the highest demand?
5 Businesses That Will Be in Demand in 2025 and Beyond
Digital education. Digital education, also known as education technology or edtech, is expected to increase to $136 billion by 2030, a CAGR of 25.1%. ...
Virtualization software. ...
Cannabis edibles. ...
5G security and other services. ...
Telemedicine.
Which business is best to become a millionaire?
Here are the best business ideas to make you a millionaire in 2024:
Online Education. ...
Copywriting/Ghostwriting Service. ...
Parking Lot Management. ...
Email Marketing Agency. ...
Online Course Marketplace. ...
Car Wash. ...
Mobile App. ...
Virtual Business Consulting Agency.
Which business has the lowest failure rate?
Let's explore business ideas with high profit and low failure rates:
Tech-based businesses. ...
Professional services. ...
Senior care services. ...
Rental properties. ...
Self-storage facilities.
What business will survive a recession?
What types of businesses do well in a recession? Businesses selling essential goods and services—like food, IT services, or plumbing and electrical work—often maintain steady demand during recessions.
What is the best business to start during inflation?
8 Sectors That Benefit From Inflation
Energy. Oil and gas companies stand to benefit because higher prices mean increased revenue, as the cost of the product being sold has gone up. ...
Transportation. ...
Financial Sector. ...
Utility Companies. ...
Healthcare Providers. ...
Consumer Staples. ...
Technology. ...
Industrial Stocks.
Why do 90% of startups fail?
Key Takeaways. A startup is a company in the initial stages of business. Business owners say they've failed because the money ran out, being in the wrong market, a lack of research, bad partnerships, ineffective marketing, and not being an industry expert.
How many businesses make over $1 million?
Fewer than five percent of all businesses in the US grow to be more than $1 million in annual revenues. And fewer than one percent make it to $10 million. There are many reasons why companies fail to scale: bad timing, a poor economy, ruthless competitors, or shifts in underlying political or cultural trends.
What small business has the highest failure rate?
Industries with lower survival rates
The transportation and warehousing industry is particularly challenging, with a failure rate of 24.8% within the first year. This figure is closely followed by the mining, quarrying, and oil and gas extraction industry at 24.4% and the information industry at 24.1%.
What small business makes the most money?
What type of small business is the most profitable? Small businesses in consulting, online education, and digital marketing are usually very profitable. They have low costs and can charge high fees for their specialized services.
Which business is best for the next 5 years?
Top Most Profitable & Demanding Business in Near Future
Affiliate marketing. ...
Home solar installation business. ...
Pharmaceutical business. ...
Wedding Planning. ...
Home-based bakery. ...
Drop shipping. ...
Food and beverage. ...
The Takeaway. These were just a few businesses that will be skyrocketing in the next 5-10 years.
What is the easiest business to start right now?
27 Low Cost and Easy Business Ideas That Make Money