Small businesses have never been bigger. Here is a list of uncommon and creative small businesses that have been soaring in the last few years. The business plans for these ventures are becoming more accessible. If there is a business plan that you would like to see, let us know in the comments below!
15 Most Small Profitable Business To Start Today
Be inspired to follow the trend below, knowing how its potential profits could happen the same to you, judging by your expertise, training, capital, and revenue goals. We’ve chosen these small business industries to provide you plenty of income opportunities, and at the same time to challenge your entrepreneurial spirit.
1. Automotive Equipment Rental and Leasing: 14.55%
Sageworks said that more people are leasing or renting vehicles for business. As the global economy continues to grow, rental services are always in demand. Zipcar and Hertz are just two of these success stories.
Read: Starting a Trucking Company (Read This First!)
2. Specialized Design Services: 11.4%
Designing profession, either for interior, industrial and graphic design, continue to attract clients, noting on its inherent contribution to enhance the appearance and marketability of one’s products or services.
Read: How To Start An Interior Design Business
3. Management of Companies and Enterprises: 15.5%
Holding companies continue to be competitive. Hoover’s Inc. said that potential returns on investment are high in managing companies and enterprises. Aside from gaining access to a company’s capital, holding companies can also direct its market according to its niche or locations.
Read: Funding Your Startup by Consulting with Built-In Growth
4. Management, Scientific and Technical Consulting Services: 12.05%
This covers management or consultation services for scientific, industrial, marketing, human resource or any field of specialized trade and industry.
Read: How To Start A Consulting Business
5. Offices of Real Estate Agents and Brokers: 15.19%
Agent or brokerage license business for real estate industry has low starting cost yet its revenue potential is high vis-à-vis a vibrant economy.
6. Office Administrative Services: 11.3%
Entrepreneur’s research editor Carolyn Sun said that administrative services are the “backbone of business operations,” providing necessary support staff to a wide range of industries like in food services and offices.
7. Offices of Other Health Practitioners: 13.30%
Aside from doctors, health practitioners like chiropractors, optometrists, mental health practitioners and podiatrists remain to attract big profits. Opening a business based on your type of health expertise or service offers an unlimited source of income.
Read: How To Start A Home Healthcare Business
8. Offices of Dentists: 14.41%
Putting up a dental business continues to attract profit and repeat clients amid costly start-up costs. Dentists, like medical doctors, earns money both in and out of their clinics.
9. Commercial and Industrial Machinery and Equipment Rental and Leasing: 12.58%
Leasing commercial machinery and equipment remain an attractive business as industries of all types continue to come in. Investing in this type of small business venture brings a sure profit.
10. Electric Power Generation, Transmission and Distribution: 14.02%
Electric power businesses will never run out of clients and yes, sources of energy.
Whether it is solar, geothermal, wind, hydroelectric, nuclear or fossil-fuel generated energy, small and privately-owned power industries remain profitable in today’s highly industrialized world.
11. Lessors of Real Estate: 14.01%
Lessors of residential and nonresidential properties continue to earn big profits particularly after recovering the costs of their initial investment.
12. Offices of Physicians: 13.01%
Physicians invested a lot on their profession, skills, and training certificates, yet the profit from their services is constantly high. Its industry also requires low overhead costs and assures repeat clients.
13. Religious Organizations: 12.41%
Any operations managed by a church or religious organizations are inherently blessed with potential investment returns. Although non-profit by nature, religious interests –from churches to schools—remain profitable in terms of achieving success for its mission.
14. Legal Services: 14.48%
As trade agreements, settlement, and disputes regularly happen in any industry, the demand for lawyers remains high. The legal service industry also promises low operating costs and repeat clients.
15. Accounting, Tax Preparation, Bookkeeping and Payroll Services: 18.4%
Every business needs someone to keep their income and finances intact. Financial think-tank Sageworks said that accounting business is a consistent top performer in terms of small business industry.
Read: How To Start An Accounting Firm Business
Enjoyed what you read? Have any questions? Let us know in the comments below, and make sure you download the 21 point business startup checklist and start planning your own business!