Most businesses fail and the Question is how can you have a business that doesn’t fail?
We founded Six business with the lowest failure rate all backed up by Data .
It is valid about having a business and worrying about what if it fails? According to a Recent statistics 20% of U.S businesses fail within the first 6months
Businesses that have the lowest failure rates
1. Launder mat: An Amazingly low failure rate. Launder has a shocking 95% success rate. They have a low failure rate, easy to understand( a washing machine, a drier , ironing e.t.c) it is Affordable and people always need their clothes cleaned. You run it remote or with few employee’s and contractors
2. Real estate: more money has been made in real estate than all industrial investment combined and it has a 85.3% success rate . Why does it have low failure rate? Because it’s a simple business with hard Asset, you have monthly cash flow from rental income.
3. Self storage facility: if you don’t like the idea of real estate investing this is potentially the best for you
It has a 92% success rate . Technology has made this possible and standard to run. You have keyless entry, you have tracking system software, security system, Auto bill pay ,Auto contract and all of these allows people in and out of the unit without you.
4. Last mile delivery: it’s the biggest change in our economy in the last ten years when it comes to transportation and logistics. With e-commerce coming along , Gig economy, online platform, it’s more needed to get the goods delivered or it might just involves transporting people or goods to short distance as a side hustle with trucks. It has a 76% success rate.
