Do you know the most profitable businesses little known
to small business people?
Generally, people have a mentality that the most profitable businesses are media,
technology, or Internet-based companies like Google or Yahoo! It’s
true, and I don’t intend to refute. However, they are widely known to everyone!
Today, I will inform you about the most profitable businesses, and little known to people, that you
can start and make yourself a fortune. Here they are…
1. Equipment Leasing
Entrepreneur.com
defines equipment leasing as:
“Obtaining the use of machinery,
vehicles or other equipment on a rental basis. This avoids the need to invest
capital in equipment. Ownership rests in the hands of the financial institution
or leasing company, while the business has the actual use of it.”
The increased use of computers and
auspicious treatment of off-balance sheet transactions in the last three decades has fueled growth this
rewarding business.
The Equipment Leasing and Finance
Association survey revealed that almost 80% of U.S. companies lease some or all
of their equipment.
Some of the magnates in this business
are Saul P. Steinberg, Ned Mundell, Peter Redfield and Gary Friedman.
2. Construction Business
Real estate development projects have fueled increase of construction activities. Small business people can set up
construction companies and bid for small projects to start with. As time
progresses, the company can diversify its service portfolio by hiring more skilled
construction engineers and buying or leasing and sophisticated construction
equipment. You bear me witness that established construction companies make
millions in revenue each year.
3. Contract Work for Federal Government
The federal government contracts
individuals or businesses to complete its projects. Some may argue that the
contracts are sometimes not awarded fairly due to nepotism and individualism.
These federal contracts are worth
millions of dollars. I once heard of a firm that won an FBI contract worth $450
million. Now that is a lot of revenue for a small business.
4. Baby Care Business
Ten years back, baby care business
was not that popular as it is today. The modern culture and circumstance are
major boosts to this business. Working parents are opting to enroll their kids
in a baby day care instead of hiring nannies to look after them.
The business is lucrative because the
operating costs like advertising and rent are relatively low.
Babycare Ltd, started by Mathews in
China, recorded more than $450 million in revenue a year in 2005. Later in 2010,
it was purchased by USANA Sciences for approximately $62.7 million.
5. Hazardous Waste/ Bio-hazard waste Removal
The major reason why this business is
very lucrative is because of the dangers involved. The low numbers of qualified
personnel drives the costs of hazardous waste removal up. If you are an
aspiring small business entrepreneur, this is a very good opportunity.
PS: Kindly help me
improve this article by noting any typos or suggesting any ideas that you have.
IF YOU LOVE IT, SPREAD
THE WORD BY SHARING IT WITH YOUR BUDDIES USING THE BUTTONS BELOW.
