“While a number of small businesses flop in their first year, a safe way to help your new venture be a success is by tapping into the right industry.
From accounting to legal services to real estate — there are certain industries that tend to see higher profits than others. By analyzing net profit margins of privately held companies over the past 12 months, financial information company Sageworks sought to uncover exactly which industries are the most profitable.
For the second year in a row, accounting and tax services takes the cake for the most profitable industry. Real estate, legal services and management of companies and enterprises follows closely behind, also landing on the top of the list for most profitable types of small businesses.
“Many of the top performers are service industries in which certifications and education requirements are barriers to entry,” Sageworks analyst Libby Bierman said in a press release.”
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“There’s a lot of money in sports. Usually, that adage is associated with negativity — high player salaries, ticket prices, concessions — but on another level, it’s true on a small business level. Sports present a lot of small business opportunities to entrepreneurs and there are plenty of sports business ideas that don’t require any athletic ability whatsoever. In fact, there are a number of businesses that are more just ways of marketing established businesses to a sports audience.
Athletics appeal to one of the broadest ranges of people. For many children, youth sports remain a rite of passage. And adults are being encouraged to be more athletic every day.
Check out these hot — and potentially lucrative — sports business ideas.
For a lot of blue-chip college recruits, they’re making names for themselves in elementary school — literally — thanks to the fame they’ve built on YouTube and other video sites. Professionally edited “mixtapes” showcasing their skills serve as a way of getting their names in front of the public and, more importantly, college recruiters.
This isn’t just for the Thon Maker’s of the world, either. Any high school athlete with eyes on an athletic scholarship can benefit from a seamless highlight reel.”
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Every year we make the same resolutions, like losing weight or to quit smoking. What about making more money?
While there proven ways to make extra cash on the side, even if you have a full-time job, if those haven’t worked-out for you in years past, then consider these 10 new ideas for earning some additional money on the side.
1. Join the sharing economy.
“The sharing economy is growing at an exponential rate,” says Nigel Wilson, managing director at Hitwise. “Thousands of sharing economy companies have sprouted up around the world, and consumers are actively engaging in collaborative consumption.
According to PwC, 44 percent of all adults in the U.S. are aware of the sharing economy and 19 percent have engaged in a sharing economy transaction. It is imperative for brands to consider how to support and participate in collaborative consumption, rather than compete against it.”
The sharing economy is exploding and the largest demographic in the country, millennials, have embraced it. For 2017, look beyond Uber, Lyft and AirBnb when looking to tap into this market. You can rent out your car on Turo, camera equipment on Cameralends, snowboard or bike on Spinlister and, if you own one, your sailboat on Sailo. Besides renting out the stuff that you already own, you can deliver home-cooked meals with Umi-Kitchen.
Read the full post here.
If you’re the kind of person that loves animals and want to be your own boss, why not start a pet-related business? You don’t have to be a veterinarian to have an animal-related career. There is an entire pet industry that creates thousands of jobs ranging from food manufacturing to pet grooming and so forth. You can be a part of this industry too and live off your passion for taking care of animals. Depending on your interests and skill set, one of the following five pet-related business may be the one for you:
1. A pet sitting company
Much like a baby-sitting business, a pet sitting company provides professionals with the peace of mind knowing their furry friends are taken care of while they are away on business trips or busy at work. This is a great start-up idea mainly because it doesn’t require financial investment on your part. All you need are pet skills and with good word of mouth your business is sure to take off. Before you know it, you may have to hire other pet lovers like yourself to meet the growing demand for your services. Over time, you may consider getting pet-sitting insurance (yes, that’s a thing!) to protect your enterprise from a misfortune in case something were to happen to one of your pet-clients.
2. A professional pet grooming service
There are as many types of pet hair cuts as there are breeds of cats. Considering how furry pets are, you’ll never run out of business as a pet groomer! This undertaking will require you to invest both time in getting trained in professional pet grooming as well as money for your tools and possibly even space. You can provide services like hair trimming, hair cutting, bathing, etc.
3. A pet photography venture
If you have a pet, you know how much pet owners (or pet parents, as some would like to be called) love their pets. Pet owners want to capture the joys of having such a wonderful companion and cherish their memories for a lifetime. A pet photography venture would allow you to do just that. With the right photography skills and gear, you can turn simple moments like a walk with a dog into an image that pet owners can boast about to everyone they know.
4. A pet training school
This school can have curricula for different animals as well as have variations of full training programs in addition to more specific courses like obedience training. If you’re tech savvy and have access to a video camera, you can even create online courses with tips and tricks. This will bring traction to your training school plus help pet guardians deal with untrained pets who cannot otherwise attend your courses in person. Such a training school will do more than just train animals; it will also teach good behaviours to new pet parents that have had no previous experience with pets before.
5. Run a pet-related blog/website
Pet parents love to read up on pet quirks and stories so if you are passionate about writing and love animals, this may bring the big bucks for you! You can turn your blog/website into a hub and let your audience immerse in multimedia content all day, every day. The best part about having a website is that it has no geographical barriers so people across the globe will have access to your posts and you can make money by using ad services like Google Ads, etc.