Summary of 6 Businesses That Rarely Fail

Key Business Types and Success Rates:

• Rental Properties
  • Success Rate: 85.3%
  • Strategy: Invest in real estate, which is considered a hard asset.
• Laundromats
  • Success Rate: 95% over five years
  • Strategy: Simple business model that is recession-proof and easy to understand.
• Self Storage Facilities
  • Success Rate: 92%
  • Trend: Gained popularity since 2008, considered a leading asset class.
• Transportation Businesses
  • Success Rate: 90%
  • Trend: Essential for logistics, especially with the rise of e-commerce like Amazon.
• Vending Machine Operations
  • Initial Investment: $3,000 to $5,000
  • Note: Simple business model but challenging to scale.
• Senior Care Centers
  • Success Rate: 97%
  • Strategy: Supported by grants, allowances, and tax breaks from government and independent groups, though initial costs are high.

Methodology:

• Focus on hard assets and essential services.
• Leverage government support and market demand.
• Keep business models simple and recession-proof.

Presenters/Sources:

The video does not specify individual presenters but references Andrew Carnegie regarding Rental Properties.

Notable Quotes

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Category

Business and Finance

Video