What type of small business is most profitable

With indoor dining limited in many locations right now, aspiring restaurateurs might find more success with a food truck. Food trucks come in all shapes and sizes, serving up a wide range of snacks and cuisines. Take your favorite style of food on the road and sell your culinary passions directly to hungry customers. Sure, you'll be working, but you'll be in a space you're passionate about, with a chance to connect to people who have similar interests.

Food trucks might sound like a wild idea, but the industry is growing. The overhead and upkeep for a truck costs significantly less than owning a restaurant, and you have the added benefit of mobility. If you're interested in serving up smiles, get more information in our guide to getting your food truck business rolling full speed ahead. If you grew up with a lawn, chances are your parents made you take care of it. For many of us, lawn care is bothersome, but for some, it offers a sense of peace and serenity.

Working outdoors with your hands to tame and beautify the natural landscape can be a rewarding experience, and since so many people find the work tedious, it can also be profitable.

Lawn care services require little more than some basic equipment, a trailer and perhaps some staff, depending on how many clients you have and how big the jobs are. You can quickly grow a small lawn care service into a full landscaping company by offering premium services and establishing a reputation as a brand that does a thorough job with a smile.

If you like working outdoors and creating elegant landscapes, this could be the business for you. If starting your own business seems daunting or too much of a risk, you can always use your car to become a rideshare driver. The overhead and responsibility of running the company falls on the rideshare service, giving you the freedom to work as much or as little as you need. Rideshare applications such as Uber and Lyft have enabled people to start side hustles that pay well and require little more than a willingness to drive people to their destinations and make occasional friendly conversation.

Rideshare drivers have the independence of a small business owner without the heavy workload required to manage the logistics behind the scenes. If any of the other business ideas seem like they require too much effort or upfront capital, ridesharing might be a great way for you to dip your toes into the world of entrepreneurship. For many people, navigating the housing market is overwhelming. As a real estate agent, you can help people find the home of their dreams at a price that fits their budget.

In many states, you simply need to complete a few months of classes and pass an exam to qualify as a real estate agent. Even with a certification, you'll get nowhere without basic people skills, so if you're not a people person, this might not be the route for you. Corporations, small businesses and sole proprietors all need eye-catching promotional materials, but not nearly everybody has an eye for what looks good.

If you've got an artistic streak and know how to organize content into a visually pleasing format, you can start a graphic design business to provide flyers, digital ads, posters and other engaging visual materials. Graphic design also has the benefit of requiring few physical tools beyond a laptop and a desk.

Just like with graphic design, you might enjoy launching a T-shirt printing business if you've got a sharp artistic sense — or maybe you just enjoy taking someone else's visuals and screen-printing them onto a blank shirt.

Either way, if you have space for a T-shirt printing setup, you can easily get the necessary tools and start your small business.

Not all companies that sell goods store them onsite. In dropshipping, people who run e-commerce sites go to a third party to fulfill all orders. The third party is likely a wholesale retailer or other entity that runs a warehouse and shipping operation. The minimal inventory and tools needed for dropshipping make it an especially great startup idea if you're worried about overhead and physical space.

About two-thirds of U. When these families go away for extended periods and need someone to watch their pets for them, your pet-sitting small business can give them peace of mind. As a pet sitter, you'll watch over your clients' dogs, cats or other pets at their house, making sure to feed them, give them water, play with them, spend time with them, and with dogs walk them as needed.

You'll also need to regularly update your clients on how their pets are doing. If you have other sources of income that require merely an internet connection and a laptop, pet sitting may be an especially apt small business idea. Almost all pet owners will be glad to let you do work on your laptop while you spend time at their home with their pets, meaning that you can run two income streams simultaneously.

Small businesses that involve website design, a subset of digital marketing, tend to be among those that make the most sales and bring in the most profit. People now learn about businesses on the internet more often than via other avenues, so finding clients and a steady income stream isn't usually difficult. Cleaning services and real estate businesses also have high success rates, which makes sense — all people need homes, and they prefer them clean.

Key Takeaway: Some of the most profitable business ideas are website design, cleaning services and real estate. If you're concerned about maximizing your profit while minimizing your workload, a good small business to start might be any of the ones that most frequently prove successful. However, if you're more interested in incorporating your passions into your work while earning enough money to live, a good small business to start is any that fulfills you, requires you to use your skills and offers you a good work-life balance.

There are so many great business ideas that this question has no objectively correct answer — you know better than anyone what small business ideas will bring you happiness, success and stability.

You don't need money to become a small business owner. The first step in starting a business with no money is to keep your current job and launch your small business as, for now, a side pursuit. Then, develop your business plan and analyze your consumer base, market, and potential challenges. Near the final stages of this planning, you'll better understand how much money you need to start your business.

You can find this money through crowdfunding platforms and investors. Consider taking out a business loan only as a last resort. Along with leasing and property management, real estate sales have steadily risen since the recession, with over 5. Bureau of Labor Statistics. To become a broker you must have at least a year's experience as a sales agent before taking the broker's training course, passing the examination, and obtaining a broker's license.

The "Other Health Care Practitioners" category includes service providers such as:. Management, Scientific and Technical Consulting businesses provide specialized services in a variety of disciplines to businesses and governments, including:. Firms range in size from one-person consulting businesses to large firms that offer services in a variety of areas. Most can be operated as home-based businesses. Warehousing and storage facilities are always in demand from both residential and commercial customers.

Many businesses do not have on-site space for storing equipment or inventory, and home owners often have more possessions than space in the home. Many such facilities provide no services other than storage space, utilities, building maintenance, and security - customers can utilize the space however they wish. Actively scan device characteristics for identification.

Use precise geolocation data. Select personalised content. Create a personalised content profile. Measure ad performance. Select basic ads. Create a personalised ads profile. Select personalised ads. Apply market research to generate audience insights. Measure content performance. Develop and improve products. For the right person, starting a small business is extremely rewarding.

Small businesses support local economies and provide jobs to the citizens living in those locations. Accounting Firm Accounting firms track income, expenses, taxes, and other financial-related information for businesses and individuals. What it takes to start an accounting firm : Form a business.

We recommend forming a limited liability company or LLC. Set up accounting. Obtain necessary permits and licenses. Purchase business insurance. Define your brand. Establish a web presence. Healthcare The healthcare industry is always in high demand for qualified healthcare professionals.

Medical Practice Doctors are responsible for the overall healthcare of the patients under their supervision. What it takes to start a private medical practice : Form your business. We recommend forming an LLC to protect your personal assets.

Open a business bank account. Create a pro forma similar to a business plan and obtain bank financing. Rent space and purchase all necessary medical equipment, insurances, and licenses. Hire and train staff.

Open your doors for business. Build your brand through proper marketing initiatives and great customer service. Private Nurse Business Nurses are responsible for the healthcare and wellbeing of the patients they serve. What it takes to start a private nurse business : Form your business. Create a business plan, and get financing. Decide on a location. Many entrepreneurial nurses work out of their homes. Begin practicing and seeing patients in their homes.

Outpatient Care Business Outpatient care professionals are responsible for administering specialized care services to the patients they serve. What it takes to start a private outpatient care business : Form your business. Create a business plan and get financing. Many entrepreneurial outpatient care providers work out of their homes and in the homes of the people they serve.

Begin charging for your specialization and seeing patients in their homes. Physical Training Business Physical trainers are alternative health care providers responsible for helping their clients reach their health and wellness goals. What it takes to start a physical training business : Form your business. Decide a location to work from. Real Estate Real estate investors have many options for generating profits.

What it takes to start a real estate investment business : Form your business. Decide a location to work out of. Many real estate investors work out of a home office. Begin researching and purchasing properties and reselling them for a profit or renting them for passive income Build your brand through proper marketing initiatives and great customer service Educational Requirements : You do not need a formal education to be a real estate investor.

Legal Services Lawyers represent organizations, government agencies, corporations, and individuals in a court of law. What it takes to start a law firm : Form your business. Choose a location to work from. Many lawyers work out of rented office space near courthouses.

Begin working for clients and helping them with their legal problems. Dental Care Dental offices are a necessary business for all communities. What it takes to start a dental office : Form your business. Dentists need specialized equipment, so you must carefully plan the proper space. Begin charging for your services and seeing clients in your dental clinic. Warehouse and Storage A self-storage business provides a place for people to store their personal belongings. What it takes to start a self-storage business : Form your business.