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11-09-2008, 07:43 PM
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Member
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Join Date: Dec 2007
74 posts, read 112,942 times
Reputation: 55
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fail proof businesses?
I know no business is 100% fail proof BUT which type of business is most likely to succeed?
I know dental offices and dry cleaners rarely fail. What about others?
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11-09-2008, 11:22 PM
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does not swim unless there's a waterpark involved
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Join Date: Mar 2008
Location: Seattle -> San Antonio
2,416 posts, read 1,369,430 times
Reputation: 790
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Government?
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11-09-2008, 11:34 PM
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Senior Member
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Join Date: Jun 2007
1,977 posts, read 1,480,266 times
Reputation: 752
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Quote:
Originally Posted by JaxMover
I know no business is 100% fail proof BUT which type of business is most likely to succeed?
I know dental offices and dry cleaners rarely fail. What about others?
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Let's start with --
Define "Fail." |
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11-10-2008, 01:13 AM
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Senior Member
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Join Date: May 2008
1,786 posts, read 1,098,243 times
Reputation: 436
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Fail depends on how it is run. I think maybe you mean what does everyone need. Everyone will eventually need a funeral of some kind.
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11-10-2008, 02:22 AM
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Cantankerous
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Join Date: Apr 2007
Location: Los Angeles Area
3,306 posts, read 1,148,368 times
Reputation: 592
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In what sense do dry cleaners rarely fail? Dry cleaning is very low profit.
You should do a business in something you enjoy and have a passion for otherwise you're likely to fail regardless of the business.
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11-10-2008, 03:37 AM
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Senior Member
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Join Date: Sep 2006
2,228 posts, read 1,733,207 times
Reputation: 736
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Quote:
Originally Posted by f_m
Fail depends on how it is run. I think maybe you mean what does everyone need. Everyone will eventually need a funeral of some kind.
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Before that, food and toilet paper.
Having said that, it is possible to run any business into the crapper.
No substitute for prudent management and, as Humanoid mentions, passion, and dedication I would add.
Anyway, local produce sellers and discount stores are doing well right now, at least as far as I can see. |
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11-10-2008, 08:51 AM
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Senior Member
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Join Date: May 2007
8,162 posts, read 4,261,728 times
Reputation: 1701
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hair salons
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11-10-2008, 08:53 AM
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bad mamma jamma
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Join Date: Jul 2008
Location: Texas
4,889 posts, read 2,118,112 times
Reputation: 2672
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Liquor store, liquor store...
When times are tough...people are sad...they drink.
When times are good...people are happy...they drink.
It's economy-proof.
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11-10-2008, 09:08 AM
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Senior Member
Status:
"The Reckoning Resumes Dec. 12..."
(set 29 days ago)
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Join Date: Jan 2008
Location: Visitation between Wal-Mart & Home Depot
4,137 posts, read 2,816,098 times
Reputation: 2202
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Quote:
Originally Posted by JaxMover
I know no business is 100% fail proof BUT which type of business is most likely to succeed?
I know dental offices and dry cleaners rarely fail. What about others?
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I don't really know of any "dry cleaning tycoons" either.
I think the industries that will be good investments through this period are those that produce rather than serve. Auto manufacturers are too iffy right now, but everyone needs lumber, steel and oil. |
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11-10-2008, 10:51 AM
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Caribou Barbie Inspector
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Join Date: Apr 2008
Location: Yootó
1,270 posts, read 773,445 times
Reputation: 585
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Law firms.
In good times they sue for all kinds of torts, contract disputes, property issues, business propositions.
In bad times it is bankruptcy, foreclosure.
And in all times there is always divorce and crime. As long as a lawyer is not too specialized, he or she can always roll with the flow.
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