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11-09-2008, 07:43 PM
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74 posts, read 598,717 times
Reputation: 163
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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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Location: Charleston, SC
5,615 posts, read 13,496,656 times
Reputation: 2540
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Government?
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11-09-2008, 11:34 PM
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5,409 posts, read 10,346,650 times
Reputation: 4483
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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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2,289 posts, read 7,803,588 times
Reputation: 877
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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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Location: Los Angeles Area
3,306 posts, read 3,656,357 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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Location: western East Roman Empire
8,064 posts, read 11,847,559 times
Reputation: 8044
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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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26,863 posts, read 42,037,023 times
Reputation: 15119
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hair salons
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11-10-2008, 08:53 AM
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Location: Texas
44,257 posts, read 56,896,314 times
Reputation: 73543
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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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Location: Visitation between Wal-Mart & Home Depot
8,308 posts, read 36,208,849 times
Reputation: 7130
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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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Location: Yootó
1,305 posts, read 3,374,107 times
Reputation: 809
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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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