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Old 11-09-2008, 07:43 PM
 
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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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Old 11-09-2008, 11:22 PM
 
Location: Charleston, SC
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Government?
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Old 11-09-2008, 11:34 PM
 
5,409 posts, read 10,346,650 times
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Quote:
Originally Posted by JaxMover View Post
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?
Let's start with --

Define "Fail."
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Old 11-10-2008, 01:13 AM
f_m
 
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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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Old 11-10-2008, 02:22 AM
 
Location: Los Angeles Area
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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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Old 11-10-2008, 03:37 AM
 
Location: western East Roman Empire
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Quote:
Originally Posted by f_m View Post
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.
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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Old 11-10-2008, 08:51 AM
 
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hair salons
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Old 11-10-2008, 08:53 AM
 
Location: Texas
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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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Old 11-10-2008, 09:08 AM
 
Location: Visitation between Wal-Mart & Home Depot
8,308 posts, read 36,208,849 times
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Quote:
Originally Posted by JaxMover View Post
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?
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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Old 11-10-2008, 10:51 AM
 
Location: Yootó
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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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