If you want to increase your chances of success, there are five businesses in particular that you should consider.
Restaurants. With a relatively low startup cost and a high potential for profitability, this is a great option for those looking to get their feet wet in the world of small business ownership.
The retail business. Whether you’re selling clothes, books, or home goods, a retail store can be a great way to reach your target market.
Service business. From personal trainers to dog walkers to wedding planners, starting a service-based business can be a great way to tap into a growing market.
E-commerce business. With more and more consumers shopping online, this is an ideal option for those looking to reach a global audience.
Franchise business. If you’re looking for an established brand and proven business model, franchising may be the right option for you.