7 Small Town Businesses That Never Fail
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- เผยแพร่เมื่อ 4 มิ.ย. 2024
- 7 Small Town Businesses That Never Fail
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You're a new entrepreneur and you want to start a small business in your small town in the United States. But you're worried about failing. We understand. No one wants to lose their money. You want to start a business, make money and be successful. That's the ultimate goal anyway. In this video, we explore seven small town businesses that have very low failure rates, as determined through industry sources and the U.S. Bureau of Labor Statistics. The factors affecting an individual small business's success or failure are numerous. Many, many fail. That's the reality of doing business in North America. But the business ideas and industries featured in this video will hopefully give you just that much more of an edge when you embark on your entrepreneurial journey in your small town!
Here's another helpful video when you're ready to take your business idea live: 7 Tips For Starting Your Own Small Business [And Outsmart Big Business] in 2024: • 7 Secrets to Being a S...
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Starting a small business in the U.S. is an incredibly rewarding journey, but it can often feel intimidating. You may feel like you don’t know where to start or how to even navigate the world of entrepreneurship. If this sounds familiar, look no further than The Launch Your Small Business channel where we offer how-to videos, advice and inspiration for future entrepreneurs. Here, you will find best strategies for how to start a business, how to make money online, creative start-up ideas for small businesses and profitable side hustles. This channel provides more than just motivation - it provides concrete ideas on how to start your own small business. If you are looking for insightful business ideas on how to get started with your own small business venture, this channel is for you. These videos will help any aspiring entrepreneur become one step closer to achieving their business and financial dreams.
📌 7 Tips For Starting Your Own Small Business [And Outsmart Big Business] in 2024: • 7 Secrets to Being a S...
📌 Not ready to go all in and start a full business? Explore these seven small town side hustles to get valuable business experience: • 7 SMALL TOWN Side Hust...
📌 Hey new small town entrepreneur! Check out this video: Online Side Hustle Ideas for YOUR Small Town: • 7 Untapped SMALL TOWN ...
#businessideas #smallbusinessideas #howtostartabusiness
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Disclaimer: The information provided in this video is meant for educational and entertainment purposes and is not a substitute for your own due diligence and professional legal and financial advice. - แนวปฏิบัติและการใช้ชีวิต
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I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
@@GiovanniJakob That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
You can look her up online
Nah I Can't say I can relate, Victoria Carmen Santaella charge is one-off and pretty reasonable when compared to what I benefit in returns.
@@GiovanniJakob I will give this a look, thanks a bunch for sharing.
07. Home repair & renovation
06. Public Storage
05. Laundromat
04. Vending machines
03. Residential & commercial rentals
02. Trucking
01. Agriculture
Small business tip from Warren Buffet: Ahhh...you should watch to see! You are worth it!
thank you
appliance repair is huge too along with HVAC/refrigeration
None of these are appealing and agricultural endeavors are way too costly & very risky! His stats are wrong. I've tried for 30+ yrs. 😐
Agriculture!? 😂😂😂😂😂
Skeptics...
Just because people
fail doesn't mean all
people will fail.
I've been in trucking for 10 years now and I am a owner operator past 7 years. For trucking you must gain experience 1st before owning your own equipment. Trucking market is always very competitive and has a lot of Expenses that are not mentioned in this video. A lot of Expenses.
Thanks for the input! You're right, experience and knowledge provide invaluable insight if you're looking to start a new business, in any industry.
As a trucker wife, I couldn't agree more.
Trucking will never be a business that small entrepreneurs can succeed in because the large companies are allowed to self insure. While small businesses are forced to pay 30k a year for insurance
One thing that needs to be mentioned is that you have to set your rates, not who you are contracting to. Australian rates, to give an example, work was being done in 2008, and the rates were better in 1983. From what has been gathered in the interim, the rates have gone up by over 60% from 2008 to today. One of the big companies offered me work at a loss making rate. I told them straight out that I am not a prostitute, and I am hell bent on making a profit. Sadly, got off the road due to an illegally issued defect notice. No one in Australia has a Pattern Approved set of brake rollers.
Trucking industry is over regulated and dead.
I have been owner operator for 30 years, just put my last Pete 379 up for sale.
F the gov.
THANKS. Just what I needed to watch. My husband and I are administrators of our farming business and our own properties, as well as small pensions. I am almost 52, my husband is 55. We have started saving for retirement from the farm and maybe live off rental income, I would really appreciate it if you would do a video on how to earn passive income online and retire comfortably let's say 1 million bucks.
Consider financial planning.
It really isn’t about how much you save, it’s about how you manage your money. Whether you work to earn income or invest, it still boils down to income vs expenses, so yeah you may look into investment advisors for a strategy that suits your timing.
I totally agree, I'm 60 and just retired with about 1.2 million in outside retirement funds, no debt and very small dollars in retirement funds compared to my balance of portfolio over the past 3 years to date. tbh, the role of the invt-advisor can only be overlooked, not denied. just do your research to find a reputable one.
Please can you leave the info of your investment advisor here? I’m in dire need for one.
Do your due diligence and opt for one that has tactics to help your portfolio continue consistent and steady growth. "Theresa Dana Peek" is accountable for the success of my portfolio, and I believe she has the qualifications and expertise to accomplish your objectives.
I know someone who has been running a laundromat and making good money. Modern laundromats can have a system where the customer pays by credit card and saves a percentage. This relieves the owner from having to deal with thousands of quarters every month. It also creates customer loyalty. Stuff like that.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
@@martingiavarini Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with this person
@@martingiavarini I am going to look her up, I have about $81k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again.
Yeah, sitting on your ass expecting to make money on the labor of others. The exact reason why jobs are lost overseas, quality goes down and prices soar. Too many people contributing to the problems that they complain about. Put the greed aside and get a fucking job.
There is no shame in failing. It's a best thing can happen to new small entrepreneurs, it provides time to think where and what went wrong.
100% right. Failing at business is one of the best teachers for future success. But it's a legitimate fear for many new entrepreneurs, which is why we put together this list of business ideas.
Depends how big the fail is. You may be severely financially and psychologically damaged by failure. Your credit rating might be harmed, and you may find it harder to get collaborators for future projects.
Small town businesses thrive on personal connections and community support. They're the heart of any town. 💪
Well said!
Find out what people don't like to do, than learn how to do it. Works every time.
Excellent advice!
Add a basic needs apparel shop (casual tops, bottoms, denim etc), a resale/thrift shop, a coffee shop and a pizza joint. Pizza and coffee never fail if you keep it basic and not too fusion or funky in small rural towns, just keep it friendly. ALL are needed in even the smallest rural towns and will never fail. I'm a transplant to bumf**k Cherryfield, ME from NYC, Cape Cod and Boston. I'm living this exact scenario, seeing what works in a small town and who is making loot. Construction, coffee, takeout, laundromat, land deals, convenience, thrift, dump runs and cleanouts, storage. There are no high-traffic large buildings, schools or shared spaces for vending. Everyone has their own pickup and snowplow, no one needs landscaping because its the country, everyone grows and cans, fresh eggs do very well on road-side stands... people are very independent and not fancy and don't want to be fancy. Keep it honest, basic and clean... whatever it is. Basic needs.
Lots of good ideas in here for another video!
Small farmers would do a lot better taking the crops to the cities and selling them there with the infrastructure breakdown and the fact hardly anyone in the city can grow food… 100% correct about learning skills, I’ve noticed that most people can’t replace a tire much less replace a starter, and I don’t have enough time to grow the food and fix their cars too lol!
Don’t forget coffee and snow cone stands. Done both and it’s all branding, curb appeal, and location location location.
Thanks for the video, Bro! You are spot-on, and anyone who doubts has only to look round-about...SMILE!!!
Thanks for watching!
Even a semi skilled handyman is in demand. A body to help move furniture, painting off a ladder and so on. Even taking old furniture to the dump, picking up potting soil and peat moss, fence repair, you name it, and with the advent of Sharkbites simple plumbing repairs are easy.
Great points!
Everybody wants you to work for nothing.
So a last-mile trucking company transporting stuff to and from your public storage site, packed with vending machines selling peppers on site and washing machines in the basement Rent out some of the boxes to some of the less fortunate to live in and repair the stored junk over there and do the laundry. Check!
Thank you, I am from the Philippines, and in just a FEW more months will be MIGRATING to Australia, and I am PLANNING to have my small VENDING machine, selling snacks, candies, power drinks, soft drinks, and chocolates, maybe, STARTING small and let the business prosper...
Good luck on the move and with starting your business!
@@hesh2892 My SIDE hustle, I am NOT contented with just ONE job
Location is key.
College students throw money away. Maybe try near a University. See what they like and aell that. Some enegry drinks, nutritional drinks... see what they are looking for and sell them their feelings of empowerment (within reason).
This is a great video for anyone looking to start a small business in a small town. The businesses featured are all businesses that have a proven track record of success.
Thanks, we're glad you enjoyed it!
As a rental property owner I would never take out a mortgage to buy a rental property. My rentals are paid off. When your renter moves suddenly you lose your income on the property. If you have a mortgage you are now paying for multiple houses and that doesn’t include repairs on the home after your renters have left. If a person isn’t financially stable this one incident could easily have serious consequences for the landlord.
I extremely like the video, man. Very helpful and informative. Thank you very much. It is presented so well too. Great, positive work.
Glad you enjoyed it!
With the cost of inputs right now, agriculture is a tough one to turn much of a profit (depending on scale size)! Make sure you do your research and know not only what you need, but the cost of it and then market yourself properly to turn a profit!
Bryan...I wonder about that one myself....done it a little...so many things that are beyond control ..and it's hard hard work..I banged nails and did quite well. Ever grow potatoes??? Yikes!!!!
❤ great ideas! Thank you for sharing. I really like the laundromat idea. Such a useful business.❤
Thanks!
Success depends on the actions or steps you take to achieve it. Show me a man with no investment and I'll tell you how long it takes to fail. The investment creates a safe haven for the future. With the right choice of investment that has at least a minimum risk of 2% and with expert advice, profits and interest are 100% guaranteed.
I'm glad I got into trading when I did because it was a turning point for me financially it was my best decision ever. All thanks to Mrs Shana Heckel her set skills are amazing.,
Amazing to see another who trades with Ms.Shana Heckel, I am currently on my fifth trade with her and my portfolio has grown tremendously. Your weekly signals are highly profitable,,,
I invest with Mrs Shana Heckel too, her charges a 20% commission on profit made after every trading session which is fair compare to the effort she puts in to make huge profits.
This is not the first time I'm hearing about Mrs Shana Heckel and her exploits in the trading world but i have no idea how to reach her.
As a first time investor I started trading with, Mrs Shana Heckel, I personally appreciate her straight and simple approach towards educating traders. My portfolio has grown more within just weeks of trading with her.
After working in home repair and renovations for over 12 years , I can attest it is impossible to get reliable or skilled help for crews on any regular basis . So Handyman work is the most stable . Small Jobs , like door and window instillations , individual room remodels and such . Anything bigger gets very frustrating and unpredictable .
I grew up watching my parents own a sign shop small/mid size town. Due to the nature of their work, we would see many businesses start and many businesses would either return for more product or we eventually find out they quit.
Lawn care is clearly a business that people start whenever things get hard. But from our point of view those do either very well or quit fairly quickly.
Contractors often do very well. Although they seem slightly more prone to not pay for work even though they left a substantial deposit. That might suggest they would buy stuff expecting their current work to go a certain way, and then not have money when they planned to pick up. But many are doing very well. Especially the ones that work for businesses. Generally pleasant to work with.
Childcare businesses do well and seem to have above average profit based on their willingness to spend on marketing. But I have the impression that there is a lot of legal requirements and logistics you have to get down pat before you even get to start.
Landlord’s seem to do well. The ones with a bad reputation are just as bad to work for as rent from, but the good ones were good to work for and very utilitarian.
Truckers/shipping of any kind seem to make good money, usually really nice to work for. Often low of time, probably because if we are doing stuff to their truck/van/etc it means they aren’t getting earnings that day.
Thanks for the insights!
I think it is important to spread funds in channels that are poised to do well in recession. I'm currently finishing my 6th duplex and retired from the rat race at 35 and what funded all these were strategic investing in stocks and consistent trading crypto. I'm exceptionally well positioned for what's to come because my portfolio is solid enough to withstand and outperform irrespective of the market trends.
Way to go buddy! The only people who are going to make great impact in their investment portfolio are those who see the 2022 recession as the biggest opportunity to get rich.
I guess the market doesn't look bad, Its me who just don't see the opportunity it's providing right nOw.
Follow my lead ma'am, using a coach with extensive knowledge of portfolio diversity and is considered an expert in the field on. I advise researching his credentials further for his business memos. he has many years of experience and is a valuable resource for anyone looking to navigate the financial markets.
I already did the search by looking him up. Thanks for the advice
My coach "Frost Hilda " is highly qualified and experienced in the financial market.
Yeah I did want to do the storage facility but some people were saying they were breaking even or even losing money...
Your advice and expertise are highly practical and valuable.
Thank you!
@@launchyoursmallbusiness You're welcome! By the way, are you interested in having a guest on your channel?
Nice video for small town loving. Thanks for this! Invest in yourself. Learn as much as you can and take action.
Thanks, glad you enjoyed it. Grest advice, too!
Great content !!! Very engaging right from the beginning These are tough times and frankly I appreciate how you discuss global finances in such a delicate way.
Business and investment are the best way to make money even under the nose off
Don't be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you're investing in great companies. kudos to Cioffibrown Alison
1 also work with him, he charge a fifteen% commission on gains after each tradinq session which is fair compared to the efforts he put in to make huge return(s).
Yeah, that guy is one asset manager that gives the breakdown of everything on how things are done, joining an effective financial community can be 100% beneficial when joined properly that's all I can say out of experience
No! It stays right in my portfolio. My account only mirrors his trades in real time that's the ideal for this system. Copy trading is 100% secured and very transparent aspect of algorithmic trading
For real, venturing into the world of investment without the quidance of a professional trader is not always profitable.
Thank you 💕 so much for this knowledge. I have done small business and am still doing small business in transport ,and small rentals . I pray n hope I own a laundromat this year 2023. Most people have a need to wash clothes
Good luck with your ventures!
I wonder how many people have relatives that have a washer and dryer. One mother with three adult children can was 4 families clothes. What will a small town use a laundry mat for? Tarps, sleeping bags, horse blankets, etc.
@@randyhome1544 laundromats are a joke business, most of them barely turn a profit. They are expensive to set up and operate. The gas and electric bills alone are staggering. The best small businesses require very small un-borrowed start up capital and very little overhead to allow adjustment to fluctuations in revenue stream. If your start up plan involves a $200 thousand dollar loan from the SBA or remortgage your house, don't do it.
Pest Control and Termite work is one of the most profitable and easy to grow businesses there is. most customers are on a monthly service. if you do good work, once you get your foot in the door you gain customers for life.
Interesting business idea!
Yikes! Customers for life?? Does that mean you aren't doing.the job? Perhaps folks need Pest extetmination rather than Pest control?! 😂😂
@@evaallen9728 do you expect a company to service a property and then never see a bug again? Sorry Hun, life doesn't work like that.
This is nice practical advice and knowledge, something that we need more of.
Thank you! Practical, helpful business advice is what we were going for!
Thank you for your help.
Glad you liked the video!
Something like 80 percent of transportation companies fail within 2 years of getting their own authority.
thanks for the info.
Happy to do it, hopefully it gave you some ideas to think about!
Great job!
Thanks!
I use it for only washing heavy blankets. Laundromats can have a high expense
How do small town businesses differ from their urban counterparts in terms of customer base and marketing strategies?
Handyman!! In high demand everywhere. 🎉
Putting in fence and replacing a roof that hurts your body overtime unless you can cut in and hire some to cover all the labor involved
Handy man right off the bat, before even watching
Been there. Put together a quote and double it. If you do not you will not make any money.
Of course during Covid when people were stuck at home there was an increase in the amount spent on home improvement despite sales of merchandise/goods reporting an over all decline. People were stuck there anyway and boredom motivated
I worked in home remodeling for a good while. For a small business it's hard for the boss to find the next job, do the work, and take care of your employees. Anyway, hooking up with an insurance company that needs jobs done might be something you could look into. Good luck.
I watched a guy get fired because he got caught shipping pot around the country in the mail! No jail time, just had to promise not to do it again. Yeah. Anyway, a few years later, I ran into him with a few hot babes on his YACHT! He had hooked up with real estate companies to do whatever work needed to sell homes. He was making a fortune and it was easy work.
Trick is surply no material at all give customer a detailed list of stuff required,they own material and are a bit commited to get it done, you don't waste time n money ,and know they are serious
@Jeffrey Storer no, successful contractors make alot of money on material if they are strategic
@@trepidmetor513 no but you can waste an awful lot of time and effort running about picking up and paying for items you can't charge for, ,I think you missed my piont
that's why your time has to be figured into your estimate, and if you've done enough jobs, then you know how much BS "running and doing" costs you in time@@jeffreystorer4966
Your point about the economy shrinking 3.5% in 2020 and home renovation growing 3% in the same year IS REALLY disingenuous! That was the covid pandemic. The economy shrunk because the government forced everything to shut down. Home renovation grew because there was nothing else people could do, and the government was handing out free money. This was a once in a lifetime situation, NOT something you can extrapolate into a trend!
Exactly, I caught that too.
I own an excavating company with my husband in downeast Maine. The calls have NOT stopped coming-in since the pandemic began and they're all the same: "We just bought a parcel and need land cleared for a driveway, house and septic system." Truly, 9 out of 10 calls are peeps still pouring out of NY, NJ, PA, CT, MA who are getting out of the burbs and cities, looking towards rural life, starting to align themselves on a 5-year plan to make downeast Maine their home. No slowing-down.
If company with 100+ trucks are failing it should tell you how hard it is to succeed in trucking 😂 I know so many people that are getting out because rates are so low. I don’t recommend anyone going into it
True. I worked in expedited shipping/trucking for 7 years with a huge big name company and wow was it competitive and bad low rates
Very helpful. Great content. GOD bless you all ❤♾💯%
Thank you!
Thats true thats why i read a lot about these things because i used to own a business
Thank You
You're welcome
Best list bus ideas,,❤
trucking is the last thing you want to get into
right . 90% failure rate within first 3 year i believe is the real #...
Agreed! That was my worst investment ever!!
Good info
Watching in india , not in USA
Thanking you
As👍 sailor saw all
Great ideas.
Glad you like them!
Thank you for your advice, achieved financial freedom in 2023, thank God! lost the extra weight it was wearing me down (Eating fast foods because of my stressful Entrepreneur's business) your point been grounded & balanced is the best Resolution for the New Year!. Been in touch with nature; $$$ money is not a problem for 2024 but Love your idea about the balance and assessing once's life....been just Grateful (Gratitude is the best Attitude and if you can't reach it just change your Latitude: Take a vacation or just go into Nature to be reboot yourself and be Humble for your money achievements).
1
Responder
Oh My Goodness ¡!!
Everything on this video is what I'm 'planting' for a near future, 1.5 years..
I had NO idea that agriculture would top this list....Amazing!!!😁!
All greens, milk, cheese, meat, chicken, eggs, pigs, goats, fish, pepper, sauce, cachaça,
fruits, veggies, honey, etc.
Oh, yeah, Oh, yeah..>>
Glad it was helpful and good luck with your future plans!
How do i start a public storage in my town???
This is a very helpful video.
I love your channel, dear friend.
+1 subscriber.
You're welcome, and thank you
You are genius..
I don't think the rental property is a good idea . Tenants are outrageous in 2023 n those rental management companies aren't that reliable . You went off track you went small town business to multi million dollars ( in a 300 ppl census )
You're absolutely right about tenants - finding good ones is key! That said, small towns have residential and commercial landlords like any other community. Everyone needs a place to live or do business but not everyone can afford to buy the real estate. Those who can purchase real estate, and then rent it out, now have a valuable physical asset (usually purchased with less money than its actual value) plus cash flow. No million dollars needed to get started.
Residential rentals have become more risky and less profitable in Democratic run districts because of government regulations and high taxes😊
Wait till next year and buy for pennies on the dollar! Literally everyone sees the economy crashing and we’re about to see the cracks turn into fissures very soon.
Not too mention being a “landlord” is just buying up a vital resource that people need to survive and ransoming it back to the people who actually needed it at a higher cost.
@@logans3365 And you are expecting charity. When you go to work do you work for free. Why should a landlord be expected take on the financial responsibility of providing all of the maintenance for a tenant that puts nothing into providing their own housing. If you buy your own house you have to spend major money to maintain it, why do you think the landlord should not be compensated for this and the financial responsibility he or she is taking. The landlord is not you mommy and daddy and does not owe you anything. The market should be what determines what rents should be. Just like if you buy a car.
How right for no.7, home repairs. My daughter and husband in the business in less than 2 years can't keep up with the demand. With a dozen workers they pratically have to work everyday for the whole year!
Good sign they could probably stand to raise prices a little to lessen the demand but still make the same income
You forgot Palm Reader. I've been in my town for 25 yrs and the only small business that is always open in the Palm Reader lady.
This is a good video at 12:12 but I have to say, I will forever be indebted to you Gardner 😇you’ve changed my whole life I’ll continue to preach about your name for the world to hear you’ve saved me from a huge financial debt with just little investment in money market, thanks so much Ms Rose.
Hi there, I had little knowledge on predicting the stock market, but with Ms. Gardner weekly analysis and advise profits are guaranteed! I received three times my initial deposit in a week!!
very interesting stuff, 13:03 i felt a pause, Ms. Gardner gave me a wide option investing strategies, she introduced me to USD margin lending in which I was able to earn interest with no anticipated downside risk. She made my February a remarkable month!
I’m trying to create long term wealth to set towards property one day . How can i reach out to her? she could be of great help
I’ll try reach out to her after my work hours, with all the positive words I hear, this should be worth a try
Great video!
Glad you enjoyed it
The Electricity Bill will be astronomical in a laundromat! I go to one, and the worst problem is they close at 9 pm and open at 7 am. The local economy is very low, but many who work at the local casino work odd hours, and the electric company offers huge discounts for those who use less electricity during day and peak hours. I’m one of those who enjoys doing laundry, in the middle of the night! I think there should be 24 hr availability! There are No restrooms or vending machines, and the old save up your pocket change is not an option any more. The pay is a computerized system with its own ATM -like machines that spit out cards to pay for your choice of machines via size. Lately there is No hot water...cold water only x 4 months . You cannot purchase Any laundry products at all...no vending machines! No pay for folding or pay for complete service. The largest machines are huge and cost 8.50 per load. They only have a 13 gal trash can that’s never emptied during business hours. I could sure increase their reputation 100% and the downfall is the e Electric situation!
If make a Small Square Locker Box(recycled tincans) or Wood(then metal holes for padlock)? A nice size, i feel it is a 100% Sales?
The Space to Make them? I imagining abt Ruling Strength - then natural life? Laundromats like that is running is odd right(danger of dirty of other family)? "Maybe dirty but earning $". There is really no verifying way of safety or knowing Reader? Then the one that Understands is?
The storage room only costs $100/month to rent in usa?
150 - 300 dollars per month.
What are the best business to ride out.a great depression. Like the crash of '29
Interesting question. Maybe we'll do a future video on it!
Mary Kay Ash (of Mary Kay cosmetics) said in her autobiography, that booze and makeup survived the great depression... because both make you feel better for short change. She said that even though a lady could not afford a new dress, she could buy a lipstick and that made her feel better for short change. I'll add to that list resale shops. I owned five resale clothing shops from 2009-2022, opened right after the last crash (not realizing, at the time, the correlation). I scaled my shops on Cape Cod to five locations from 2009-2012, I was slammed the day I opened... proving the Mary Kay theory. If you can't drop $100 on new Banana Republic cashmere, Adidas leggings or Ralph Lauren button-downs, you'll pick it up "new with tags" in a nice little resale shop like mine. On average 30% of all of my inventory still had tags on it, because people do that all the time. I hand-picked and bought it outright from the public by appointment "cash for clothes", the only store on Cape Cod that used that business model, and from 2008-2010 market stats say the numbers of resale shoppers grew by 40% from those who never stepped foot in a resale shop to those who recently visited one. My shops were colorful, cool and funky... not grandma's thrift shop or Goodwill. It was a cool experience, boutique feel, and had an awesome playslist at all times :D@@launchyoursmallbusiness
Trucking is one of the biggest and most failed industries. Overhead cost is just simply insane. Fuel ,insurance , licensing. Not to mention the three or four different types of while I guess you could call him permits that are required which are all several hundred dollars a piece. And that doesn't even touch on the cost of repairs & equipment
How i can meet business people from western cape SA?
Laundromat is hard to believe... But maybe there's something to it
Dope dealers,bars.
Pass on the first, but bars is good option
Sober homes is the greatest path to becoming wealthy and it’s a good cause.
Since it the beginning of a new season, It will be more helpful you educate and share knowledge on how to break the yoke of not getting funding to start any business or fund this ideas. 80% of most startups this period failed due to lack of funding or capital, they don't have the opportunity to explore or bring this ideas to reality. How do you make your ideas valuable enough to get an investor or probably get some grant funds. These are real and genuine money. Any eligible person can benefit from this program, but you guys are not sharing the right informations with your audience.
This video is about "what", not "how". As a small business advisor, I can tell you that funding and grants are almost impossible to qualify for, without your business having some kind of history and numbers that can be used as future projections. That leaves you with what's called "bootstrapping", which is you fund it yourself. Borrow money from family or friends or use your saving/come up with the money some how. One other way is to BUY AN EXISTING BUSINESS that is for sale and operating (not one that is closed-down). The SBA will give you a 90% loan if you have fair credit and THE BUSINESS FOR SALE has tax returns and profit/loss statements for the current year. Starting and growing a business from ground zero is incredibly difficult for most main street mom n' pop shops... BUT buying an existing business that has a track record of 3+ years and already has shoppers/clients/customers, the SBA 7A Loan is VERY viable and accessible, because the Small Business Administration wants to keep that small business alive, especially if it is doing well. They DON'T want to give you money if the business is at zero. Go find yourself a business to buy and save tour 10% down payment and find a bank that specializes in SBA 7a loans!
Need more content
Simple. Bars always work in a small town of even 300 lol.
If this video had a #8, Bars and Taverns would have been in the running!
Just don't run tab's
@@josephsonnier3594 Facts
Beer Belly Bob's Bar and Grill and Towing joins the small town chat
@@jamesrecknor6752 😂
Lets hear it
Cremation business. That’s the best for small town
what is considered a success rate?
Enjoyable video
Thanks!
I like the laundromat idea. But since my small town hasn't had a laundromat in 20 years, where have these people been doing their laundry? Will they suddenly change the way they do laundry?
Your town likely had one that went under when people got their own machines.
It's when machines start breaking down. If you can't fix it yourself it costs a fortune for some to come and fix it!!
bail bonds, weird cash for gold/pawn shop, "grocery" convenience store lmao
Everyone race out and get on this I think it happened In 80s and 90s lol
What about a barbershop? And a church?
I'll tell you, barber shops and salons... I owned resale shops at the time the pandemic hit us. And the nail salon next door never missed a beat. I'm not a nail and hair girl myself, but it always made me shake my head that no matter how down n' out these girls were, they NEVER MISSED THEIR NAIL APPOINTMENT. Depression proof.
can we communicate?🙏🙏🙏🙏
To say the truth, I don't get the idea of bringing a laundromat to a small town that lived life without it. Like everyone has already got their own washing machine and got used to it, who would need to visit a laundromat at all?
Renters.
You had me until you said agriculture. Aside from vertical gardens and selling his art a farmers market, agriculture is and has been big business for a very long time. Where land is at a premium and equipment becomes multi million dollar assets, agriculture is not something a small town person can simply start a a side hustle or budding business. That takes tremendous time, energy, and capital. Laundry and storage are pretty legit though
Very true, land and equipment can be very expensive. We'd never call operating a full farm a side hustle, but it is a small town business that rarely fails! That said, look for the gaps in local agricultural support services and you'll find opportunities! Your idea about vertical gardens is also interesting.
@@launchyoursmallbusiness yes, you're right about operating a full farm. Yes, some get rich from doing it like my late grandfather did (he was a Texas cotton farmer), but majority of farmers are barely scraping by; especially today.
Case in point, a John Deere tractor that's new can easily cost well over $100,000. Plus, NOT every year will you be making great $ making a bumper crop.
Being a cotton gin owner/operator, can sometimes put you into the upper class as in multi-millionaire status, at least, in Texas it has in the past (back in the 80's). Of course as with anything NOT everyone who becomes a cotton farmer, or cotton gin owner will become multi-millionaires, but it's always possible.
Great tips for those with an entrepreneurial spirit!
This isn't true anymore 1st World Refugee. The modern obsession with healthy organic foods means that smallscale gardeners and farmers can make good profit. There are several people on my street who farm off less than 1 acre and FULLY support themselves.
@@lucarich8711 I suppose I'm thinking more in terms of big cities and California (which is probably a completely different conversation altogether). I'm sure it could be done right, and with little space, getting creative with hydroponics , vertical gardens, and even microgreens is certainly possible. On the other hand, considering private farmers, I always had stories of people losing their farms due to lower profits, increasing regulations, and the fact that stuff is getting more expensive. But on a micro level, if planned right, I'm sure that it can be profitable and a good opportunity to grow.
@@launchyoursmallbusiness in
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We want to start business at a poor stage
No on trucking
I don't care about making lots of money, I just want to help grow my community, whats the best business for that?
How about the six worst businesses that fail 90 percent!!!! Restaurant, restaurant, restaurant,..rest...I think you get the message
Another interesting video idea!
lol trucking and farming is some of the worst business to be in . trucking is like a 90% failure rate for within 3 years of starting ...
Truckin definitely is the worst!
None of these will work in a small town. If you want to live in a small town and work in a city outside of the town. Then yes your chances are better.
7.home repair and renovation handyman.
-in the state of California you can’t do a job that pays more than $600 and that’s including labor and materials. If it is above this, you are required to have a contractors license. If you get caught without one, it is a fine of up to $25k and a lot of other things to go with it.
6.Public storage is very very costly to build. If you have the money then yes this is a very lucrative business.
5. Laundry mat in a small town will not survive. Again you can live in a small town and have a laundry mat in a big city. But also very costly startup and repairs are expensive.
4. Vending machines are probably the worst one on this list. Unless you can afford to have 50 or more machines. You will not be very profitable. The cost of fuel to drive around and fill machines will diminish your profits in the current state of fuel pricing.
3.Residential and commercial rentals, probably the most unrealistic for the everyday average person. Unless you plan on taking out large loans and being in debt.
2. Trucking is possibly one of the best options on here but again not for someone wanting work in a small town. You will be delivering to city’s. But yes this is probably one of the best options.
1. Agriculture this is the most laughable one on the list and to put it at number one is comical. I was in farming for 21 years and this is not a get rich or even steady income. Unless you have hundreds to thousands of acres. You will 110% not be doing very well. This takes the most time, money, and effort out of all of them. Forget your 9-5 job. You will be working around the clock trying to make ends meet.
My comments are not meant to be a Debbie downer but these are not realistic. As I am someone who lives in a small town and have done a couple of these. These will not survive in a small town.
Just want to be realistic with people and this list is not realistic.
Instead try things like.
1.appliance repair
2.house cleaning
3.landscape maintenance
4.custom house decor/art (woodworking/metal)
5.coffee shop (can start one with a personal loan) typical cost around $50-$75k to start in a small town+rent on a building.
6.window washing businesses
Renovation ok but prizing the quality is way harder. A craftman dont allways know how competetive they are. Electricians i am renewing as diapers as noone is providing good enough quality. Some woodworkers only think 2by4 boxes as other are able To optimize the materials for the purposes, sheetmetals Iron barbs etc.
Finding good contractors is always hard. Which makes quality work a great business opportunity!
I'd love to receive a financial loan today from your company to help get my personal business started
1:00 competent does not equal watching YT videos.
Check out this video for more great small town small business ideas: 7 Small Businesses That Every Town Needs th-cam.com/video/ctO5ttCcaAo/w-d-xo.html
Two businesses that feed families even during a recession or depression....a bar and barber/hairdresser!!!
Yeah and trucking business and Econ is shitty
Not sure "Long Haul Trucking" counts as a small town business.😂😂
Commercial
what is the name of your yutube please
our and others was broken into they didn't call me my expensive coat was stolen brother said the thieves probably wanted to stay warm