Ready to quit your day job and start your own business? Do you dream of creating your own hours and hiring your own employees?
At LaunchHouse, we get a lot of budding businesses and startups. Want to join them? Here are some of the most profitable businesses that you can start.
1. Food Trucks
It might surprise you to learn that the food truck business is still on the rise. But it makes a lot of sense: finding good brick-and-mortar restaurant locations can be difficult and expensive. Food trucks let you bring your truck to where the business is.
And it’s trendy. A lot of people want to eat at food trucks because it’s a fun, unique thing to do. But do be aware that starting a food truck in a trendy city with a saturated market will be more difficult.
If you want to start catering, consider getting into the wedding food truck business. Or you can expand your food truck business to enter this market, too. The are tons of possibilities!
2. Mobile App Development
Do you have a great idea for an app? Or are you more into the coding side of things? Either way, app development is a great business to start.
Whatever side of the coin you’re on, you can bet others are looking to start a collaboration. But remember that there are millions of apps out there, so you’re going to need to make sure yours stands out.
3. Vacation Rentals
Vacation rentals are en route to overtake the hotel industry. So why not get in on the action of one of the most profitable businesses?
There are so many ways you can go about creating a vacation rentals business. You can choose to rent out a spare room or vacation home you already own. You can offer to manage the properties of others.
If you’re ambitious, you can buy more property to rent out. If you’re doing it right, you’ll be able to use your profits to pay off that property in no time!
4. Personal Training
Do you love working out? Have a desire to help others? Consider creating your own personal training business.
This can be especially profitable around the new year: exercising more is the most popular New Year’s resolution. As your own business, you can also choose to bring your workouts to your client. Consider offering individual sessions at the client’s home or a local park.
5. Business-to-Business Services
Business-to-business (B2B) services have some of the highest profit margins out there. If you’re a math expert, consider starting an accounting or bookkeeping business. If you’re a marketing guru, consider graphic design, copywriting, or social media management.
The number of ways you can use to get involved in B2B services is virtually infinite. And the low overhead involved makes it a great industry that’s easy to get started in with your own business.
Now You Know the Most Profitable Businesses of the Year!
Ready to get started on one of these industries and create one of the most profitable businesses in 2019? Then you’ll need a base of operations.
Consider getting space at LaunchHouse. Here, businesses and people come together to work and learn from one another. Contact us today to find out more about what LaunchHouse can do for your budding business!