Top Listed NO FAIL Business StartUp Ideas

73

By privateye2500

Business Top 10 Start Ups

Do you agree with the Top 10?

  • Yes, they sound about right to me
  • I think I have better Ideas! (if you do, PLEASE list them in the Comment Section!)
  • Not really sure what to think of them
  • NO - definitely Not right
See results without voting

The HOW and WHAT of Business Start ups in 2008

This is a very important topic and a question that is asked every second of every day.

The plain truth is however; there is no such animal as the "can't fail"Any business is only as good as the people who run it business. and by that I mean everyone - from managment right down the ladder to the person who cleans the toilets (if you have toilets).

The skill set of the management team needs to be weighed carefully. Consider; do you have a true expert management team in your chosen field or at least ONE (perhaps yourself) with access to other experts and are willing to take advantage of them? If not, you need to rethink everything.

Regardless of the type of business start up and the capital cost start up requirements there are several other fundamental steps necessary in the start up process which will determine the level of success or failure of any business.

Doing a market research based feasibility study and having a matching business plan are a *must do* start. {GOSP}=Get Out Some Paper--NOW! Use your hand and a pen.

Without these two things in the beginning of ANY project, you are literally running around in the dark ramming into things until you fall down.

Properly managing a start-up entity over the initial first 2 1/2 years is critical! Solid decision making is indespensible especially in the financial planning area. These start up concepts are crucial in the process of success. One must also be willing to work long long hard hours, weekends, holidays--work, work, work is BASIC during this period of time. If you are not willing (or the person you hire is not willing) to do this and do it *happily* - just stop now.

There are many factors to consider. No one can predict the future economic conditions here in the West (or anywhere for that matter) with any degree of certainty in these times we live. The business model that is able to respond seemlessly to economic & environmental changes are the ones most likely to sustain themselves in adverse conditions and largely profit from favorable ones.

Whatever it is you chose to do, research, capital, expertise, and management are key in determining whether a business wil be successful or not. There are no guarantees and I imagine you all know that already.While there obviously isn't any guaranteed "can't fail" businesses; there are some which are virtually assured of being successful if properly managed.

Think of businesses where the demand will never go away. People have to eat. People have to have a place to live. People need clothing to wear. Babies will always be born. People will always die. Think Mortuaries and Daycare Centers and like related industries.

So long as people die, there will be a steady stream of business for mortuaries. You may not get rich but these types of businesses are assured a steady stream of customers plain and simply true.

I also know from experience that in order for your business to be successful, it has to be something you can remain PASSIONATE about for a very long time. If you lose interest, you lose your drive. You are running the ship - you lose steam and so does your crew.

After doing some long-hour reading, here are some of the ideas/concepts which I found to be recommended by people in strategic planning services, business consultants, business planners and professional business developers. Some of them are a bit off the wall (IMO) but hay! - it's what they are talking about in terms of what is the best types of start ups these days - you also HAVE to keep in mind EVERTHING I said above no matter what you decide to do.

Here are the top 10 Business start-up Concepts I Found:

Coffee Bars

Habitual use products (TV, internet, phones)

Fresh fruits and Vegtables

Brothel (only as good as its employees!) ;}

Anything dealing with *IMAGE* (from weight loss to cosmetic surgery)

Healthcare

Daycare

Business consultant

Virtually anything related to Geriatrics

Real estate development

--Now, I am NOT saying I agree completely with this list. I would add to the list INFORMATION and SECURITY.

I DO however, completely 100% stand by my ADVICE above them!

Best of all to you! - Melanie

Recommended Reading Materials

Start Your Own Business, Fifth Edition: The Only Start-Up Book You'll Ever Need
Amazon Price: $13.68
List Price: $24.95
Start Your Own Business (Entrepreneur Magazine's StartUp)
Amazon Price: $24.95
The Small Business Start-Up Kit: A Step-by-Step Legal Guide
Amazon Price: $17.87
List Price: $29.99
The Women's Small Business Start-Up Kit: A Step-by-Step Legal Guide
Amazon Price: $18.49
List Price: $29.99
Episode 3
Amazon Price: $1.99
Start, Run & Grow your Business PLUS
Amazon Price: $14.99
List Price: $34.95
Blue Q - I'm Savin' Up To Start A Business Tin Bank
Amazon Price: $10.65
List Price: $13.00
Logitech Professional Presenter R800 with Green Laser Pointer
Amazon Price: $59.30
List Price: $79.99

Comments

adrienne2 profile image

adrienne2 Level 5 Commenter 3 years ago

Another great hub! I'll keep reading 'em if you keep writing 'em.

privateye2500 profile image

privateye2500 Hub Author 3 years ago

 

P.S. -->adrienne-you didn't vote on my poll! lol

"A business that is "less likely" to fail is one that is tapped into goods and services that consumers need and use habitually and subconsciously (cell phones, internet, TV, communications, health, etc.). This, combined with high profitability is a recipe for success."

=================

Habits are HUGE and so is IMAGE. Both of these venues are massive potential $$ monsters if done well. Being able to remain passionate about whatever it is you decide to do is also critical to your success. If you cannot be passionate about it and remain that way; then you better be able to find someone to hire that IS!

I also feel that *stating the obvious* (re: people will always die) is just that - STATING the OBVIOUS. We all know that people need to eat food, have shelter and wear some clothing; that babies will always be born and people will always be dieing - everyday. The trick to the above *NEEDS* model is to put a new twist on it that makes it *better* in some way.

Example: Babies will always be born - so you have baby - baby grows, you have job, baby needs place to be - re: DAYCARE. There will ALWAYS be a need for daycare. So...if you love kids, enjoy being around them all day - then get out your pen and some paper and start writing down WHY you can do it *better*, in a more *fun* manner, be more *convenient* in some way for the parents, a way that it is more fun or more educational for the children. That is the manner in which you must think--as there is nothing *new* under the sun...only ways to spin things.

Basic - YOU NEED TO BRAND YOURSELF.

Melanie Investigative Resources LLC

http://www.unlisted-etcetera.com/ 

smallbizpro profile image

smallbizpro 3 years ago

Unfortunately, prostitution is illegal in many countries so brothel is a non-starter.

privateye2500 profile image

privateye2500 Hub Author 3 years ago

Well, that depends doesn't it?

They do, after all, have SO many names to go by.

wink wink - nudge nudge

earnestshub profile image

earnestshub Level 2 Commenter 3 years ago

Good advice, better to get the truth up front like this than to kid ourselves that we have the secret knack and will succeed anyway.

I have been in business all my life and have often been fortunate, but never without organization enthusiasm and a plan.

very good hub.

biznocap 3 years ago

It is good to see some decent sensible advice.

This is so necessary in these times.

I like your practical, no nonsense manner.

Good on you!

To your every success!Gen Business Coach and Chartered Accountantwww.start-up-a-business.comwww.howtorunabusinesstoday.com

privateye2500 profile image

privateye2500 Hub Author 3 years ago

Biznocap - thank you for the kudos!

It is always nice to know that Somebody feels my writing

is of benefit and helpful!

Good luck to you.

Melanie

TonyB 3 years ago

My vote goes to affiliate programs. Zero cost to join.

privateye2500 profile image

privateye2500 Hub Author 2 years ago

whoa - brothel will NEVER be a non-starter; legal or not. Never has been; never will be.

Oldest business in the world and will remain right up there with providing food for the starving and clothing for the naked.... :}

Frank Crandell 2 years ago

Wow, cannot believe that was a suggestion. Daycare is always in demand. I think anything in finance would work too, especially in this economy.

privateye2500 profile image

privateye2500 Hub Author 2 years ago

TonyB - but the thing is they FAIL and this is about no fail businesses! :}

Affiliate programs go tits up daily. I had one go down that owed me over 3000.00$ - and no, that is NOT an extra zero - I was SO MAD!!!!

businesstrader profile image

businesstrader 17 months ago

Affiliates are always a risky business financially or time wise.......Choose carefully. By the way, great hub!

privateye2500 profile image

privateye2500 Hub Author 17 months ago

businesstrader...why do you say that?

I have never found being an affiliate to be risky in any manner.

Unless you are referring to the ones that ask YOU for $$...and I am NOT!

The *good* ones are all free to join and promote - no financial risk is involved at all ll...!? Thus - my question to you.

Melanie

Dink96 profile image

Dink96 17 months ago

Great hub. Yes, there will always be babies being born and people dying, so you have a target market! A very Happy New Year to you!

Kristihinds 15 months ago

i just came by your article and it get my attention. i thought i'ld leave my first comment just to appreciate the hard work you done.

Business Loans

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