Codie Sanchez breaks down six business models with unusually high success rates: rental properties at 85.3%, laundromats at 95%, self-storage at 92%, transportation logistics at 90%, vending machines starting at $3-5k, and senior-care centers at 97%. She argues these are recession-proof and proven paths to wealth.
Chapters
6 businesses that rarely fail so you can steal their homework. Rental properties. Andrew Carnegie said 90% of all millionaires got there through real estate. Real estate has an 85.3% success rate because it's a simple business with hard assets. Laundromats, 95% success rate over a 5-year period. They're recession-proof and they don't take much to understand. Self-storage, one of the leading asset classes since 2008. And according to a few studies, these businesses have a 92% success rate. Transportation businesses. Think about it, everything to get your Amazon packages into your little mitts and everything in between means that these businesses are booming, which is probably why they have a 90% success rate. Vending machine routes. Simple business. Not a lot of cash to start with. Let's call it $3,000 to $5,000. Hard part is you can't scale them that easily. Love this one. Senior care centers. But let me tell you why these have a 97% success rate. Because often both the city, the government, and independent groups give grants and allowances and tax breaks for people to run senior care centers. That's why they're really expensive to get into and not that expensive to start.
