Codie SanchezFounder @ Contrarian Thinking

6 Businesses That Rarely Fail

1 Aug 2024 · 1 min

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Codie Sanchez presents six business types she claims "rarely fail": rental properties (85.3% success rate), laundromats (95% success rate over five years), self-storage (92% success rate), transportation businesses (90% success rate), vending machine rooms (startup cost ~ $3,000–$5,000), and senior care centers (97% success rate). Each item includes a brief rationale (e.g., hard assets, recession-proof, grants/tax breaks).

Questions this video answers

85.3%.

95% over a five year period.

92%.

90%.

Approximately $3,000 to $5,000.

Chapters

Six 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 five 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 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 rooms. Simple business. Not a lot of cash to start with. Let's call it 3 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.