Nick Perry breaks down six businesses with surprisingly low failure rates: rental properties (85.3% success), self-storage (92%), laundromats, senior care centers, vending machines, and transportation. Most rely on hard assets or recession-proof demand, and some qualify for grants and tax breaks.
85.3%
92%
90% (Andrew Carnegie quote)
If you want to make real money with a business start with these because they have the lowest failure rate. Number one 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. Number two laundromats. They're recession proof and they don't take much to understand. Number three, self storage. According to a few studies these businesses have a 92% success rate. Number four, transportation businesses. Think about it. What you think is responsible for your Amazon deliveries and Waymo rides. Number five, vending machine rooms. They don't need a lot of cash to start with but you can't scale them that easily. And lastly senior care centers but not for the reasons you think. See the government and independent groups give grants, allowances and tax breaks for people to run these care centers. That's why they're really expensive to get into and not that expensive to start.
