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Thousands of entrepreneurs have implemented these business ideas to make money, so you can be sure that you’re putting your time and effort into something viable and proven. As an entrepreneur or someone seeking a new independent career path, you may want to focus on one of these ideas. While we are here, lists of most profitable businesses with low overhead and most profitable small businesses to start in 2017 also make a good read. Thus, it is considered a money-making activity. Your startup’s success depends on your own skills and business plan. From healthcare to manufacturing, check out this year’s list of the most profitable industries for small businesses. Although the industry already has a lot of big sharks like McDonalds, KFC, etc. 500 crore. If you need to finance $125,000 to open your daycare center, you must put down $25,000 to obtain the loan. People always look out to try new eating joints. The most profitable small businesses made over $1 million last year, while the least profitable 16% made less than $10,000. With the right idea and determination, anyone can make their dreams of having their own small business … Accounting, Bookkeeping, Payroll and Tax Preparation services. Should you possess some special skills, you can definitely start your own small business with low investment. The Most Profitable Small Businesses. These are profitable cleaning businesses to start. We hope that this Top 10 List of most profitable small business will inspire our audience who wants to start small business. Great! In the list of most profitable small businesses, accounting has the first place! With an average net profit margin of 18.4%, these services are among the most profitable business ventures. The accounting industry is one of the most profitable small businesses and still ranked on the top of the list with 18.4% net profit margin. The work is repetitive. If you’re in need of health insurance, see what others who are self-employed are using and how you can do the same to get health insurance here. The most profitable small businesses to start are those that require minimal startup capital—usually, these are online businesses that offer a service or a drop-shipped product. A company’s market capitalisation is the market value of its outstanding shares. However, most budding entrepreneurs see their dreams nipped in the bud due to paucity of funds for investment or profitable business ideas. I want you guys to also beware of TAXES! With 19 % net profit margin, accounting is the most profitable profession of all times. In addition to profitability potential, many of the businesses listed below are experiencing strong demand due to the continuing trend by corporations to outsource business … People have no time these days to cook but food is extremely essential. Image: pixabay.com Source: Depositphotos. 2. When looking for that perfect business idea, these categories would enable you come up with one in the shortest possible time. View All Result . Legal Services. It deals with real life things. Home Ideas. And if you can charge enough so that you can delegate, you can grow this into a large business. Most successful small business ideas come from individuals who work for someone else but they believe they can do better. Getting started – Most profitable small businesses. Small farms (earning less than $50,000 annually or occupying less than 180 acres) are now considered potentially lucrative as both rural and urban business opportunities. They also search for the nearest food joint for home delivery. Here's a list of small business types that are seeing strong demand during the coronavirus pandemic. Being talented with numbers can really pay off if you’re looking to start a profitable business. Food is an essential need and its demand can never come down. The first two items within our list of the least profitable small businesses are part of the manufacturing industry. Below we present the 20 most profitable businesses that provide an opportunity for big profits in this beautiful state. Virtual or personal assistant. Are you a Namibian entrepreneur who wants to start a business venture? 20) Small businesses with two founders raise 30% more money on average. 5,000 crore but more than Rs. 1. Unfortunately, considering the overhead costs and moving parts associated with manufacturing, this is not going to be a very profitable industry for most entrepreneurs. It is challenging to settle down on the most profitable business opportunity when there are thousands of suitable alternatives. Welcome to our list of the best small business opportunities for 2020, chosen from across a variety of industries. Entrepreneurs should consider ideas like bee farms, rooftop gardens, and microgreens when choosing among profitable … 1. What it is: Encompassing all legal practitioners (lawyers or attorneys), legal services refers to businesses that are mainly engaged in the practice of law (including corporate law, criminal law, estate law, patent law, real estate law, and tax law). 18. Top 5 Most Profitable Small Businesses: Lucrative Business Ideas with Low Investment 1. The 10 most profitable small businesses: 1. Net Profit Margin: 16.8%. Regardless of the state of the economy, people still need bookkeepers and accountants. List of Most Profitable Small Businesses | Creative New Startups The criterion for classifying small cap companies can vary among brokerages, but it is generally a company with a market capitalisation less than Rs. Is accounting the most boring profession to go into? As such, the list of small businesses in South Africa provided below should help you make an informed decision in your entrepreneurial prospects. 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