Some business I can think of that if you get the opportunity you will often succeed 99+% are convenience stores. Good franchises. Real estate. If you open up a high demand service or local business in a brand new neighbourhood(85% to 90+%). Local businesses that are in high demand and low supply 85% to 90+% success rate.
Opportunities around 50% (that you can bootstrap) are businesses that aren't super high level competition and have more demand than supply(ideally you have a knack or are higher level than the direct competition). anything far below these odds I believe these local businesses aren't favourable, or they are high risk, high reward businesses local/online business.
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What is your opinion what local (or online) businesses are very high chance of success(90 to 99%) with low steady results? What local (or online) businesses are very good at 50% of success AND are bootstrappable with high returns? What businesses are 10 to 30% with very high returns?
Are there businesses that are like the diamonds in the rough. 30% odds of success but with hundreds of thousand of potential profit? I am thinking kickstarter allows that sort of thing where you can put up a product and get $50k to $300k+ in crowdsourcing.
Are there any diamond in the rough business opportunity that you seen? Right now the one I seen which is very high is dumpster rentals which are $300 per dumpster per day and people use them when they move, or renovate. This is $10k to start, a 70% chance of success(probably higher), and very high return.
Opportunities around 50% (that you can bootstrap) are businesses that aren't super high level competition and have more demand than supply(ideally you have a knack or are higher level than the direct competition). anything far below these odds I believe these local businesses aren't favourable, or they are high risk, high reward businesses local/online business.
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What is your opinion what local (or online) businesses are very high chance of success(90 to 99%) with low steady results? What local (or online) businesses are very good at 50% of success AND are bootstrappable with high returns? What businesses are 10 to 30% with very high returns?
Are there businesses that are like the diamonds in the rough. 30% odds of success but with hundreds of thousand of potential profit? I am thinking kickstarter allows that sort of thing where you can put up a product and get $50k to $300k+ in crowdsourcing.
Are there any diamond in the rough business opportunity that you seen? Right now the one I seen which is very high is dumpster rentals which are $300 per dumpster per day and people use them when they move, or renovate. This is $10k to start, a 70% chance of success(probably higher), and very high return.
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