G
Guest-5ty5s4
Guest
Inspired by this thread started by @MTF : What Is the Online Equivalent of a "Boring But Stable" Offline Business?
In the thread, online businesses are being explored and compared to "boring but stable" offline businesses. The thought is a good one, but perhaps we could go back even further to the root...
-----
As far as "boring but stable" offline businesses go, I can think of nothing better than self storage.
The average new business fails in the first 5 years at a very high rate. However, self storage has one of the lowest rates of failure of all businesses, at 1-10%.
Of course, this is a real estate investment that requires money to buy or build, not a product or service started from scratch.
------
We also have this thread: GOLD! - 100 Unsexy Business Ideas: Name as many as you can!
So what would you consider "boring but stable" or even just "stable" (but not boring)?
- Blue collar trades
- Manufacturing
- Transport, trucking, hauling, shipping, freight
- Professional trades (white collar work - law office, doctor's office, dentist, real estate brokerage, CPA/accounting business)
- Products, especially with a strong need, rather than want.
Of course, making any these into a CENTS business is the real challenge - and it's all about innovation and execution!
What would you add?
In the thread, online businesses are being explored and compared to "boring but stable" offline businesses. The thought is a good one, but perhaps we could go back even further to the root...
-----
As far as "boring but stable" offline businesses go, I can think of nothing better than self storage.
The average new business fails in the first 5 years at a very high rate. However, self storage has one of the lowest rates of failure of all businesses, at 1-10%.
Of course, this is a real estate investment that requires money to buy or build, not a product or service started from scratch.
------
We also have this thread: GOLD! - 100 Unsexy Business Ideas: Name as many as you can!
So what would you consider "boring but stable" or even just "stable" (but not boring)?
- Blue collar trades
- Manufacturing
- Transport, trucking, hauling, shipping, freight
- Professional trades (white collar work - law office, doctor's office, dentist, real estate brokerage, CPA/accounting business)
- Products, especially with a strong need, rather than want.
Of course, making any these into a CENTS business is the real challenge - and it's all about innovation and execution!
What would you add?
Dislike ads? Remove them and support the forum:
Subscribe to Fastlane Insiders.