Most profitable businesses: In today’s economy, starting your own business might not be the easiest of tasks.
Apart from determination, willpower, and a sound business plan, a successful venture also depends on the particular industry or sector in which it operates. We would like to present you with a list of the 7 most profitable businesses you could start, based on the net profit margin of their respective industries. More simply put, the net profit margin is the most reliable indicator you could use in trying to determine whether you will actually make money from your venture or not.
The figures used in the making of this countdown were taken from the statistics released by Sageworks, a financial information corporation. Looking to set up your own business, but don’t know where to start?
This is the countdown for you, and it’s similar to our recap of the best business schools money can buy.
Let’s take a look at the most profitable businesses you could start: