If you are really void of ideas concerning your next or first business venture, this list of 16 most common small businesses in the US will give you a few ideas with big potential. Starting off a business is never an easy task. in fact, it can be quite daunting because if you want to make it successful there is so much to plan out and consider. However, if you get it right in the first try, this is one of the quickest and most widespread ways to earn big and make a name for yourself. For more helpful ideas be sure also to check our list of The 12 Most Profitable Small Businesses.
There are so many things you can do. People need so many products and services, some of which are very specialized. Unfortunately, you probably are not the first person to start a business of whatever sort you plan on, so there is fierce competition. Another very frustrating side of having a business to run is the dynamic world in which it develops. Every day you have to fight and win numerous battles, from the tiniest to the biggest and most exhausting. You would be surprised with the number of people who think they can just accommodate whatever unused space they have and slap a big sign on it to operate a successful establishment. Unless your targeted demographic is abundant enough and the service/ product you provide is exceptionally rare, you might find yourself sinking neck deep in debt before you can even cover the costs of your big, flashy advertisements.
Some people have what it takes, though. They inspire numerous others every day to go ahead and try their hand at operating a business and making a profit through it. Many do fail and even some of the most successful people in the world today have at least one failure behind their back, somewhere at the start of their career. It’s important to fight on for what you think is worth it and never give up on your goals. If you struggle to set yourself a set of such, take a look at this list of 16 most common small businesses in the US.
16. Construction and Engineering
A lot of small companies specialize in construction and engineering of various structures, from a pet house to the house you live in. The whole world is running on loans and deep in debts but everything keeps expanding daily for some paradoxical reason. If you have experience in the field, construction and engineering might be for you.
15. Care for the Elderly
Life is getting longer and easier to maintain. People grow old to the point where they can’t live independently so they require constant supervision and care. Even if they can, many people of considerable age struggle with certain tasks, in which your business could assist them.
14. Retirement Recreation
We all look towards it – the day when we will no longer have to wake up and go to a tedious, strenuous work with little gratification. Lots of people retire daily and parts of their savings are ready to flow into an exciting vacation which you could organize and provide.
13. Wholesale and Distribution
New and smaller retail businesses still need to get their products from somewhere. With the ever so strong economical uprising of China and their low prices, lots of people choose to buy in bulk and distribute with a slight overhead so why shouldn’t you?
12. Farm and Food Production
If you’re the type to get your hands dirty with soil or the type to hire people to do it instead of you, farming and food production might be just what you need. Even more, natural farming and food production is what every self-conscious city dweller needs in today’s synthetic world.
11. Bars and Nightclubs
Partying will never go out of fashion and neither would going out for a drink after work. Bars and nightclubs are an excellent idea for starting a business of your own.
10. IT Consulting
Lots of people and other small businesses need IT services. However, many of them have no idea what exactly they need or what it’s all about. IT consulting is a very sound idea for a start up.
9. Manufacturing
Read this item more like “customized manufacturing”. There are already a lot of well established and popular products. However, mass production really hinders their ability to satisfy certain demographics. Why not step up?
8. Medical Care
Medical care is always a good idea for a small business unless your region is crowded with such already. If you, yourself are a practitioner, things get a lot easier. This type of most common small business is also one of the most profitable.
7. Retail Stores
Even with the popularity of online shopping, retail stores are still not completely out of fashion. Much like books, people would certainly prefer to touch and feel the real thing instead of staring at it on a web page.
6. Online Stores
On the other side, online shopping is more convenient than ever. It can be practically free to start because you don’t need property or licensing and there are various platforms like eBay and Amazon to help you.
5. Restaurant, Café, and Bakery
A very popular and widespread sort of businesses, these three are quite similar in the type of service they provide so they go together. However, be warned that while very easy to popularize, cafes, restaurants and bakeries have very high failure rates.
4. Web Design & Site Building
If you have the skills, you can pretty much run your own agency from your bedside cabinet. Every respectable business today need to be represented online and demands for site design and building grows every day.
3. Car Repair
A whole lot of people drive cars. A whole lot of them break. The catch here is that while there are big, brand repair shops, they often charge way too much for all sorts of repairs. Starting your own shop might not be so bad after all.
2. Computer Repair
Computers break a lot, especially when people have no idea how to use them properly. Interestingly enough, a lot of people still struggle to not make their computer need new parts too often.
1. Bookkeeping
Possibly the most popular small business out there, bookkeeping includes services such as tax preparation, accounting, and payroll. With a high demand and relatively little starting cost, this small business tops our list of the 16 most common small businesses in the US.
