Great ideas. When I was young (40+ years ago) I started my own business and had all the confidence in the world. Now happily retired I still keep my eyes open for business ideas. What I have noted is that I am far more cautious in my evaluations as I know how hard it is to make things happen. That said, I would encourage any young person with ambitions to own their own business to work in that industry for a while to see just what it involves. Then they would have a much clearer idea of how to run their own. Take the leap. You can always bounce if you crash but a leap not taken can keep you on a boring path.
Our friends had a Chinese restaurant in a very upscale community. People were driving from miles around to go to this restaurant, and they did a lot of take out/delivery. Then a national restaurant chain bought out the strip mall where their restaurant was located and they turned it into the godsend they needed. They rented a storefront in an industrial area, and made lunches. They got several contracts for business meetings/lunches from large businesses. (They got these contracts because they were feeding these executives They hired some Chinese grannies to make organic spring rolls and samosas that they sold all over the province. They worked 8-4, had weekends off, and were able to live a normal life again.
I did childcare here in the US during the 70's and 80's it was very profitable. The idea I came up with along the way is "Parent's Nite Out" pick a regular evening during the month or perhaps provide this service on the weekends. The kids are dropped off about 5-6pm provide a party atmosphere, games, movies etc. and the tykes eventually go to sleep once they conk out. Feed the kids breakfast and parents come and pick up their kids in the morning about 9am. I did this mainly on New Year's Eve and was very successful with it. Just throwing an idea out there. I'm retired now.
It depends on your governing authorities that license home daycare facilities. I was told when I inquired about it ( years ago) that a license was not necessary because the activity is periodic and you are not babysitting the same kids on a regular basis but perhaps laws have changed since then so it is best to make a phone call to inquire if licensing is required. However, to protect yourself I would have the parents/guardians sign a release of liability for the evening and I would have a video camera rolling to record the activities in the room. I would have the parent's bring the kid's sleeping bags and I would provide floor mats.
Our childcare (in Australia) did this on NYE and once in July. If your kids were already enrolled you could sign them up for it, additional cost to normal fees. My 2 LOVED it and we were happy to spend the money since it meant we all had a really special night.
Not so sure about commercial property rentals... Increasing amounts of empty space - many reasons, but the signs are not good for most commercial properties. Too risky when one considers future trends in employment and lifestyles.
How serendipitous. I’ve built my Amazon business (on your naughty list) up to $5m in sales, and am now starting a professional services business (on your nice list) serving other eCom sellers. I suppose I’m graduating!
I don't think he's saying putting a business on Amazon is bad. The important thing is it's not large enough ($200m+) that Amazon decide to take your business by selling their own-brand version of your product.
@@Patangy correct, he sells on Amazon himself. The dicey model he’s discouraging is one that depends 100% on a single online marketplace like Amazon for sales traffic
Absolutely like how he transformed the 'boring-est' business ideas into the most fascinatingly enthusiastic ideas that I'd never think of... A different way of thinking of such businesses:
Very good. I retired from the Fire Service and fell into window cleaning well the old window cleaner did. Couldn't get anyone so I had the ladders and decided to buy a £80 starter kit. Within a week I had made my money back and picked up a customer a day and it grew and grew. Really strange because I have a trade in joinery but made more money cleaning windows. Then expanded into cleaning business and as they say the rest is history.
Your videos has been great !! I am part of your viewers and i’ve been watching your videos lately. I’m interested in investing but I still can’t figure out the right investment to engage in . I’ll appreciate any help out here
Yes, it's true, there's been a lot of talk about investing lately, but I'm new and also curious how I can get started. Can anyone explain how to invest and how to get started ?
In my opinion, investing is not about getting rich but about gaining financial independence. You need a financial advisor to help you become a professional investor. I became successful by following the instructions of my financial advisor (Nicole Brusher) who resides in USA. So far, I’ve no regrets.
Amazing, such an amazing information you got. Can you share more details on how to get in touch with your Financial Adviser? Like I said , I’m very interested and will start if I can get help out here.
It's great to come across this information. There are many ways to get rich, but without the knowledge and guidance of a financial advisor, you make bad financial decisions. I work with Nicole Brusher and now I say to anyone who wants to listen; "If you don't invest, you will regret it later in life."
Just because a business model is good doesn’t make it easy! Childcare for example high liability, I’ve heard stories of one kid biting another kid literally all day (lawsuit) peanut allergy death (lawsuit) babysitter abusing kids (lawsuit) especially here in the U.S. a very litigious society. Great video! Either way.
Best job, self employed IT consultant. I have been doing it for eight years. I have no costs for office, no overhead costs like sales, HR and other shit, still set of money for pension, all insurance. I need to work 10 days a month to pay my salary, the rest is profit, slowly building capital. Invested so I can retire at say 58 :D I can employ other consultants if I want but it is not my dream. I just want to work in the industrie I like, take a lot of time off 9- to 0 weeks off. :) Classic quote: ""Life Moves Pretty Fast. If You Don’t Stop And Look Around Once In A While, You Could Miss It."
The businesses with the highest success rates are: Dentist clinic, any type of medical clinic and law firms. They all have more than 95% success rate. But you need the right education to start it... This keeps the supply artifically low. There is a good reason parents want their kids to become doctors, lawyers or dentists.
theres no money in child care. my mom did it for 18 years just so she could be home while we grew up. too much compitition and more regulations now days. no barrier to entry. only get $2 an hour per kid and have to have an employee for every 5 or 6 kids now. cant even pay min wage.
in London UK it's average £1,800 a month to put your kid in full-time (5 days/week) nursery. That's about £8/hour if a kid is there all 55 hours in the week. Plus you've got government paying a good chunk of that, which I imagine makes it reliable.£18/hour for ad-hoc booking in nursery, £20 for in-home babysitting.
James, i'm a 28 year old with 14 years of experience in the recycling industry, yes I started young. Have built an asset net worth of 7 figures, now founding a startup to build the foundations for what I believe will be a billion £ waste disposal company within 20 years. It blows my mind how little interest this sector gets, everyone seems happy to look down their nose at anyone dealing with "rubbish" without understanding that quite literally everything has value. Do you have any advice with regards to finding investors who specialise in this sector? I'm putting a pitch together with my cofounder.
Logistics is usually the biggest issue with the "everything has value" statement. Getting stuff from A to B, and then from B to C, etc can get expensive. Hence a lot of rubbish stays keeps it's status as rubbish. The upside for you: A recycling business can always draw from a whole basket full of buzzwords many investors love to hear. Every business that can be sold as green/ eco-friendly / etc has a good chance to get investements regular old companies can only dream about.
#8. Start a church. Services can include Revelation for Rent, redemption packages sales, soul storage places on lease. Become a spiritual barrister, represent your clients in the Heavenly Courts.
1mil with 20% profit childcare facility is possible, but it takes YEARS and luck to do it. I've been working in this industry for 11+ years and only saw one facility like that. Therefore I assume it means a chain of facilities (not one). Then, it makes more sense. But in this case... Is there any developed economy where this market is not (over-)saturated?
That is why I work with John Desmond Heppolette, who introduced me to a better Financial community, a verified agency where I learned how money works and how to create it, as well as free books, courses, and daily lectures. You also get to meet new people, which was the best decision I ever made.
You are correct! Working with a financial advisor who has worked in a solid financial firm for a long time, such as John Desmond Heppolette, will actually set you up for success in life. I'm delighted I was able to reach out to "John Desmond Heppolette " earlier this year because while others were grumbling about the downturn in the markets due to the state of the economy, I was busy learning from him and eventually made over seven figures in the first quarter alone, which is why it's always good to join the correct community.
Yeah real, that guy is one asset manager that gives the breakdown of everything on how things are done, joining an effective financial community can be 100% beneficial when joined properly that's all I can say out of experience
I think you're local blind. Most of the businesses you mentioned are those that die quickly during a recession. I am old enough to have seen two recessions in the UK and know that commercial property rentals and contract catering companies died/were acquired during those recessions. I don't think nurseries are a good investment currently because many schools are now providing nurseries and will continue to do so. I believe the government will reward those that do. Add to that a reduction in the birth rate tells me that there will be fewer nurseries in the next decade. If I owned a nursery now, I would be selling in the next few years and instead invest in care homes.
Great comment I can see schools in the future being from age 1 to 18 Government has to get the birthrate up and free childcare would be a massive incentive
@@BobSmith-en9wf Absolutely. There are many 2-11 already and many big academies now providing 2-18 education. Economies of scale - not really the right term in terms of schools but you know what I mean. The bigger the school the lower their costs and hence provision actually becomes better. And parents like those schools which is why it's the model a lot of independent schools prefer.
How about a "special bin" and have a weekly collection for nappies and stoma bags. Saves them being dumped in the main bin with other household waste which causes a bit of a stink. The sh*t can be harvested and turned into manure and methane gas. The stoma bags and nappies once sterilised can be recycled. Millions of repeat customers.
Have a look in the area you are interested in and look for the saturated market. Does it need another fast food outlet, probably not, so avoid. A laundrette , maybe. Just for thought.
I opened a non profit and farm business and building a butchery signed the contract 2 weeks ago to build it and it's been going for 2 yrs in other states
Obvious but valuable advice, look at the MODEL: regulated, cash up front, easy exit, low ish capital intensity, other people’s money, scalable I ran a successful small business but my model failed on a number of criteria. I note that these businesses are relatively AI proof at least in the short term.
Childcare and Commercial Property will depend highly on the country you operate in. Childcare in Asia is dropping fast because people are not having babies. Schools are closing down or merging with other schools due to lack of children. On the otherhand, childcare is australia is absolutely thriving due to massive government incentives and so they charge an arm and a leg. However commercial properties are becoming worthless here due to massive amounts of empty office spaces due to wfh, to a point that even pension funds have completely dropped commercial properties from their portfolio. Market and location will dictate what is going to work or not
Thank you for sharing. Financial education is vital these days and buy and hold strategies may not be effective. Fergus Waylen's course taught me a lot about trading and improved my finances. Using trade signals can produce competitive returns and stability. The timing of entries and entries helps the investor stay calm. I've made more money and seen positive results since I started!
We can all learn a thing or two from Fergus Waylen himself; his profit techniques are phenomenal. Thanks to him, I'm making more money and getting richer.
What impresses me most about waylen is that he does a great job of explaining the basic concepts of winning before he actually lets you use his trading signals. This goes a long way to ensuring winning trades!
52:10 Strong BUY. Still early innings. NVIDIA is the dominant leader in AI and the preferred technology partner globally. Even w new competition on the horizon, NVIDIA is far ahead of the competition. 85% market share. 76% margin. Unrivaled demand for new Blackwell chip. Demand far exceeds production for Blackwell through to 2025 and beyond. No competitor has anything close to Blackwell. And forward P/E is about 33 (cheap for a high growth stock). Buy this stock and wait. You will be rewarded
Could you explain to us the business model of Red Bull? I love mountain biking and hit the trails regularly but that drink is awful! Water is enough. Eat a protein bar or a trail mix. Yet they are a sponsoring giant in extreme sports, as well as football. How do they do it?
Yeah! We have the entrepreneurs university which is a platform full of training videos which go into more detail that here on UA-cam. There’s a link in the description for a free trial 👍🏻
Parking lot in a government town/city. You are working 9 hours a day parking cars and then have a meter in the evenings for the rest of your business. Sub-contract towing companies for illegally parked cars or have bi-law officers ticket those that don’t pay. Paved surface, automated parking meter, yellow lines, good lighting, security cameras and a small both is all you need. Low taxes since there isn’t any permanent buildings on it.
IN MY JOURNEY AS A JOURNALIST FROM ENGLAND, FATE LED ME TO CROSS PATHS WITH MRS. KAREN CHARLES, AN EXCEPTIONAL EXPERT WHOSE LEGITIMACY AND MAGICAL METHODS HAVE LEFT ME DEEPLY TOUCHED. HER NEW STRATEGY HAS BROUGHT ME CONSISTENT EARNINGS EVERY SINGLE WEEK, ILLUMINATING MY PATH WITH HOPE AND PROSPERITY.
Newbies often make the mistake of not seeking professional guidance and help, like Exp Mrs Karen Charles, who is dedicated to providing knowledge and strategies in the cryptocurrency market.
In the midst of credit and sorrow, Mrs. Karen emerged like a guiding light, bringing me immense relief and financial joy. Today, after God, I stand thankful for her support as I receive a profit of $30,000. Her impact on my life is truly touching and transformational.
Hm. The market for commercial leasing and real estate is in a bubble. People are starting to work from home more and leases have way outpaced business willing to pay. Especially in the US and more so in urban centers.
Unless you’re in an area of predominantly young people. It happened to a funeral home near where I live. They left and now it’s been converted to a physicians offices.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks.
@@OnkelFrauenknecht Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. *MARGARET MOLLI ALVEY*..
I've worked as a software engineer in the digital marketing world for a long time now and I just realize...I can start my own business. I'm good at what I do, so why not try? Super low overhead and low capital requirements.
Try and become a independent consultant first. When it works then you can scale it by hiring other people and turning it into a IT consultanting company.
"Barrier to entry" keeps coming up but if I don't have capital to invest and I'm risk averse to OPM, does that mean that I'm left with the low barrier to entry businesses?
The problem with Childcare here in Australia is the huge cost of entry and difficulty in finding and retaining staff. If you can find the capital and cashflow it’s great but also long term is the market going to be disrupted from the ability to wfh?
Beer wine and liquor store might have possibility. Although big grocery chains and a few beverage chains are out there, a friend of mine told me people always drink when times are good or drink when times are bad. He retired opened a liquor store and has never looked back. Of course the UK has pubs, USA doesn't.
If by "pubs" you mean bars, the USA definitely has them. There are 5 within a 2-5 minute walk from my home. There are also 5 liquor stores within a 10 minute walk. All the bars and liquor stores are very successful.
@@MK-hh1vo true, as I said alcohol ranks up there IN a successful category. However, American bars aren't anywhere close to the ambience of a local pub, you have to experience it to understand.
Hi James Just started following you as you got good content. I want to ask you if you can talk about dropshipping or something to start some kind of business with low investment..
it's very interesting how different business work better in different countries. I dont know why, but in the US these "borin business" proponents are push laundramats, parcel shops, DIY car washes. In the UK with the cost of land and business rates, these businesses might make the owner a living in they work inside it. Certainly wouldn't make them hands off passive income.
In the UK laundramats or launderettes as we call them only really work in student areas. Most rental properties here normally come with white goods (fridge, washing machine etc). The new modern student housing market which is booming now include white goods and most of these older student areas were sown up years ago by launderette owners. Haven't seen a new one open up in decades. In the UK again a lot of car washes are ran by foreign criminal gangs using modern slaves/illegal immigrants. They are tolerated and the British on the whole look the other way as they want their cars washed cheap. They even undercut the automated/self serve car washes. It's not something a respectable business owner would want to get involved with. There's a dark underbelly to a lot of UK businesses (car washes, nail bars, barbers, amercian style candy shops) that I suspect wouldn't be tolerated in the US unless you want the FBI smashing your door down. We don't really have an FBI here and our police don't see this type of crime as a priority. So it's the wild west. Probably why James likes heavily regulated businesses like childcare where you couldn't get away things you can in other sectors. Parcel shops, this need is taken care of either by our post offices by in large or the large 3rd party parcel groups where you can drop your parcels off at supermarkets or get them collected. So basically none of the businesses you mention really work here unless you have a time machine, want to exploit illegal immigrants/modern slaves or have tens/hundreds of millions and willing to start you're own parcel delivery network. The UK isn't as open to business as the US is sadly.
@@gibbson130 I was acttually thinking landramats in cities with HMOs would be good business. I know the pain a lot of tenants have with washing a drying clothes in a shared house. there's no space to dry clothes out, because every square inche of the property is sweatted by the landlord. A laundrette in those high HMO areas might be a good business. The space required is just too high though. There are loads of disused railway arches next to prime rental locations, those might be the place to set up
Did I hear on a different video what the minimum number is for childcare? Was it 80 kids? Similar to the hotel, it was mentioned at least 30 bedrooms makes the hotel take advantage of the EoS; what's the magic number for childcare? Thanks
Your videos are fascinating. Very easy to watch and understand. I’m not even in a position to start my own business yet but I’ve found myself watching one of these a day 😂 keep it up!
I own this, and this and this business I have, and a seminar and a UA-cam channel along with teddy bears business 😂. Omg chill. How much does one need? Maybe he is just ocd In any case: I liked it. Cool tips, good analysis.
Hi James, I like the returns on commercial property and its passiveness. In regard to the asset value increasing over time. This will generally match inflation ? Increase rent with inflation, and that derives the capital value.
Another great video James! I’m in Niche Wholesale and would love for you to talk about cashflow in a business like this. I know there is a lot I have to learn 🙏😊
Good morning Do you think the fire safety and security industry is a profitable sector, if so what’s the best approach to find an investor to help grow the business to the next level. Thank you
I always suspected childcare being profitable, allways oversubscribed. Parents paid full monthly fees when the nurseries were shut for covid in some parts of london so the places wouldnt be lost and 1.7k a month every child to fork out thats why so many women sat at home as the cost are prohibitive. The fact that its so profitable is actually makes me sad. So many moms loosing their years of carreer life and or loosing critical competitive skills as they cant afford to pay those greedy bisnesses
Good video! I think I’d argue that all of those businesses would be key man driven. Especially the nursery’s and once they fall foul of ofsted it’s a slippery slope
![Businesses that Always Fail? 7 Businesses with Shockingly High Failure Rates [Backed by Data]](/img/n.gif)
Number 8. Conferences telling people how to start and run a business. Never any shortage of consumers.
😂 Aye, fair.
😅😅😅😅
@maxwellboyne2770 simple, ask yourself a question if you were a businessman would you train or help your competition.
Problem is, to have credibility you to have success already..
That should be #1 😂😂
1. Child Care
2. Food Services
3. Contract Catering
4. Commercial Property Rentals
5. Wholesale
6. Commercial Hygiene + Waste Services
7. Professional Services
Cheers mate 🤠
Thanks dude
Thanks
DJ. Apart from transport cost and initial outlay pretty much 100% profit.
thank you !!!!!
Great ideas. When I was young (40+ years ago) I started my own business and had all the confidence in the world. Now happily retired I still keep my eyes open for business ideas. What I have noted is that I am far more cautious in my evaluations as I know how hard it is to make things happen. That said, I would encourage any young person with ambitions to own their own business to work in that industry for a while to see just what it involves. Then they would have a much clearer idea of how to run their own.
Take the leap. You can always bounce if you crash but a leap not taken can keep you on a boring path.
💯
What business did you go into?
@star123_12 drug running… he retired a cartel kingpin
I have been in business for about 8 years. it's so nice to see someone worth listening to. With no BS. Thank you
Our friends had a Chinese restaurant in a very upscale community. People were driving from miles around to go to this restaurant, and they did a lot of take out/delivery. Then a national restaurant chain bought out the strip mall where their restaurant was located and they turned it into the godsend they needed. They rented a storefront in an industrial area, and made lunches. They got several contracts for business meetings/lunches from large businesses. (They got these contracts because they were feeding these executives They hired some Chinese grannies to make organic spring rolls and samosas that they sold all over the province. They worked 8-4, had weekends off, and were able to live a normal life again.
GLORIOUS ADVICE!!
just as in the old saw, "If you want to make a little money in business, first start with a lot of money."
I did childcare here in the US during the 70's and 80's it was very profitable. The idea I came up with along the way is "Parent's Nite Out" pick a regular evening during the month or perhaps provide this service on the weekends. The kids are dropped off about 5-6pm provide a party atmosphere, games, movies etc. and the tykes eventually go to sleep once they conk out. Feed the kids breakfast and parents come and pick up their kids in the morning about 9am. I did this mainly on New Year's Eve and was very successful with it. Just throwing an idea out there. I'm retired now.
Thanks I like that very much..
You don't have to get a license for that?
It depends on your governing authorities that license home daycare facilities. I was told when I inquired about it ( years ago) that a license was not necessary because the activity is periodic and you are not babysitting the same kids on a regular basis but perhaps laws have changed since then so it is best to make a phone call to inquire if licensing is required. However, to protect yourself I would have the parents/guardians sign a release of liability for the evening and I would have a video camera rolling to record the activities in the room. I would have the parent's bring the kid's sleeping bags and I would provide floor mats.
Our childcare (in Australia) did this on NYE and once in July. If your kids were already enrolled you could sign them up for it, additional cost to normal fees. My 2 LOVED it and we were happy to spend the money since it meant we all had a really special night.
When our child was a toddler, we took her to "parents night out" at a place that had a daycare during weekdays and taught classes in the evenings
1. Child Care daycare
2. Food services: supply restaurants
3. Contract catering
4. Commercial property rentals
No. 4, right up until everyone works from home :)
Commercial properties are falling off a cliff.
2. Pretty ironic, considering that restaurants are terrible businesses. (:
@@andrewallen9993Office buildings aren’t the only commercial property. I’m sure storage facilities are doing well
@@BELIKEJUATER commercial is office, warehouse, manufacturing and retail so that's 3 out of 4 :)
Not so sure about commercial property rentals... Increasing amounts of empty space - many reasons, but the signs are not good for most commercial properties. Too risky when one considers future trends in employment and lifestyles.
How serendipitous. I’ve built my Amazon business (on your naughty list) up to $5m in sales, and am now starting a professional services business (on your nice list) serving other eCom sellers. I suppose I’m graduating!
I don't think he's saying putting a business on Amazon is bad. The important thing is it's not large enough ($200m+) that Amazon decide to take your business by selling their own-brand version of your product.
@@Patangy correct, he sells on Amazon himself. The dicey model he’s discouraging is one that depends 100% on a single online marketplace like Amazon for sales traffic
@@matthewchandler2647yep don't put the whole eggs in one basket 👌🏼
Can I ask what professional service business you offer now?
Absolutely like how he transformed the 'boring-est' business ideas into the most fascinatingly enthusiastic ideas that I'd never think of... A different way of thinking of such businesses:
I used to watch James years ago. I’m so glad he popped back up today. Great guy.
Very good. I retired from the Fire Service and fell into window cleaning well the old window cleaner did. Couldn't get anyone so I had the ladders and decided to buy a £80 starter kit. Within a week I had made my money back and picked up a customer a day and it grew and grew. Really strange because I have a trade in joinery but made more money cleaning windows. Then expanded into cleaning business and as they say the rest is history.
A daycare centre run by investors - what could be better for the children?
The people who own the daycare don't have to be the ones running it daily.
Your videos has been great !! I am part of your viewers and i’ve been watching your videos lately. I’m interested in investing but I still can’t figure out the right investment to engage in . I’ll appreciate any help out here
Yes, it's true, there's been a lot of talk about investing lately, but I'm new and also curious how I can get started. Can anyone explain how to invest and how to get started ?
In my opinion, investing is not about getting rich but about gaining financial independence. You need a financial advisor to help you become a professional investor. I became successful by following the instructions of my financial advisor (Nicole Brusher) who resides in USA. So far, I’ve no regrets.
Amazing, such an amazing information you got. Can you share more details on how to get in touch with your Financial Adviser? Like I said , I’m very interested and will start if I can get help out here.
She's on inst 'gram
It's great to come across this information. There are many ways to get rich, but without the knowledge and guidance of a financial advisor, you make bad financial decisions. I work with Nicole Brusher and now I say to anyone who wants to listen; "If you don't invest, you will regret it later in life."
Just watched the always fail vid. Here for the good stuff now. Thanks!
Just because a business model is good doesn’t make it easy! Childcare for example high liability, I’ve heard stories of one kid biting another kid literally all day (lawsuit) peanut allergy death (lawsuit) babysitter abusing kids (lawsuit) especially here in the U.S. a very litigious society. Great video! Either way.
I have a friend who has never paid herself in 20 years. Impossible business model, childcare, unless perhaps on a very small scale in home service.
@@tellmesomethinggood. yeah, that’s not a business nor a job that’s a torturous hobby.
child care also has a lot of government regulation and oversight that can make a lot of red tape
@@tellmesomethinggood. "I have a friend that did not have the skill to make it work" =/= impossible business model
And childminders going to prison for manslaughter for shaking a kid to death.
Best job, self employed IT consultant. I have been doing it for eight years. I have no costs for office, no overhead costs like sales, HR and other shit, still set of money for pension, all insurance. I need to work 10 days a month to pay my salary, the rest is profit, slowly building capital. Invested so I can retire at say 58 :D
I can employ other consultants if I want but it is not my dream. I just want to work in the industrie I like, take a lot of time off 9- to 0 weeks off. :)
Classic quote: ""Life Moves Pretty Fast. If You Don’t Stop And Look Around Once In A While, You Could Miss It."
Yeah IT contracting is dead thesedays
I’m currently doing a software engineering degree could I go into that with that degree?
My friend makes alot of money doing this
Hi, if you could shed some light on how to start off in IT consulting it would be of great help.
downside to hygiene and waste services is that when you tell people you work/ own a business like that they think you're in the mafia.
That could be a good thing. If they think that you’re with the mafia no one messes with you.😆
without the makings of a varsity athlete...
"My line of work? I operate a local cement business" Run, don't walk. 😂
The businesses with the highest success rates are: Dentist clinic, any type of medical clinic and law firms. They all have more than 95% success rate. But you need the right education to start it... This keeps the supply artifically low. There is a good reason parents want their kids to become doctors, lawyers or dentists.
theres no money in child care. my mom did it for 18 years just so she could be home while we grew up. too much compitition and more regulations now days. no barrier to entry. only get $2 an hour per kid and have to have an employee for every 5 or 6 kids now. cant even pay min wage.
in London UK it's average £1,800 a month to put your kid in full-time (5 days/week) nursery. That's about £8/hour if a kid is there all 55 hours in the week. Plus you've got government paying a good chunk of that, which I imagine makes it reliable.£18/hour for ad-hoc booking in nursery, £20 for in-home babysitting.
My recommendations:
1) Manufacturing wigs for snakes.
2) Insect funerals
3) Grandfather taxidermy.
4) Sewage farm theme parks
5) Mobile nostril washing services
6) Boiled egg throwing tuition
Bald snakes have low self esteem, great market.
Lots of insects dying all the time.
How can one determine the viability and potential profitability of any of these business ideas before they start?
By researching case studies of business already in business then conducting your own marketing plan.
1) Greggs
The man is standing bang in front of the answer at the start. Steak slices are oozing cash!
James, i'm a 28 year old with 14 years of experience in the recycling industry, yes I started young. Have built an asset net worth of 7 figures, now founding a startup to build the foundations for what I believe will be a billion £ waste disposal company within 20 years. It blows my mind how little interest this sector gets, everyone seems happy to look down their nose at anyone dealing with "rubbish" without understanding that quite literally everything has value. Do you have any advice with regards to finding investors who specialise in this sector? I'm putting a pitch together with my cofounder.
tell me more, do you have a youtube about this industry?
Logistics is usually the biggest issue with the "everything has value" statement.
Getting stuff from A to B, and then from B to C, etc can get expensive. Hence a lot of rubbish stays keeps it's status as rubbish.
The upside for you:
A recycling business can always draw from a whole basket full of buzzwords many investors love to hear. Every business that can be sold as green/ eco-friendly / etc has a good chance to get investements regular old companies can only dream about.
SCAM!!
Any thoughts on starting over? You're back to zero but with the knowledge you've gained over the years. Where / how would you start to rebuild again?
I'm right there with you, brother (or sister!). I hope he responds.
My single piece of advice,don’t take rest,if you take it too Long to star again,you will lose courage,energy and power to do.
#8. Start a church. Services can include Revelation for Rent, redemption packages sales, soul storage places on lease. Become a spiritual barrister, represent your clients in the Heavenly Courts.
Religion is the biggest con since the big bang.
😂😂😂
Business that never fail. Wow, not misleading at all.
1mil with 20% profit childcare facility is possible, but it takes YEARS and luck to do it. I've been working in this industry for 11+ years and only saw one facility like that.
Therefore I assume it means a chain of facilities (not one). Then, it makes more sense.
But in this case... Is there any developed economy where this market is not (over-)saturated?
Italy, but the reason is it’s very regulated
You are like Alex Hormozi. Incredible value. Thank you
Very kind of you to say; he’s a good guy!
Not as hairy
At the very least, I now grasp the concept of leverage.
Creating
That is why I work with John Desmond Heppolette, who introduced me to a better Financial community, a verified agency where I learned how money works and how to create it, as well as free books, courses, and daily lectures. You also get to meet new people, which was the best decision I ever made.
You are correct! Working with a financial advisor who has worked in a solid financial firm for a long time, such as John Desmond Heppolette, will actually set you up for success in life. I'm delighted I was able to reach out to "John Desmond Heppolette " earlier this year because while others were grumbling about the downturn in the markets due to the state of the economy, I was busy learning from him and eventually made over seven figures in the first quarter alone, which is why it's always good to join the correct community.
Yeah real, that guy is one asset manager that gives the breakdown of everything on how things are done, joining an effective financial community can be 100% beneficial when joined properly that's all I can say out of experience
1)Child Care.
2)Food Services.
3)Contract Catering.
4)Commercial Property Rentals.
5)Niche Wholesale.
6)Commercial Hygiene + Waste Services.
7)Professional Services.
I think you're local blind. Most of the businesses you mentioned are those that die quickly during a recession. I am old enough to have seen two recessions in the UK and know that commercial property rentals and contract catering companies died/were acquired during those recessions. I don't think nurseries are a good investment currently because many schools are now providing nurseries and will continue to do so. I believe the government will reward those that do. Add to that a reduction in the birth rate tells me that there will be fewer nurseries in the next decade. If I owned a nursery now, I would be selling in the next few years and instead invest in care homes.
Great comment
I can see schools in the future being from age 1 to 18
Government has to get the birthrate up and free childcare would be a massive incentive
@@BobSmith-en9wf Absolutely. There are many 2-11 already and many big academies now providing 2-18 education. Economies of scale - not really the right term in terms of schools but you know what I mean. The bigger the school the lower their costs and hence provision actually becomes better. And parents like those schools which is why it's the model a lot of independent schools prefer.
Can you provide some better examples please? Thank you.
@@BobSmith-en9wf Many schools here in Spain are ages 0 - 18!!
5. Niche wholesale
6. Hygiene / waste services
How about a "special bin" and have a weekly collection for nappies and stoma bags. Saves them being dumped in the main bin with other household waste which causes a bit of a stink. The sh*t can be harvested and turned into manure and methane gas. The stoma bags and nappies once sterilised can be recycled. Millions of repeat customers.
@@stevenhull5025 Doesn't your waste get picked up every week anyway?
Have a look in the area you are interested in and look for the saturated market. Does it need another fast food outlet, probably not, so avoid. A laundrette , maybe. Just for thought.
excellent advice, I own a few businesses and I agree with everything you're saying
I opened a non profit and farm business and building a butchery signed the contract 2 weeks ago to build it and it's been going for 2 yrs in other states
This point with predictable cashflow, I really liked it!❤
Obvious but valuable advice, look at the MODEL: regulated, cash up front, easy exit, low ish capital intensity, other people’s money, scalable I ran a successful small business but my model failed on a number of criteria. I note that these businesses are relatively AI proof at least in the short term.
Childcare and Commercial Property will depend highly on the country you operate in.
Childcare in Asia is dropping fast because people are not having babies. Schools are closing down or merging with other schools due to lack of children.
On the otherhand, childcare is australia is absolutely thriving due to massive government incentives and so they charge an arm and a leg.
However commercial properties are becoming worthless here due to massive amounts of empty office spaces due to wfh, to a point that even pension funds have completely dropped commercial properties from their portfolio.
Market and location will dictate what is going to work or not
In Alan Sugars book, says he put all Amstrads profits into commercial property, now worth over £1BN
Love this James....hope to catch you one day on my many visits to Rossi
Thank you for sharing. Financial education is vital these days and buy and hold strategies may not be effective. Fergus Waylen's course taught me a lot about trading and improved my finances. Using trade signals can produce competitive returns and stability. The timing of entries and entries helps the investor stay calm. I've made more money and seen positive results since I started!
We can all learn a thing or two from Fergus Waylen himself; his profit techniques are phenomenal. Thanks to him, I'm making more money and getting richer.
Even though the stock market looks bearish and market sentiment is low. But he keeps us grounded through his real analysis, the facts in the charts.
What impresses me most about waylen is that he does a great job of explaining the basic concepts of winning before he actually lets you use his trading signals. This goes a long way to ensuring winning trades!
Search his name
Fergus waylen
Brother. This is amazing content !!! Thank you
Thanks so much for watching!
I live near a tourist town. There are entire blocks of vacancies in the business district.
Thanks for a great video and explanation i m really learning a lot from you
Glad to hear it!
This is excellent, knowledgeable advice. Not for beginners because you need to be a few rungs up the ladder before it's relevant, but very accurate.
52:10 Strong BUY. Still early innings. NVIDIA is the dominant leader in AI and the preferred technology partner globally. Even w new competition on the horizon, NVIDIA is far ahead of the competition. 85% market share. 76% margin. Unrivaled demand for new Blackwell chip. Demand far exceeds production for Blackwell through to 2025 and beyond. No competitor has anything close to Blackwell. And forward P/E is about 33 (cheap for a high growth stock). Buy this stock and wait. You will be rewarded
Could you explain to us the business model of Red Bull? I love mountain biking and hit the trails regularly but that drink is awful! Water is enough. Eat a protein bar or a trail mix.
Yet they are a sponsoring giant in extreme sports, as well as football. How do they do it?
What are your thoughts on vending machines in niche markets
Really enjoying your videos, James. Thank you. Do you run your courses online? I don't want to come down to Londonistan.
Yeah! We have the entrepreneurs university which is a platform full of training videos which go into more detail that here on UA-cam. There’s a link in the description for a free trial 👍🏻
Parking lot in a government town/city. You are working 9 hours a day parking cars and then have a meter in the evenings for the rest of your business. Sub-contract towing companies for illegally parked cars or have bi-law officers ticket those that don’t pay.
Paved surface, automated parking meter, yellow lines, good lighting, security cameras and a small both is all you need. Low taxes since there isn’t any permanent buildings on it.
You are an impressive entrepreneur. Thank you, from the USA, for your videos. God bless you.
IN MY JOURNEY AS A JOURNALIST FROM ENGLAND, FATE LED ME TO CROSS PATHS WITH MRS. KAREN CHARLES, AN EXCEPTIONAL EXPERT WHOSE LEGITIMACY AND MAGICAL METHODS HAVE LEFT ME DEEPLY TOUCHED. HER NEW STRATEGY HAS BROUGHT ME CONSISTENT EARNINGS EVERY SINGLE WEEK, ILLUMINATING MY PATH WITH HOPE AND PROSPERITY.
Trading with an expert yields significant crypto returns.
Newbies often make the mistake of not seeking professional guidance and help, like Exp Mrs Karen Charles, who is dedicated to providing knowledge and strategies in the cryptocurrency market.
I'm pleased with my investment in Exp Mrs Karen Charles, and I'm still reinvesting while the trading continues
In the midst of credit and sorrow, Mrs. Karen emerged like a guiding light, bringing me immense relief and financial joy. Today, after God, I stand thankful for her support as I receive a profit of $30,000. Her impact on my life is truly touching and transformational.
With Mrs. Karen, my trading experience is secure, yielding over 100% return on investment directly to my wallet.
Hm. The market for commercial leasing and real estate is in a bubble. People are starting to work from home more and leases have way outpaced business willing to pay. Especially in the US and more so in urban centers.
James, you're awesome - thanks for sharing
I don’t like home and number one but I also learned you can’t assume and you definitely can’t weigh in til you’ve heard the words
As a 26 yo starting a CFP practice, I need this education! Your content is incredible!
Thanks so much! Glad you like!
I’m surprised funeral directors is not on the the list, you’ll never run out of customers
True people are dying to be your customer
@@ebutuoy4811 Dark, but funny
Unless you’re in an area of predominantly young people. It happened to a funeral home near where I live. They left and now it’s been converted to a physicians offices.
many players
You can always run out of business... All it takes is some competition.
How do you know if they want to sell? How do you get an accountant to be able to look at their books?
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks.
@@OnkelFrauenknecht Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. *MARGARET MOLLI ALVEY*..
@@ЕленаФирсова-ц6м Oh please I’d love that. Thanks!
*MARGARET MOLLI ALVEY*
Lookup with her name on the webpage
Actually, the most profitable UK giant is at 0:01 - GREGG'S smirking like a silly sausage roll behind us all.
Thank you for your very helpful video. I hope everyone is having a wonderful day. Sheila Mink in New Mexico
1. Child Care daycare
2. Food services (e.g. supplying restaurants)
3. Commercial Contract catering
4. Commercial property rentals
5. Niche wholesale (e.g. fishing, make-a-bear)
6. Commercial Hygiene / waste services
7. Professional services (e.g. solicitors)
one time my pweenis, got caugh in the escalator, and when i got to the top it rolled back under and that was a learning experience.
Very interesting video bud! Something to take on board for sure! Not that spelling of wholesale tho 😄👌
I've worked as a software engineer in the digital marketing world for a long time now and I just realize...I can start my own business. I'm good at what I do, so why not try? Super low overhead and low capital requirements.
Try and become a independent consultant first. When it works then you can scale it by hiring other people and turning it into a IT consultanting company.
"Barrier to entry" keeps coming up but if I don't have capital to invest and I'm risk averse to OPM, does that mean that I'm left with the low barrier to entry businesses?
Yes, unless you have some super niche skill that you can create a cult following around.
Yes. At that point you have to focus on speed, leverage and volume
God bless you sir, very helpful video!
As a complete noob, is there an effective resource/website for finding businesses for sale?
Perhaps consider franchising.
there is (sorry I forgotten the name,if I remember will write it here)
@@zizi8675 That would be fantastic, thank you.
I would like to buy some businiess in near future😊
The problem with Childcare here in Australia is the huge cost of entry and difficulty in finding and retaining staff. If you can find the capital and cashflow it’s great but also long term is the market going to be disrupted from the ability to wfh?
thank you for this ideas!
Beer wine and liquor store might have possibility. Although big grocery chains and a few beverage chains are out there, a friend of mine told me people always drink when times are good or drink when times are bad. He retired opened a liquor store and has never looked back. Of course the UK has pubs, USA doesn't.
If by "pubs" you mean bars, the USA definitely has them. There are 5 within a 2-5 minute walk from my home. There are also 5 liquor stores within a 10 minute walk. All the bars and liquor stores are very successful.
@@MK-hh1vo true, as I said alcohol ranks up there IN a successful category. However, American bars aren't anywhere close to the ambience of a local pub, you have to experience it to understand.
Thank you so much ❤
How about medical oxygen company? They would be required on a day to day basis, right
Fantastic guidance
Well explained James!
Hi James
Just started following you as you got good content.
I want to ask you if you can talk about dropshipping or something to start some kind of business with low investment..
Would you consider live music a good professional service to get into?
it's very interesting how different business work better in different countries.
I dont know why, but in the US these "borin business" proponents are push laundramats, parcel shops, DIY car washes. In the UK with the cost of land and business rates, these businesses might make the owner a living in they work inside it. Certainly wouldn't make them hands off passive income.
In the UK laundramats or launderettes as we call them only really work in student areas. Most rental properties here normally come with white goods (fridge, washing machine etc). The new modern student housing market which is booming now include white goods and most of these older student areas were sown up years ago by launderette owners. Haven't seen a new one open up in decades.
In the UK again a lot of car washes are ran by foreign criminal gangs using modern slaves/illegal immigrants. They are tolerated and the British on the whole look the other way as they want their cars washed cheap. They even undercut the automated/self serve car washes. It's not something a respectable business owner would want to get involved with.
There's a dark underbelly to a lot of UK businesses (car washes, nail bars, barbers, amercian style candy shops) that I suspect wouldn't be tolerated in the US unless you want the FBI smashing your door down. We don't really have an FBI here and our police don't see this type of crime as a priority. So it's the wild west. Probably why James likes heavily regulated businesses like childcare where you couldn't get away things you can in other sectors.
Parcel shops, this need is taken care of either by our post offices by in large or the large 3rd party parcel groups where you can drop your parcels off at supermarkets or get them collected.
So basically none of the businesses you mention really work here unless you have a time machine, want to exploit illegal immigrants/modern slaves or have tens/hundreds of millions and willing to start you're own parcel delivery network. The UK isn't as open to business as the US is sadly.
The proper money in laundering is in the money laundering
@@gibbson130 I was acttually thinking landramats in cities with HMOs would be good business. I know the pain a lot of tenants have with washing a drying clothes in a shared house. there's no space to dry clothes out, because every square inche of the property is sweatted by the landlord. A laundrette in those high HMO areas might be a good business. The space required is just too high though. There are loads of disused railway arches next to prime rental locations, those might be the place to set up
Another great video. Your insights really help me to keep moving forward thought the build up phase.
Good to see you have waste management listed: great advice -- T. Soprano
What about financing for getting started? How did you start out? Any tips for someone wanting to start out and finding financing?
Here you go…. Watch this.
If I started a Business from scratch, this is what do
ua-cam.com/video/6xhoNyvF7-8/v-deo.html
@@JamesSinclairEntrepreneur thank you! Will give it a look. Really inspirational stuff!
Did I hear on a different video what the minimum number is for childcare? Was it 80 kids?
Similar to the hotel, it was mentioned at least 30 bedrooms makes the hotel take advantage of the EoS; what's the magic number for childcare?
Thanks
Really interesting views, i live near Blue Boar and will be in to have a look soon
Im going to have to disagree on the wholesale food niche. Its too much headache for small margins. Contract catering is solid tho.
Your videos are fascinating. Very easy to watch and understand. I’m not even in a position to start my own business yet but I’ve found myself watching one of these a day 😂 keep it up!
Which country are u from
I own this, and this and this business I have, and a seminar and a UA-cam channel along with teddy bears business 😂. Omg chill. How much does one need? Maybe he is just ocd
In any case: I liked it. Cool tips, good analysis.
Hi James! What’s your kids crafts business called?
Hi James,
I like the returns on commercial property and its passiveness.
In regard to the asset value increasing over time. This will generally match inflation ? Increase rent with inflation, and that derives the capital value.
Another great video James! I’m in Niche Wholesale and would love for you to talk about cashflow in a business like this. I know there is a lot I have to learn 🙏😊
What about online businesses which are profitable?
Good morning
Do you think the fire safety and security industry is a profitable sector, if so what’s the best approach to find an investor to help grow the business to the next level.
Thank you
If I have an idea for a business, how can I approach investors or people like yourself, without giving away my idea?
I do t invest in companies other than my own.
On the idea, it’s only an idea; investors like to see action from ideas.
Hi James
Please help. How do I find out who actually owns the day nursery? Most of them around where I live say “charitable organisation” 😏
I always suspected childcare being profitable, allways oversubscribed. Parents paid full monthly fees when the nurseries were shut for covid in some parts of london so the places wouldnt be lost and 1.7k a month every child to fork out thats why so many women sat at home as the cost are prohibitive. The fact that its so profitable is actually makes me sad. So many moms loosing their years of carreer life and or loosing critical competitive skills as they cant afford to pay those greedy bisnesses
The UK nurseries are one of the most expensive in the world 🌎. The reason for that is that the UK doesn't really have a social system.
Best thing about your vid's, you are so open with figures and facts
❤ very informative
Glad it was helpful!
James, can I ask on the childcare piece. A lot of publicity on closures due to underfunding by the government, what’s your take on that?
Thanks
Good video! I think I’d argue that all of those businesses would be key man driven. Especially the nursery’s and once they fall foul of ofsted it’s a slippery slope