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August 27, 2008

7 Time-tested (but surprising) businesses that rake it in

With the help of Sageworks, a Raleigh, N.C.-based private-company data provider, Forbes.com has identified 10 time-tested, comfortably profitable businesses–on a pretax basis–that aspiring entrepreneurs might hope to launch.

While based on U.S. companies, the data also shed light on global profit trends. Average pre-tax profits ranged from 8% to 13%.

Read the article here…

Seven are mentioned specifically:
Sound Recording Studios
Event Planning
Mining Services
Poultry Farming
Chemical Manufacturing
Infrastructure Support (railroad maintenance)
Grant-making and Giving services

What do you see as the common factors in this list?

Many are services. Narrow but deep niches. In some cases, high cost of entry. What else?

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Linda Keith, CPA


Linda Keith CPA is an expert in credit risk readiness and credit analysis. She trains banks and credit unions throughout the United States, both in-house and in open-enrollment sessions, on Tax Return and Financial Statement Analysis.
She is in the trenches with lenders, analysts and underwriters helping them say "yes" to good loans.
Creator of the Tax Return Analysis Virtual Classroom at www.LendersOnlineTraining.com, she speaks at banking associations on risk management, lending and director finance topics.

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