Lucrative business ideas For 2017

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Here’s the list of the 10 most Lucrative   types of small businesses and their net profit margins.

1.Management of Companies and Enterprises: 15.5%

This industry is made up of small, privately-owned offices of bank holding companies and other types of holding companies.

Some well-known examples of holding companies (that do not fall into the small-business category) are Warren Buffett’s Berkshire Hathaway and Carl Icahn’s ICahn Enterprises.

2. Offices of Real Estate Agents and Brokers: 15.19%

While the real-estate market is largely dependent on the health of the economy, real-estate brokers and agents have low operating costs and all you need to get started is an agent or brokerage license.

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3. Automotive Equipment Rental and Leasing: 14.55%

With the on-demand economy on the rise, Sageworks analyst Libby Bierman says that people may be leasing and renting more cars using on-demand services such as Zipcar — along with more traditional rental services such as Hertz.

4. Legal Services: 14.48%

Anyone who has ever hired a lawyer knows it’s not cheap. Law, like accounting, generally has low operating costs as well as repeat clients. However, this business category includes not only lawyers, but notaries, settlement officers (who deal in the transaction of securities) and title search agents in real estate.

5. Offices of Dentists: 14.41%

Dentists, like physicians, benefit from recurring patients, and while startup costs can be expensive — dental equipment is quite costly — the profession has the advantage of handling several patients at a time, plus many pay out of pocket.

6. Electric Power Generation, Transmission and Distribution: 14.02%

This category of small, privately-held electric power companies includes not just your traditional, fossil fuel electric powers but also hydroelectric, nuclear, solar, wind, geothermal and more.

7. Lessors of Real Estate: 14.01%

Lessors, also known as landlords, show that renting both residential and nonresidential properties is a profitable gig once you recover the initial costs of purchase.

8. Offices of Other Health Practitioners: 13.30%

How is this category different from physicians? It’s not, really. There is a census delineation between chiropractors, optometrists, mental-health practitioners and podiatrists — who fall under this category of “other health practitioners” — and all other types of physicians.

9. Offices of Physicians: 13.01%

Being a doctor requires years of training, certification and likely, medical school debt. However, doctors also benefit from regular clients and relatively low overhead costs.

10. Religious Organizations: 12.41%

Religious organizations are having a profitable year. Really. Remember, being not-for-profit doesn’t mean your goal shouldn’t be to make a profit. It’s just how you distribute those gains. Instead of giving profits to shareholders, all of yours go to your organization’s mission, which is the furthering of your church’s aims. It has been a good year not only for churches, synagogues, monasteries, mosques and temples, but also for schools, colleges and universities that are operated by religious organizations.

 

 

-See more: https://www.entrepreneur.com/slideshow/269905

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