Are you looking for the most profitable businesses to start in 2021? Look no further! In this article, we'll provide you with a comprehensive guide to the top 20 most profitable businesses that you can start this year. From financial services to physical therapy, there are plenty of options for entrepreneurs looking to make a profit. Financial services, such as accounting, tax preparation, and investment advice, are always in high demand. According to the World Wealth Report, 35.7% of those surveyed said that financial services were one of the sectors most likely to generate millions.
With the baby boomer population in the US numbering around 75 million, and Generation X expected to outnumber them by 2028, there is a lot of money to be made in providing services for seniors. This could include anything from running errands and doing household chores to providing companionship. If you have experience starting and running a successful business, then you could consider setting up your own business consultancy. You could provide aspiring entrepreneurs with your knowledge and experience to help them get their business off the ground.
Investment firms are also a great way to make money. You can invest in anything from commodities such as oil, gold, and bitcoins to stocks and bonds. Foreign exchange trading is also a lucrative option, although it is risky. With careful planning and tactical decisions, however, you can easily become a millionaire.
If you like cleaning, then you could easily turn it into a business by providing cleaning services for people and earning money. With households and families busier than ever before, they are increasingly looking to outsource their responsibilities in order to save time. You could hire staff to work with you and advertise your services in your local area. To differentiate yourself from other cleaning services, consider adding premium options such as outdoor power washing or floor waxing at an additional cost.
These services could be the deciding factor between your new cleaning service and established companies who have too many customers to offer that level of cleaning. Tutoring is another great way to make money. If parents don't have the time or knowledge to help their children with Spanish or 11th grade math, they will often hire an essay writer or online tutor. If you have expertise in a particular area, then you could offer tutoring services either in person or online. Marketing services are also highly valuable and profitable. Marketing is at the heart of any successful business and can be a great way to make money.
If you want to start one of the most profitable businesses, then consider starting a marketing agency. You could also consider starting a physical therapy practice. With more than 61 million American adults living with disabilities that limit their ability to participate in daily activities, physical therapy is essential for many people regaining their independence. The Bureau of Labor Statistics expects employment in this industry to increase by 1.1 million jobs over the next decade. Another option is buying a franchise such as Jimmy John's, Anytime Fitness or MaidPro. Franchises are often overlooked but can be very profitable if done correctly. Whatever business idea you choose, make sure it's something that you believe can solve a particular problem and make you a lot of money.
The MasterCard Business Card also offers short-term funding options for everyday business purchases. So if you're looking for small business ideas or just want some inspiration on booming industries, then check out our list of the 20 most profitable businesses. With low start-up costs and low barriers to entry, these businesses are sure to help you make a profit this year!.