I’m 55 and earn around $450k annually, only save about 2% in HSAs. I've been reading a lot of articles mentioning how worthless 'cash savings' are in this current economy. Thus, my question which will be a better business to grow my funds as of now?
Agreed, opting for financial advice is the best way to go about the market right now. I got $120k in my HSA invested in the total stock market and average four figures/month in dividends. My overall ROI just hit $2.66Million and is still counting up.
@@MarieLegrand-p7z I've worked in real estate for over 25 years and have neglected a major stock portfolio. However, I need a different plan now... mind if I look up the professional guiding you, please?
I've shuffled through a few professionals in the past but settled with Sophia Verdekal O'neal. You'd most likely find her basic info on the internet. She's well-established with over two decades of experience.
Excellent share! Curiously inputted Sophia Verdekal Oneal on the web, spotted her consulting page ranked top, and was able to schedule a call session. I've seen commentaries about advisors, but not one looks this phenomenal.
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.
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.
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."
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.
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:
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."
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
You work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K in a meme coin from just few months ago and now they are multimillionaires.....
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.
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.
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 $2 an hour per kid and have to have an employee for every 5 or 6 kids now. cant even pay min wage.
in London UK it's average £1,800 a month to put your kid in full-time (5 days/week) nursery. That's about £8/hour if a kid is there all 55 hours in the week. Plus you've got government paying a good chunk of that, which I imagine makes it reliable.£18/hour for ad-hoc booking in nursery, £20 for in-home babysitting.
My own business in uk chicken shop i make 100000$ monthly And 2nd business grocery store + convenience store +Shoe's business Grow your self and your business don't be fear 🎉
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.
#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.
Yeah! We have the entrepreneurs university which is a platform full of training videos which go into more detail that here on RUclips. There’s a link in the description for a free trial 👍🏻
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.
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
One thing I don't like about most offline businesses. They are expensive to set up for the average person and the business ends up owning YOU. The best business by far are businesses which give you a passive income. Sunning oneself on a beach in Thailand and then checking your laptop in the evening and wham - £300 plus profit for that day. Build PASSIVE online income streams for say 5 years until you are comfortable with the weekly revenue (and it is consistent). If you have no knowledge in building a few websites there are many people who can and it does not cost an arm and a leg. Similarly you can hire a digital marketing agency (for a fee) which will market your websites.
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.
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
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.
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.
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?
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
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.
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 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.
TLDR: The key idea of the video is that there are six profitable business models that can lead to long-term success and profitability, including starting a day nursery, investing in scalable businesses, focusing on food services, pursuing businesses with predictable cash flow, venturing into commercial property rentals, building a niche wholesale business, and starting businesses in commercial hygiene, waste services, finance, and other regulated industries. 00:00 💼 There are six profitable business models that can set you up for long-term success and profitability, based on the speaker's experience in trading and entrepreneurship. 00:57 🏫 Start a day nursery business because it has a good average lifetime value, customers pay upfront, and it is regulated, making it more likely to be successful and attract investment. 02:46 📈 Scalability is key to attracting investment and profitability, with businesses like nurseries and hotels being prime examples, while the food services industry, led by companies like Cisco, thrives through acquisitions. 04:05 🍽 Food services businesses, such as contract catering, are profitable due to repeat customers and scalability, making them a potential profitable venture. 05:25 💼 Profitable businesses with predictable cash flow, like canteen services and commercial property rentals, are valuable and can be easily sold. 06:55 💼 Investing in buy to let property in the UK is no longer profitable, so it's recommended to pivot to more cash-intensive and experienced ventures like commercial property rentals, specifically small warehouses and storage units, which offer tax advantages and high yields. 09:01 📈 Build a niche wholesale business in a big industry, import or manufacture products, and wholesale them to other shops to compete with big players like Amazon and supermarkets. 10:52 💼 Commercial hygiene and waste services, as well as finance and other regulated businesses, are highly profitable and recession-proof, making them attractive options for starting a business.
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.
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
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!
"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?
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.
Please James consider to be uk's next prime minister. This country needs you more than ever. No one should leave and open business somewhere else you have to stand and fix the system. Please consider this...
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 🙏😊
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
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
You actually need an expert trader assigned company to help you out. I currently trade with Mrs Amelia Nova she is the best when it comes to making high profits in the market
My advice to anyone feeling the heat in this bear market. Just trade long term more than ever. If you can then get a professional to trade for you I think that way your assets are more secure .I invest with Mrs Amelia Nova and the profit is great even with the dip.
I'm new here and really want to know some important things about her. Does she also offer mentorship, lectures and tutorial? How do I reach her please help
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.
There's one way all businesses can be profitable and that's by educating themselves on business financial management ie. knowing your numbers... the devil is in the detail.
No need for a video - I will tell you how it works, for free. Get employed, or become wealthy enough to hire the right people, to run the business for you.
Because building a personal brand can add rocket fuel to your business marketing efforts. Ask Walt Disney, Steve Jobbs, Richard Branson. Having a personal brand means you attract opportunity and it’s one hell of a recruiting tool. Hope that helps.
I own this, and this and this business I have, and a seminar and a RUclips 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.
I’ve just stumbled upon you recently James and I genuinely appreciate the videos. Loving them. Especially this one where you validate things I’m already doing. However….update things. For example, AI will take away the ‘professional services’ you describe…within 2 years max. If you could get into the 2020s you’d be a £500 million investorpreneur.
![Eminem - Fuel (feat. JID) [Official Lyric Video]](http://i.ytimg.com/vi/t5H_CewqpKA/mqdefault.jpg)
Number 8. Conferences telling people how to start and run a business. Never any shortage of consumers.
😂 Aye, fair.
😅😅😅😅
aka grifters
@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..
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 !!!!!
I’m 55 and earn around $450k annually, only save about 2% in HSAs. I've been reading a lot of articles mentioning how worthless 'cash savings' are in this current economy. Thus, my question which will be a better business to grow my funds as of now?
As with most investing-related questions, the answer is relative. I'd suggest you consider financial advisory to be on the safer side.
Agreed, opting for financial advice is the best way to go about the market right now. I got $120k in my HSA invested in the total stock market and average four figures/month in dividends. My overall ROI just hit $2.66Million and is still counting up.
@@MarieLegrand-p7z I've worked in real estate for over 25 years and have neglected a major stock portfolio. However, I need a different plan now... mind if I look up the professional guiding you, please?
I've shuffled through a few professionals in the past but settled with Sophia Verdekal O'neal. You'd most likely find her basic info on the internet. She's well-established with over two decades of experience.
Excellent share! Curiously inputted Sophia Verdekal Oneal on the web, spotted her consulting page ranked top, and was able to schedule a call session. I've seen commentaries about advisors, but not one looks this phenomenal.
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 :)
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
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 have been in business for about 8 years. it's so nice to see someone worth listening to. With no BS. Thank you
Business that never fail. Wow, not misleading at all.
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
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.
I used to watch James years ago. I’m so glad he popped back up today. Great guy.
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:
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."
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?
You work for 40yrs to have $1M in your
retirement, meanwhile some people are putting just $10K in a meme coin from just few months ago and now they are multimillionaires.....
You are right, to be a successful person in life require him or her of hard work and time
The thing about been successful is working toward it and not going the other way round
It's obvious everyone is doing this online Investment
@@kirstenraedmund7346I totally agree with you it has been an eye-opening experience for a lot of people.
Investment is the key to achieving success with the current pandemic slowing down so many businesses aww
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.
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!!
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. 😂
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
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)
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.
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 $2 an hour per kid and have to have an employee for every 5 or 6 kids now. cant even pay min wage.
in London UK it's average £1,800 a month to put your kid in full-time (5 days/week) nursery. That's about £8/hour if a kid is there all 55 hours in the week. Plus you've got government paying a good chunk of that, which I imagine makes it reliable.£18/hour for ad-hoc booking in nursery, £20 for in-home babysitting.
1)Child Care.
2)Food Services.
3)Contract Catering.
4)Commercial Property Rentals.
5)Niche Wholesale.
6)Commercial Hygiene + Waste Services.
7)Professional Services.
Any thoughts on starting over? You're back to zero but with the knowledge you've gained over the years. Where / how would you start to rebuild again?
I'm right there with you, brother (or sister!). I hope he responds.
My single piece of advice,don’t take rest,if you take it too Long to star again,you will lose courage,energy and power to do.
Just watched the always fail vid. Here for the good stuff now. Thanks!
A daycare centre run by investors - what could be better for the children?
The people who own the daycare don't have to be the ones running it daily.
1) Greggs
The man is standing bang in front of the answer at the start. Steak slices are oozing cash!
My own business in uk chicken shop i make 100000$ monthly
And 2nd business grocery store + convenience store +Shoe's business
Grow your self and your business don't be fear 🎉
excellent advice, I own a few businesses and I agree with everything you're saying
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?
#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.
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.
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 RUclips. There’s a link in the description for a free trial 👍🏻
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.
You are an impressive entrepreneur. Thank you, from the USA, for your videos. God bless you.
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
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
Very interesting video bud! Something to take on board for sure! Not that spelling of wholesale tho 😄👌
One thing I don't like about most offline businesses. They are expensive to set up for the average person and the business ends up owning YOU. The best business by far are businesses which give you a passive income. Sunning oneself on a beach in Thailand and then checking your laptop in the evening and wham - £300 plus profit for that day. Build PASSIVE online income streams for say 5 years until you are comfortable with the weekly revenue (and it is consistent). If you have no knowledge in building a few websites there are many people who can and it does not cost an arm and a leg. Similarly you can hire a digital marketing agency (for a fee) which will market your websites.
How do you know if they want to sell? How do you get an accountant to be able to look at their books?
Hi James! What’s your kids crafts business called?
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.
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
ruclips.net/video/6xhoNyvF7-8/видео.html
@@JamesSinclairEntrepreneur thank you! Will give it a look. Really inspirational stuff!
You are like Alex Hormozi. Incredible value. Thank you
Very kind of you to say; he’s a good guy!
Not as hairy
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
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.
Love this James....hope to catch you one day on my many visits to Rossi
As a 26 yo starting a CFP practice, I need this education! Your content is incredible!
Thanks so much! Glad you like!
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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?
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
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.
Thanks for a great video and explanation i m really learning a lot from you
Glad to hear it!
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.
In Alan Sugars book, says he put all Amstrads profits into commercial property, now worth over £1BN
Childcare
Food Service
Contract Catering
Commercial Property
Niche Wholesale
Commercial Hygiene
What are your thoughts on vending machines in niche markets
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 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!!
TLDR: The key idea of the video is that there are six profitable business models that can lead to long-term success and profitability, including starting a day nursery, investing in scalable businesses, focusing on food services, pursuing businesses with predictable cash flow, venturing into commercial property rentals, building a niche wholesale business, and starting businesses in commercial hygiene, waste services, finance, and other regulated industries.
00:00 💼 There are six profitable business models that can set you up for long-term success and profitability, based on the speaker's experience in trading and entrepreneurship.
00:57 🏫 Start a day nursery business because it has a good average lifetime value, customers pay upfront, and it is regulated, making it more likely to be successful and attract investment.
02:46 📈 Scalability is key to attracting investment and profitability, with businesses like nurseries and hotels being prime examples, while the food services industry, led by companies like Cisco, thrives through acquisitions.
04:05 🍽 Food services businesses, such as contract catering, are profitable due to repeat customers and scalability, making them a potential profitable venture.
05:25 💼 Profitable businesses with predictable cash flow, like canteen services and commercial property rentals, are valuable and can be easily sold.
06:55 💼 Investing in buy to let property in the UK is no longer profitable, so it's recommended to pivot to more cash-intensive and experienced ventures like commercial property rentals, specifically small warehouses and storage units, which offer tax advantages and high yields.
09:01 📈 Build a niche wholesale business in a big industry, import or manufacture products, and wholesale them to other shops to compete with big players like Amazon and supermarkets.
10:52 💼 Commercial hygiene and waste services, as well as finance and other regulated businesses, are highly profitable and recession-proof, making them attractive options for starting a business.
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.
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.
Brother. This is amazing content !!! Thank you
Thanks so much for watching!
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 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
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I live near a tourist town. There are entire blocks of vacancies in the business district.
"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
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.
Actually, the most profitable UK giant is at 0:01 - GREGG'S smirking like a silly sausage roll behind us all.
Fantastic guidance
What about online businesses which are profitable?
Please James consider to be uk's next prime minister. This country needs you more than ever. No one should leave and open business somewhere else you have to stand and fix the system. Please consider this...
Too late we're screwed now!
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 🙏😊
James, you're awesome - thanks for sharing
Good to see you have waste management listed: great advice -- T. Soprano
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
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
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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.
Thank you for your very helpful video. I hope everyone is having a wonderful day. Sheila Mink in New Mexico
thank you for this ideas!
James, great content. But if you are are selling Training & Communication - then it's Wholesale not Whoelsale. Just Sayin'
haha like he cares, getting help with making money is so enticing, he is obviously a clever guy knowing peoples psychology
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
There's one way all businesses can be profitable and that's by educating themselves on business financial management ie. knowing your numbers... the devil is in the detail.
Because you get a lot of clients does not always mean you necessarily get predictable cash flow which you keep mentioning. Predictable orders, yes.
Another great video. Your insights really help me to keep moving forward thought the build up phase.
Great content! Any chance you have a video on how to let others run your business instead of yourself?
No need for a video - I will tell you how it works, for free.
Get employed, or become wealthy enough to hire the right people, to run the business for you.
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.
Sensible and great advice. My only question is why successful entrepeneurs and investor types start YT channels?
Because building a personal brand can add rocket fuel to your business marketing efforts.
Ask Walt Disney, Steve Jobbs, Richard Branson.
Having a personal brand means you attract opportunity and it’s one hell of a recruiting tool.
Hope that helps.
Im going to have to disagree on the wholesale food niche. Its too much headache for small margins. Contract catering is solid tho.
High barrier to entry means you have to dethrone the existing businesses which means you need to be good at sales
I own this, and this and this business I have, and a seminar and a RUclips 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.
God bless you sir, very helpful video!
I’ve just stumbled upon you recently James and I genuinely appreciate the videos. Loving them. Especially this one where you validate things I’m already doing. However….update things. For example, AI will take away the ‘professional services’ you describe…within 2 years max. If you could get into the 2020s you’d be a £500 million investorpreneur.
I don't trust people who sell courses.
Best thing about your vid's, you are so open with figures and facts