Choose Wisely! 6 Very Profitable Businesses to Start

If you've thought about starting a business or even if you're in business, you will know it's really tough. But how do some businesses seem to make more money than others? It's all about having a great model. In this video I share 6 very profitable businesses and why their models are set themselves up for success.

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Who am I?
My name is James Sinclair and I'm the founder and CEO of The Partyman Group of Companies. I started building my business when I was just 16 as a family entertainer after that I built up an entertainment agency, then moved into building a leisure and day nursery businesses. Today we operate a £30 million business which includes leisure, childcare, outdoor attractions, commercial property, arts and crafts manufacturing as well as one of the UK’s oldest Ice cream companies; The Rossi Ice Cream Company.

#business #entrepreneur #businessowner

[tahirisaid]

My outlook on money changed when I realized someone making $300, 000 can retire broke & someone making $80, 000 can retire a multi-millionaire. Living within your means and living a frugal lifestyle is the first step to financial independence. I just hit the one million mark last year, cheers to everyone striving to get there someday.

[Konushbai]

1. Child Care
2. Food Services
3. Contract Catering
4. Commercial Property Rentals
5. Wholesale
6. Commercial Hygiene + Waste Services
7. Professional Services

[ronanmc]

Number 8. Conferences telling people how to start and run a business. Never any shortage of consumers.

[Indy_at_the_beach]

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.

[luckycontestant]

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.

[always_b_natural]

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.

[rpgreseller]

1. Child Care daycare
2. Food services: supply restaurants
3. Contract catering
4. Commercial property rentals

[rabokarabekian]

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."

[trainingbuster]

I have been in business for about 8 years. it's so nice to see someone worth listening to. With no BS. Thank you

[lewisburton]

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.

[brunosmith]

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.

[georgeamstrong]

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.

[matthewchandler]

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!

[investidorsardinha]

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

[stevemullen]

Business that never fail. Wow, not misleading at all.

[craig-robinson]

I used to watch James years ago. I’m so glad he popped back up today. Great guy.

[ambaro]

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:

[SgtJoeSmith]

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.

[steveharman]

Love this James....hope to catch you one day on my many visits to Rossi

[demokid]

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."