5 Business Ideas That Will Actually Make You Money

In this video I break down business ideas that will actually make you money and the business models that work to build profitable businesses.

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#business #businessideas #entrepreneur

[jayeasy]

- Food service (not restaurants)
- Child care, day nursery, child service
- Insurance brokerage
- Importing or manufacturing for repeatable businesses
- Trading business + commercial property investment

[jessehowe]

I am 22 running a chicken business turnover £6m my second year. Importing to UK and now exporting chicken to West Africa. Currently, looking to buy other chicken/meat companies across the UK. Love your videos and your enthusiasm.

[Volkos]

Absolute truth, I did a car recovery business and it started slowly at some point I accumulated some repetitive customers I started finding more jobs from the internet, but because I have only one vehicle, and I took a credit to start the business I used my savings to survive the first few months, and insurances costs, fuel and so on, at some point I started realising that despite all the money I make I barely make any money above all the expenses. I really appreciate your honesty, and follow all your videos with interest!

[mossig]

If you borrow on your property you no longer own it. And monthly payments can escalate. Own your property and never borrow money is the key to a good life.

[elizabethward]

Some really great points James. New business owners never drill into margins enough in my experience.

[milestaylor]

Thank you. Excellent. The advice about being wary of passion and staying focused on a good business model is spot on.

[nicke]

And not forgetting subscription businesses. Especially if you’ve written unique software that other businesses can use. Super low overhead, huge margins and consistent turnover.

[facebook]

How have I only just found this channel. I have a business degree and this man is speaking more knowledge than my full degree tought

[johnabbiss]

Thank you so much for sharing this with us a really positive approach love watching and absorbing this honest advice 🤞

[joecarty]

Fantastic videos James, you should be selling these to the schools as they could really inspire people.
I started my own business at 19 but only lasted 2 years and ended up working for a company but hats off to anyone that can make it work.

[silverkitty]

Sir you are amazing! Keep making the videos. Business can seem intimidating and like a closed circle these videos are great!

[Mrhaydentv]

Great video. What I’ve discovered is that it’s not so much about what business you pick, but more about how long and hard you work at it, and you have to be the right person for that buddy. Obviously this isn’t in all cases!

Look forward to chatting to you on the podcast soon :)

[yierwqs]

You are a brilliant business man. There is an amazing business personality behind your businesses. Successful businesses depend on whether people like you or not first not what you sell. Key number one.

[benndanny]

I had, what I thought, was a brilliant idea for a business -building canoes. Not just boring ones but ones with unique colors and patterns. I sourced a good, cheap decorative pattern library and easy build canoe templates on the internet for free. All seemed good to go. Then I walked past a stack of simple, practical canoes that can easily go into the boot of your car, all for the price of £150 quid at the local supermarket. Darn it.

[dalydetailz]

I have been working my arse off in my own passion/vanity project for a number of years, and it has been my ego that has stopped me from chucking the towel in. I am good at what I do, or so I am told and that's nice, but having my ego stroked by my customers isn't getting me anywhere, and it certainly doesn't pay the bills. My overheads are massive, and I could earn a better living working in a supermarket. The only upside of being self employed is that my time is my own, but I do have deadlines to work to, so I end up working late in to the night because I had to deal with a family issue during the day, so in reality, I am worse off !!
Your videos have told me what I have always avoided telling myself.
Thanks

[michaelstanbrook]

This guy is great, no BS just logical good advice.

[GerbenWulff]

My ideal thing is things like vending machines. You can scale it up without having to employ huge amounts of personnel. In the country I am in now, there are a lot of machines where people throw in a coin to get wifi, because most people don't have an internet subscription, or GSM subscription. Of course, that wouldn't work in the UK. In the UK, if I had a few locations, like that store selling ice cream, I would put down a few vehicle chargers in my parking lot to make extra money. But also think of machines selling coffee or candy. I am amazed when in Europe I see a fast charger and people walk to the nearby gas station to buy coffee. Why don't they add a simple coffee machine next to the fast charger? These are self-reinforcing businesses. Chargers where you can buy coffee are more attractive and of course people who need to charge are very likely to buy something. They just let their customers walk to the competition.
In addition to trying to own your real estate (otherwise your rent lord will just raise the rent until you have no more profit left), you should get some solar panels on them. That's a no-brainer these days.

[highlandmalt]

Couldn't agree more. I see so many people working all hours on a hopeless model. I've been there too some years ago. One other rule I have, and it does conflict a little with some if the models you suggest: I wont operate a business with a negative cashflow. I know there are great businesses out there that do, but, personally, I just hate the costs and stress associated with operating that way. My father used to have a sign on his office desk saying "Happiness is a positive cashflow" (whilst running a business with a negative one). I would urge inexperienced entrepreneurs to be cautious about diving into a business with a negative cashflow unless the margins are spectacular.

[businessmarriagepod]

What a brilliant video - as always! In our opinion, the OG of brilliant business insights!!

[WeeShooey]

Great video James, and excellent advise, only thing missing was a pipe.