7 Businesses That Never Fail. Businesses With The Highest Success Rate

What are the most successful businesses? How can you make sure that your business doesn’t fail? I found 7 businesses that never fail so to speak, because they have the highest success rates. Some of these business ideas have a success rate of over 90%, even as much as 95% success rate.

Especially if you are about to start your first business, it’s very important for you to have a good first experience. If your first business is successful, you are most likely to continue taking on risks. If your first business fails, you are likely to get discouraged, because you are a normal human being. And it will be harder to overcome fear and try again in the future.

Why Most Businesses Fail?

We know that most businesses fail. According to the US Bureau of Labor Statistics, 20% of new businesses in the United States fail within their first year. By the fifth year, that number rises to almost 50%. And after 10 years, as much as 65% of all businesses get closed. Which means two-thirds of all businesses failed.

However, this doesn’t have to be true for every business. In this post I will list “7 businesses that never fail”, other words, 7 business with the highest success rates.

Disclaimer: by saying “7 businesses that never fail” we don’t mean that these businesses literally never fail. We mean that these businesses have the lowest failure rates (or the highest success rates) comparing to other businesses. Any business can fail. That was a word of encouragement 🙂

I need to mention, that there might be different reasons why the business gets closed. It can include:

• Dramatic changes or a crisis in the industry itself
• Mistakes that lead to failure
• Switching to a more profitable business, which is not a failure, just reasonable adjustments
• Or simply changing the registration form. In this case the initial business is closed on a paper, but in reality, it is safe and sound.

The available statistics don’t always reflect that. However, if they show a high success rate, it means that this particular business doesn’t experience dramatic changes. It also means that you have a lower chance to make really bad mistakes that could lead to the business failure. So, what are the most successful businesses?

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Let’s have a look at the 7 businesses that never fail, businesses with the highest success rates.

1. Laundromats Business. Success rate 93%. (#1 of 7 businesses that never fail)

Laundromats Business is the first of the 7 businesses that never fail. Success rate around 93% (or even 94.8% according to some sources).

These businesses are a staple in many communities, especially in urban and densely populated areas where not everyone has access to in-home laundry facilities. In such areas the community often becomes reliant on local laundromats, providing a stable customer base even during a recession. That’s why laundromats have such a high success rate.

They’re not just low-risk; they’re also straightforward. Basically, you need washers, dryers and coin machines – that’s it. Once the initial setup is complete, laundromats can have relatively low ongoing operational costs, especially if they are fully or partially automated.

If you want to diversify income streams you can offer additional services like dry cleaning, laundry folding, or vending machines.

Another great side of Laundromats business is Scalability. Owners can start with one location and expand to multiple locations quite easily. As with many other businesses, the key element is finding a good place for your laundromats. As soon as you have it – this business should be very successful according to data.

2. Self-storage Facility Business. Success rate 92%. (#2 of 7 businesses that never fail)

The self-storage facility business in the United States involves renting out storage spaces to individuals or businesses on a short-term or long-term basis. These can be rooms, lockers, containers, or outdoor spaces. They are used for storing household goods, business inventory, or other items.

These businesses have been a top-performing asset class in real estate since 2008. According to a study by Rhino, they have an impressive 92% success rate. Even during a recession, they are quite stable. The need for storage often remains constant or may even increase during economic downturns, as people downsize, move, or close businesses and need temporary storage space.

What makes this asset class compelling is the role technology plays in its management. You don’t have to be physically present. This business can be run remotely. Features like keyless entry, tracking systems, automated security, online billing, and automated contracts enable customers to use the facility without your direct involvement.

It also allows for Flexibility. Owners can adapt to market needs by offering various unit sizes, climate-controlled spaces, or specialized storage like vehicle or document storage.

This business has Low Tenant Turnover Costs. Unlike residential properties, the cost to get a storage unit rent-ready after a tenant vacates is usually minimal.

Another thing which makes this business stable and successful is Low Payment Default Risks. Due to the small size of individual rents, the risk of payment default is often lower than in other real estate sectors. Additionally, state laws often allow for the quick auction of stored items to recoup losses.

However, a word of caution: the self-storage market is becoming increasingly saturated. So, whether that 92% success rate will hold up is something to keep an eye on in the coming months and years.

3. Vending Machine business. Success rate 90%. (#3 of 7 businesses that never fail)

The initial investment is relatively small, ranging from $3,000 to $5,000 to buy a new vending machine. If you’re savvy, you could even snag a used one for around $800 or $1000.

Once you’ve got your vending machine, there are a few key steps to make it successful. You need to find a location with high foot traffic, negotiate terms for placing the machine there, and then stock it up. It’s a fantastic beginner business. It will not make you hundreds of thousands of dollars annually, but it’s a great starting point.

One vending machine normally makes between $300 and $1500 monthly. Which means you can return your investments in just a few months.

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This business will not ruin you financially. According to data it’s one of the “7 businesses that never fail” (businesses with the lowest failure rates). And will allow you to learn the basics of business operations, such as Profit and Loss statements, logistics, pricing, and managing contractors. As soon as you become more confident with these things, you can scale, or start a second business.

4. Agriculture Business. Success rate 86.2%. (#4 of 7 businesses that never fail)

The agriculture business in the United States is a critical sector that involves the cultivation of crops and livestock production. This sector is incredibly diverse, ranging from small family farms to large commercial operations. U.S. agriculture produces a variety of goods such as grains, fruits, vegetables, meat, dairy, and more, not only for domestic consumption but also for export to international markets.

The agriculture business not only has a high success rate in the first 2 years. This is the only business that has 50% success rate after 10 years.

Why Agriculture Business is so successful?

The first reason why Agriculture business is successful – Technology. The agriculture in United States is highly mechanized and uses advanced technologies like GPS, drones, and precision farming, which increases efficiency and yields.

The second reason why Agriculture business is successful – Abundant Resources. The U.S. has vast areas of arable land, a variety of climates for different types of agriculture, and abundant water resources.

The third reason why Agriculture business is successful – Government Support. Federal and state programs offer various forms of support to farmers, such as subsidies, grants, and low-interest loans.

And of course, there are other reasons like good infrastructure, great research and development which contribute to innovation and productivity.

While the agricultural sector faces challenges like climate change, labor issues, and price volatility, its foundational role in food supply, both domestically and globally, contributes to its high rate of success. The combination of technological innovation, resource availability, and supportive infrastructure makes agriculture a strong and lucrative industry in the United States.

5. Rental Property Business. Success rate 85.3%. (#5 of 7 businesses that never fail)

The rental property business involves owning and managing real estate properties with the intent to lease them to tenants, either residential or commercial. Landlords earn income through collecting rent and may also see an increase in property value over time.

Andrew Carnegie famously said that 90% of all millionaires become so through owning real estate (at least it looked that way in Andrew Carnegie times). How does it work?

Becoming wealthy with Real Estate involves 4 elements:

• LEVERAGE. which basically means that with just 20% down payment you can become a property owner. You use someone else’s money to buy a property and benefit from other 3 elements:
• COMPOUND GROWTH. Real estate often appreciates in value over time. For example, a property worth $200,000 that appreciates at 5% annually would be worth approximately $325,779 in 10 years.
• CASH FLOW. Rent provides a consistent and stable source of income, and in many areas, demand for rental property remains constant or is increasing. Over time, rental income typically increases, providing an inflation-adjusted income stream.
• TAX BENEFITS. The U.S. tax code offers several benefits for real estate investors, such as deductions for mortgage interest, property taxes, and maintenance costs. Depreciation is another major tax advantage that allows you to offset income, thereby reducing your tax burden.

Putting all these elements together, it’s easy to see how real estate can serve as a powerful wealth-building tool. The combination of leverage, compound growth, cash flow, and favorable tax treatment can provide pathways to millionaire status that are hard to replicate in other asset classes. And again, this business has a high success rate, and is one of the 7 businesses that never fail.

6. Retail Business. Success rate 83.3%. (#6 of 7 businesses that never fail)

Number 6 on my list of the 7 businesses that never fail (businesses with low failure rates) is Retail Business. The retail business involves selling goods and services directly to consumers. This sector is extremely diverse, encompassing everything from small mom-and-pop shops to large chain stores and online marketplaces. Retailers can sell a variety of items including clothing, electronics, groceries, furniture, and more.

At its core, retail fulfills the basic need for goods and services. The constant demand from consumers for various products ensures a steady cash flow.

The Retail segment has low barriers to entry. It’s generally easier and less costly to start a retail business than to enter many other industries. The rise of online shopping has allowed retailers to reach global markets more easily than ever before.

The retail business is very competitive, and in some niches the margins are thin. However if you have a keen understanding of consumer behavior, excellent customer service, effective inventory management, and the ability to adapt and innovate, your business has high chances to be stable and successful.

7. Transportation Business. Success rate 80.2%. (#7 of 7 businesses that never fail)

Even though Transportation Business is number 7 on this list, it can potentially be #1 business for you personally. The most successful business idea for you is the one where you have the knowledge, skills and experience, where you see a demand and a chance to fulfill it. Transportation business can be exactly what you need.

Especially with the rise of e-commerce, gig work, and online platforms, there’s an increasing need to move goods straight to our doorsteps. Transportation is a fundamental need for modern societies. Whether it’s delivering raw materials to manufacturers, finished goods to retailers, or people to their destinations, transportation services are always in demand. Data shows that Transportation Business has a low failure rate (high success rate).

The capital and regulatory requirements can act as barriers to entry at larger scales. But starting a small transportation business can be relatively straightforward. It also has a room for growth and scalability using modern technologies like electric vehicles, drones and GPS trackers. Transportation Business will always be there, and it has one of the highest success rates.

BOTTOMLINE

So, here you have it – 7 businesses that never fail, businesses with the highest success rates. These are the most successful businesses according to data. However it’s worth noting that choosing which business to start involves analyzing the market and your personal situation (your knowledge, skills, experience, resources, connections, location etc…). The best business idea for you might not be on this list. I have a great article Which Business Should You Start and Why? How to Find Your Niche in Business? You will find FREE Downloadable PDF file to help you choose your best business niche.

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