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THE 7 MOST PROFITABLE SMALL-BUSINESS INDUSTRIES

 Below are the 7 most profitable small-business industries, please read on: 

1. Accounting, Tax Preparation, Bookkeeping and Payroll Services


“The accounting industry is consistently a top performer on our list,” says Sageworks’ Weaver.
No matter how the economy is doing, everyone needs accountants. Also, this industry tends to have low overhead and repeat clients

2. Legal Services:

Anyone who has ever hired a lawyer knows it’s not cheap. Law, like accounting, generally has low operating costs as well as repeat clients. However, this business category includes not only lawyers, but notaries, settlement officers (who deal in the transaction of securities) and title search agents in real estate.

3. Offices of Physicians

Being a doctor requires years of training, certification and likely, medical school debt. However, doctors also benefit from regular clients and relatively low overhead costs.
 

4. Religious Organizations

Religious organizations are having a profitable year. Really. Remember, being not-for-profit doesn't mean your goal shouldn't be to make a profit. It's just how you distribute those gains. Instead of giving profits to shareholders, all of yours go to your organization's mission, which is the furthering of your church's aims. It has been a good year not only for churches, synagogues, monasteries, mosques and temples, but also for schools, colleges and universities that are operated by religious organizations. 


5. Management, Scientific and Technical Consulting Services

Some types of businesses that fall under this category are businesses that provide either management or consulting on a range of expertise, including human resources, marketing and environmental issues.

6. Specialized Design Services
Small businesses that specialize in interior, industrial and graphic design are flourishing, as the value of a product or business’s function has become inextricably linked to appearance and design.
7.  Offices of Real Estate Agents and Brokers
While the real-estate market is largely dependent on the health of the economy, real-estate brokers and agents have low operating costs and all you need to get started is an agent or brokerage license.
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