If you’re looking for a business with a high success rate, consider agriculture. A recent study found that agricultural businesses have an impressive 88% success rate, compared to other industries. This is because agriculture is a fundamental part of human existence and will always be in demand. Plus, many agricultural businesses are family-owned and operated, which means the owners have a personal stake in the business and are more likely to put in the time and effort required to make it successful. So, if you want a durable business that’s likely to thrive, agriculture might be the way to go.
What Business Does Not Fail?
In the world of business, failure is always a possibility. Many entrepreneurs have had their dreams crushed by the harsh reality of the market. But what if there was a type of business that had a low failure rate, and at most, never failed? Agriculture-related businesses fit this description perfectly.
According to a study conducted on the success rate of small businesses, agricultural businesses have a success rate of an amazing 88%. This means that out of every 100 agricultural businesses, 88 of them are still operating after five years. This is a remarkable feat when compared to other industries where the success rate is much lower.
One of the reasons why agricultural businesses have such a high success rate is their durability. Agriculture is a fundamental part of human existence, and as such, it will always be in demand. People will always need food, and as the world’s population continues to grow, the demand for agricultural products will only increase. This means that agricultural businesses have a stable market, which is a crucial factor in their success.
Another reason why agricultural businesses are so successful is that they are often family-owned and operated. This means that the owners have a personal stake in the business and are more likely to put in the time and effort required to make it successful. Family-owned businesses also have a strong sense of community and tradition, which can help them weather tough times.
In addition to their durability and personal touch, agricultural businesses also have a low barrier to entry. Unlike other industries that require a significant amount of capital to get started, agricultural businesses can be started with a relatively small investment. This means that more people can enter the market, which can lead to increased competition and innovation.
In conclusion, if you’re looking for a business that has a low failure rate and is durable, then agriculture-related businesses are the way to go. With a success rate of 88%, these businesses have proven to be a stable and profitable investment. They are family-owned and operated, have a strong sense of community and tradition, and have a low barrier to entry. So if you’re considering starting a business, why not consider agriculture? It could be the best decision you ever make.
References for « What business does not fail? »
- « Why Some Startups Succeed (and Why Most Fail) » by Neil Patel
- « Five Reasons 8 Out Of 10 Businesses Fail » by Eric Wagner
- « Why Businesses Fail–and How to Make Sure Yours Doesn’t » by Leigh Buchanan
- « The Lean Startup: How Today’s Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses » by Eric Ries
- « Built to Last: Successful Habits of Visionary Companies » by Jim Collins and Jerry I. Porras
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