11 Best Business That Never Fail (With Ideas & Infographic )

Before starting a business in any domain, every Businessman and Entrepreneur searches for a business that never fails in this rapidly changing world and tries to succeed. 

Here your searches end. We have listed the 9 best businesses that never fail. But you must work hard in the right direction with the right people to succeed. Because competition is always rising in this era. 

Do you know what? According to the U.S. Bureau of labour statistics, approximately 20% of new businesses fail during the first two years of being open, 45% during the first five years, and 65% during the first 10 years. Only 25% of new businesses make it to 15 years or more. 

That’s why it becomes necessary to search for a long-lasting business idea and build it into something never expected. 

 

Let’s Dig in:

11 Business that never fail

Quick Snapshot on 11 Best business that never fail:

  1. Healthcare Business
  2. Pharmaceutical Business
  3. Education
  4. Finance
  5. Entertainment Business
  6. Food Business
  7. Clothing Business
  8. Professional Business
  9. Advertising and Marketing
  10. Transportation Business
  11. Real Estate Business
business that never fail infographic

#1. HealthCare Business

The healthcare industry is becoming the fastest growing industry ever worldwide. The healthcare industry provides services and goods to treat patients in layman’s language.

These services and goods can be medical equipment, doctors, labs, Diagnostic machines, and more. 

There is a huge opportunity to build a profitable business. As per U.S Bureau Labour Statistics,

Healthcare industry growth is projected to be 13 percent from 2021 to 2031, a higher growth rate than other industries. 

Healthcare business stats:

  • It is projected that the global healthcare market will hit the mark of $665.37 Billion by 2028, according to Verified Market Research.
  • In 2020, U.S. National Healthcare Expenditure reached $4.1 Trillion means $12,530 per person. It is estimated to reach $6.2 Trillion by 2028 per centre for medicare and medical services.
  • The Price growth of medical goods and services is expected to hike 2.4 percent per year from 2019-2028.

Healthcare Business Ideas:

  •  Develop a HealthCare App or Web App
  • Home Healthcare services
  • Rehabilitation centre
  • Medical Billing Services
  • Health Related Information Website or App
  • Medical Supply sales
  • Uniforms for Medical Professionals
  • Hearing Aid Dispensary
  • Medical Equipment Sales
  • Medical Cleaning Business
  • Medical Waste Disposal Business
  • Mental Health Counselling Business

#2. Pharmaceutical Business

We all have taken pills, syrup, and injections to cure diseases. As disease will not go anywhere, pharma businesses are always there to help. In terms of stats, Pharmaceutical businesses made revenue of $11.5 trillion from 2000 to 2018, with a gross profit of $8.6 trillion and a net income of $1.9 trillion. 

The pharmaceutical business will be the most profitable, per the U.S. Government Accountability Office and Congress Budget Office (CBO) research. 

Statistics:

  • The U.S. average spending on Medicines is projected to be $605 – $635 billion by 2025.
  • In 2019, Americans spent around $511 Billion on Medicine only.
  • In 2020, The Annual Revenue of the U.S. Pharma Industry was $425 billion.
  • In 2018, 5.8 billion prescription medications were dispensed in the U.S.
  • From 2021 to 2026, experts projected that the global pharmaceutical industry will grow at a compound annual growth rate of 7.41%.

Business Ideas: 

  • Retail Pharmacy
  • Online Pharmacy Franchise
  • Retail store of surgical Products and Equipment
  • Start your own Online Pharmacy store in the form of an App/Website
  • Wholesale of Medicine
  • Manufacturing of Medicines
  • Wholesale of surgical products and Equipment
  • Marketing companies medicine
  • Manufacturing of Medical Devices
  • Pharmaceutical Consultancy
  • Pharmacy raw material Supplier
  • Food and Diet supplements

#3. Education

`We all want quality and affordable education to grow in our careers and life. With this demand for educators and quality, learning is increasing exponentially. 

After the pandemic, the online education industry is more in demand because of its benefits over traditional learning, with exceptions. Education will always be here in different forms for their learners. 

Statistics:

  • It is Projected that the Education industry market volume in the U.S. will be $2.3 billion by 2026
  • The Total revenue is estimated to show an annual growth rate of 7.48% by 2022-2026
  • The Global E-Learning market is projected to grow by $370 billion in 2026
  •  Industry revenues for Online Tutoring were 1.5 billion U.S. dollars in 2022.

Business Ideas in Education Industry:

  • Tutoring
  • Online Courses
  • Home Schooling Business
  • Language Teaching
  • Test Preparation Coaching
  • Art teaching
  • Counselling on Mindfulness and stress management
  • Online schools on Skill Development

#4. Finance

The Finance Industry is linked with every industry and people’s personal life in the form of loans, insurance, lending money, investing, wealth management, and much more. 

This has increased demand in the finance industry for every business to manage its finances efficiently. 

Statistics:

  • In the U.S., Financial and Insurance services make around $1.5 trillion, which is 7.4% of the total U.S. GDP.
  • The global financial services industry is expected to have a CAGR of 6% from 2020 to 2025.
  • The FinTech Industry is estimated to grow by $190 billion in 2026 with a CAGR of 13.7%

Finance Industry Business Idea:

  • Start a Finance blog
  • Create Online Course
  • Start Bookkeeping business
  • Become a Stock Day Trader
  • Start a Money Lending Business
  • Give Real-estate appraisal Business
  • Develop an Account Software
  • Write Finance Related E-book
  • Start budget Consultancy business
  • Start online COaching business
  • Become Forex Trader
  • Start crypto trading

#5. Entertainment Business

We all love to watch Netflix movies and spend time on YouTube. Along with this, online apps and websites are gaining more weight in this online world. Because these services substitute T.V., Radio.

The entertainment industry will never go in the future, but a way of producing and consuming content will evolve with time.

Statistics:

  • Of the total GDP of the U.S. economy, the Entertainment Industry holds 6.9% of the total.
  • The U.S. Media and Entertainment industry is expected to reach a Compound Annual Growth rate ( CAGR ) of 8.9% by 2030.
  • The U.S. Media and Entertainment industry market size is $660 billion. ( $2 trillion in Global Market )
  • In 2021, the Global Media and Entertainment market was $2.2 trillion worth.

Entertainment Business Ideas:

  • Make-up artist
  • Photographer
  • Costume Designer
  • Event Manager
  • V.R. Experience
  • Modelling Agency
  • Online Wedding Marketplace
  • Recording Studio
  • Video Editing
  • Wedding Consultancy
  • Voice over Service

#6. Food Business

Food is a basic need of the people. We need this to survive. Companies involved in Food and Food related business will never become a problem. Because we are never going to stop eating. 

The food Business can be your most profitable if you have Awesome Infrastructure and management to handle it. But it was hit badly during the pandemic time.

Statistics:

Food Business Ideas:

  • Start a Food Truck Business
  • Start Ice Cream Shop
  • Online Cooking Classes
  • Become Personal Chef
  • Start a Coffee Shop
  • Start Meal Kit Business
  • Provide Baked Goods
  • Supply Baby Foods
  • Start Jam and Jelly Business

#7. Clothing Business

Clothes are a basic need of humans. And business around basic needs never fails if implemented correctly with the right set of people. The clothing and Fashion industry is growing, but competition is also rising in this space. 

You can lead in this space by updating yourself with market trends and analyzing what is right for your business to grow.

Statistics:

  • In 2020, the Global Fashion and Clothing Industry will be worth $1.5 trillion
  • Globally, the Fashion and Clothing Industry holds 2% of GDP. 
  • Women’s Clothing was the largest segment of the U.S. Fashion and Clothing Market in 2021
  • In the United States, the apparel market is projected to grow by 2.82% annually.

Clothing Business Ideas:

  • Fashion Business Coach
  • Fashion Blogging
  • Fashion illustrator
  • Fashion design company
  • Sell Clothes on Ebay
  • Create and Sell Unique T-shirts
  • Start handbags Business
  • Start Wedding Gown Rental Business
  • Organize Fashion Events
  • Start YouTube Channel for Fashion
  • Start selling baby clothes
  • Become Fashion Consultant
  • Start your own Boutique

#8. Professional Business

Unlike other Occupations, Professionals are always in demand. We all want that our work done by experts. Professionals can be in the Hospital, CA, Law, Engineering, Architecture, Advertising, or expert in any Booming Skill. 

With this, you can easily build your business around providing these services to people. So that their problem gets solved way efficiently. 

Statistics:

  • In 2019 U.S., the totally professional and business service export reached $189 billion. And imports calculated was $76 billion.

Professional Business ideas:

  • Consultation
  • Online Reselling
  • Online Teaching
  • Medical Courier Service
  • App Development
  • Transcription Service
  • Cleaning Service
  • Freelancing
  • CA Firm
  • Digital Marketing
  • Real Estate business
  • T-shirt Printing
  • Personal Training

#9. Advertising and Marketing

Every business wants to reach its potential customers and sell its goods or services. This will be done in digital ads, which is part of Digital Marketing ( A booming Industry now! ). 

As Businesses always want to market their product, the Need for professional marketers and companies will increase to fulfil their goals in this digital space. 

Statistics:

  • In U.S., Political ads spending hit $8.5 billion ( according to Forbes)
  • In the First Quarter of 2021, Facebook generated revenue of over $25 billion in advertising, as per Statista.
  • 35% of all online ad spending comes from video ads ( As per Forbes, Hubspot )

Advertising and Marketing Business Ideas:

  • Advertising Consulting
  • Start 3D modelling and Animation
  • Become Content Developer
  • Start Commercial Photography
  • Start creating Music Videos
  • Develop Advertising Materials
  • Internet Marketing Consulting
  • Market Research Services
  • Start Product Packaging and Branding Business
  • Start Public Relations Agency

#10. Transportation Business

We all order online, and the fastest delivery to get our product at the moment. Transportation plays a major role in making this happen to transport goods from one place to another. Whether it is in the form of Uber, Truck Business, Cabs, Logistics, etc. 

It is a sure shot that transportation will always their, but the way of doing business will evolve with time. 

Statistics:

  • According to IBIS World, In 2019, the transportation and warehousing business market size was $1.3 trillion in the United States.
  •  The Global Transportation Industry is projected to grow at a CAGR of 3.4% by 2027. 
  • The last-mile delivery market is expected to expand at a CAGR of 20.3% from 2021 to 2030

Transportation Business Ideas:

  • Start a Shipping Business
  • Start a Travel Agency
  • Start Vehicle Towing Service
  • Start grocery Transportation business
  • Start a Bicycle Business
  • Junk Removal Business
  • Start Your logistic Business
  • Develop a Transportation service Software
  • Start Your Courier Business
  • Start your own Bike Rental Business

#11. Real Estate Business

House is also one of the basic needs of people. We all want the house to stay and enjoy our life. Real estate is one of the best to invest money and generate passive income. 

With the rise of population, the demand for houses is rising, and its price is also on the boom. So, the Real estate business will be on the way in the future. 

Real Estate Business Ideas:

  • Become Real Estate Agent
  • Start Managing Rental Properties
  • Become Real Estate Photographer
  • Start Real Estate Investing
  • Become Real Estate Broker
  • Start Real Estate Marketing
  • Start your own Real Estate Blog
  • Build a Home Staging Service
  • Start Giving Real Estate Inspections

Conclusions 

There are many businesses that we have not listed, but you know. If a business solves a burning problem for people, it can’t solve it alone. Then we can say that business will stay longer and become a part of people’s lives. 

So now it is your turn. Which business you will think about and build a future unicorn. Lemme know in the comment box.