Do you have a passion for automobiles? Are you looking to turn that passion into your own car business?
The U.S. automotive industry contributes 3% to the countries. GDP, and employs more people than any other industry.
Automotive business ideas can be fun and rewarding. Some quick tips: focus on a niche audience, provide superior customer service, and market your car business every day.
From car dealerships, to car repair businesses, to selling aftermarket parts online stores, we put together 51 car business ideas that you can start today.
Here's the list:
1. Start an auto detailing business ($6K/month)
Starting an auto detailing business is a great way to start your own business and get in on the action. Auto detailing is one of the fastest-growing industries in America, and it's only going to get bigger as people want their cars to look like they just came off the showroom floor. Plus, you'll have the satisfaction of knowing that you're helping people take care of their most prized possession: their car!
Auto detailing business is a low barrier to entry entrepreneurship opportunity and can be mobile or operate from a physical location. To start an auto detailing business, find a strategic location and invest in modern auto detailing equipment and technology.
How Much Can You Make?
$3,000 — $6,000/month
View all 3 case studies
Average Initial Investment
$2,666
Time Commitment Per Week
Min. 8 hours/week
Skills
Customer Service Skills
Business Savvy Skills
Planning
Handy
Marketing
Problem Solving
Time Management
Attention To Detail
Organizational
Interests
Outdoors
Work
Sales
Tech
Business
Finance
Case Study
My name is Matt Paskow. I started a mobile auto detailing business called Fresh Look Mobile Auto Detailing which services North County, San Diego.
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2. Start a car rental business
Car rental can be a profitable venture if you are passionate about starting a business in the auto industry. Retail and corporate are the main segments within the car rental industry. Retail car rentals focus on individuals who rent cars for shorter periods, while corporate car rental targets companies that want to transport clients or employees.
If you are starting a car rental business, target airports, hotels, railway stations, commercial offices, and other high-traffic areas.
Market your business, hire employees who will manage the operations and keep records, and purchase business insurance for both cars and employees.
How Much Can You Make?
$2,000 — $583,333/month
View all 3 case studies
Average Initial Investment
$25,000
Skills
Writing & Research Skills
Design Skills
Business Savvy Skills
Customer Service Skills
Self Motivation Skills
Case Study
We are Taylor Hood and Gretchen Bayless, founders of ROAMERICA. A company that specializes in adventure vehicles, including 4wd campervans.
—
How We Started A Camper Van Rental Business and Quit Our Full Time Jobs ➜
3. Start an auto electronics shop
How Much Can You Make?
$1,000,000 — $1,200,000/month
View all 2 case studies
Average Initial Investment
$27,500
Time To Revenue
330 days
Skills
Self Motivation Skills
Customer Service Skills
Business Savvy Skills
Case Study
My name is Johnathan Price, Owner of Down4soundshop.com, we distribute car audio products worldwide to fellow car audio fanatics. Mostly which consists of doing it yourself people that enjoy building their own systems with their friends.
This is my 4th year in business doing this full time and we are projecting to break 10 million dollars in sales.
—
How I Started A $1M/Month Brand Dedicated To Car Audio ➜
4. Start a podcast for car enthusiasts
How Much Can You Make?
$419/month
View all 1 case studies
Average Initial Investment
$3,111
Skills
Writing & Research Skills
Business Savvy Skills
Self Motivation Skills
Case Study
Over 150 high-end vehicles glistened in the sunlight, Porsches, Lamborghinis, Ferraris, Mercedes, all polished and lined up in neat rows.
My colleagues do an amazing job with their contributions to our overall automotive journey. On that note, I’d like to take a moment to put a special “thank you” out to all of the Cars of Carlisle team members, emphasizing how much I value everything they give to the business. In two years, I went from a dozen downloads and investing five figures of my own savings to now an annual revenue that is increasing, while downloads are exceeding 12,000.
—
How I Created A Profitable Podcast For Car Enthusiasts ➜
5. Start a vehicle exports business
How Much Can You Make?
$2,300,000/month
View all 1 case studies
Skills
Design Skills
Business Savvy Skills
Self Motivation Skills
Negotiation Skills
Case Study
I am the founder and President of Marshal Group LLC, a licensed Illinois dealer specializing in exporting vehicles from the U.S. and Canada to destinations abroad.
Our first full year, 2008, we had $26MM in gross sales, working from the bedroom of my house with myself and my mom as the only two employees. Sales slowed in 2009 with the recession but from 2010 to 2015 we grew each year peaking at $50MM in sales and 650 vehicles sold.
—
How I Started A $2.3M/Month Business Exporting Vehicles Abroad ➜
6. Start an online car sales business ($491K/month)
How Much Can You Make?
$491,000/month
View all 1 case studies
Average Initial Investment
$20
Skills
Business Savvy Skills
Customer Service Skills
Self Motivation Skills
Business model
E-Commerce
Case Study
Hey Starter Story, we are Eric and Valerie Mitz and we're the founders of The Clunker Junker Cash For Cars; We also happen to be husband and wife! We pitch The Clunker Junker as a quick and easy way to sell your junk or used car.
We've been able to grow The Clunker Junker into a business that generated close to $6 million in revenue in 2020 with a net profit of $4.1 million. We've had a lot of fun, cried a lot of tears, and met some interesting characters along the way. Ultimately the business has completely changed the course of our lives.
—
How We Built A Platform To Buy Used Cars And Grew It To A $6M/Year Bu... ➜
7. Start a taxi cab company ($250K/month)
How Much Can You Make?
$250,000/month
View all 1 case studies
Skills
Self Motivation Skills
Customer Service Skills
Business Savvy Skills
Business model
Consulting
Case Study
My name is Albert Williams. I am the President and CEO of The Best Deal Group of Companies. located in the Boogie Down Bronx. Best Deal is a transportation company, who specializes in local community transportation, Corporate Transportation as well as Non Emergency Medical Transportation (NEMT).
Below is a picture of our cars gathered to pick up 30+ passengers for one of corporate accounts
—
8. Start an aftermarket car parts business ($116K/month)
How Much Can You Make?
$45,000 — $187,000/month
View all 3 case studies
Average Initial Investment
$39,999
Skills
Business Savvy Skills
Self Motivation Skills
Customer Service Skills
Business model
Brick & Mortar
E-Commerce
Case Study
Hey everyone! My name is Mitchel Matthews and I am a 22-year-old entrepreneur. I am the owner/founder of Adrenaline Offroad which is an eCommerce store for aftermarket vehicle accessories! We mainly focus our expertise in the realm of automotive LED lighting accessories. Our products are built for a person who will endure hardcore offroading situations with their vehicle all the way to people who attend multiple shows per month in their show trucks! Some of our most popular products being our RGB+W underglow/rock light & LED wheel ring lights. In just over a year of quitting my job to pursue my passion for truck mods full time, I am so beyond proud & excited to be making 5x the amount of money that I used to make per month!
Pictured above is our most popular bundle kit called “The UFO GLOW Bundle Kit”
—
How I Started A $12K/Month Aftermarket Vehicle Accessories ➜
9. Start an auto repair business
There are many people who just love to tinker with, fix and repair cars. This is an all-consuming hobby for some people. They like to take things apart and figure out how things work. The process of fixing and repairing cars is almost therapeutic for them.
An auto repair business is a rewarding way to make extra money, or to build an entire business around.
You can do it in the comforts of your own home, working around your schedule and getting paid handsomely for it. The United States automotive service market is expected to reach $75B by 2026.
10. Start a mobile mechanic service
Mobile mechanic services are a great business to start in any area that needs quick repairs and service. You can do this part-time or full-time. You can work for a shop or run your own business. This setup makes it possible for you to work independently setting your own hours and choosing what areas you want to go to.
Automotive Repair & Maintenance Service Market is estimated to reach $810B by 2026. Starting your own mobile mechanic service may seem crazy but it might just be the thing you are looking for. If you dream about running your own business and having the opportunity to do something you love then a mobile mechanic business is the right thing to do.
11. Buy a towing truck
A tow truck is a truck fitted with winches and hoist mechanism for freeing and pulling stuck, broken or damaged vehicles. The tow truck businesses make money by charging customers for tows.If you have a passion for the automobile industry and considering the best truck business ideas, then starting a towing business would be an ideal choice.
In order to secure repeat customers, serve vehicle owners well, and work with garage owners and insurance companies.
12. Start an auto electrical repair business
Auto electrical repair businesses diagnose and replace faulty electrical components such as alternators, starter motors, and batteries. The repair technicians have the skills to locate electrical shorts, grounds, and resistance, using multimeters, OBD, and other dealer-specific software scan tools.
Are you an aspiring entrepreneur looking to invest in the auto electrical service and repair business? Starting an auto electrical repair and diagnosis business can be a profitable and fun venture.
More business ideas
- 13. Start an auto insurance company
14. Start an ac repair business
Research shows the HVAC market will grow at a CAGR of 6.1% and reach $82.5 billion in the next few years.
The growing construction business in major emerging economies and the ever-increasing end-user markets such as data center markets are some of the major factors driving the growth of the HVAC services market.
Like other electrical appliances, HVAC units break often and require regular maintenance. As a result, the demand for HVAC repair is high.
Therefore, starting an AC repair business can be profitable. To start, you need a skilled AC repair technical team. Target commercial and residential customers, and market your business online as most people search for AC repair services through the web.
How Much Can You Make?
$200,000 — $1,878,618/month
View all 3 case studies
Average Initial Investment
$10,342
Skills
Business Savvy Skills
Customer Service Skills
Self Motivation Skills
Negotiation Skills
Case Study
Hi, I’m Bill Spohn, President, CEO, and majority owner of TruTech Tools, LTD. Eric Preston is my trusted business partner. Our business continues to grow as we complement each other's personalities so well. TruTech is one of the largest online stores in the niche market of tools and test instruments for Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC/R) Technicians. We are also the major supplier to a smaller market of technicians that do energy audits and assess building performance, including indoor air quality. We serve customers in the US and Canada.
I founded the company with Jim Bergmann, Jr, and his dad, Jim Sr. (who passed in 2016). The business was intended as a retirement “hobby” for Jim Sr. as both his son and I had full-time jobs. After I bought them out (with Eric noted above) in 2014, we have continued to have a great relationship with Jim Jr. and have continued to build each others’ businesses. The interesting thing is, I have always worked remotely (100 miles away) from the majority of the staff at the offices/warehouse.
—
How We Started A $1M/Month Business Selling HVAC And Energy Auditing ... ➜
15. Start an airport bus shuttle services
An airport bus shuttle service transports people and luggage to and from or within airports. An airport shuttle service can be profitable to operate.
If you plan to start an airport bus shuttle, focus on building alliances and partnerships with companies and local businesses that will supply you with customers.
16. Start a school bus shuttle
In today’s busy time, parents struggle between managing their professional life and kid’s daily schedule. It can get difficult for parents to take out time from their busy schedule to dropping off & pick up their kids from school daily. Plus, school kids will also need to travel for extracurricular activities like arts, music, or sports.
School bus shuttles ensure the convenience and safety of school children while traveling to school. Therefore, starting a school bus shuttle business can be profitable. You may associate your bus to any school or reach out to parents in your neighborhood.
17. Start a campus bus shuttle service
A campus bus shuttle service is excellent for getting students and campus staff to and from class as efficiently as possible. Many campuses provide the bus shuttle service through a partnership with a private transport operator.
To start a campus shuttle service, collaborate with the campus administration, so you are allowed to operate within the campus.
18. Become an used car dealer
How Much Can You Make?
$491,000/month
View all 1 case studies
Average Initial Investment
$20
Skills
Customer Service Skills
Crafty Skills
Case Study
Hey Starter Story, we are Eric and Valerie Mitz and we're the founders of The Clunker Junker Cash For Cars; We also happen to be husband and wife! We pitch The Clunker Junker as a quick and easy way to sell your junk or used car.
We've been able to grow The Clunker Junker into a business that generated close to $6 million in revenue in 2020 with a net profit of $4.1 million. We've had a lot of fun, cried a lot of tears, and met some interesting characters along the way. Ultimately the business has completely changed the course of our lives.
—
How We Built A Platform To Buy Used Cars And Grew It To A $6M/Year Bu... ➜
19. Start an electric car charging station
As EVs become more prevalent on the road, we expect the demand for charging stations to increase. You may be interested in setting up electric vehicle charging stations at shopping malls, residential areas, and commercial centers.
The EV charging business is typically a low capital and operational cost business. The EV charging stations also require less human resources, and you can manage them with less intervention.
If starting the EV charging station business, choose convenient locations and a variety of chargers to suit the motorist's needs.
Average Initial Investment
$500,000
Skills
Business Savvy Skills
Self Motivation Skills
Customer Service Skills
20. Start an auto paint shop
Auto painting is a proven and stable industry that can be very profitable if run well. Starting a professional automobile shop is not as difficult as it may seem. However, you will need a trained and experienced employee and proper auto painting equipment to run a successful business.
Consider a joint venture with an existing automotive repair shop that does not offer auto painting service as a strategy for reducing the startup investment to get your automobile painting business running. A partnership minimizes the startup investment and reduces the monthly operating expense significantly.
What is the best car business to start?
When it comes to starting a car business, there are many different options to choose from. You could open a new dealership, start a used car lot, or even open a service center.
However, not all businesses are created equal.
If you're looking for the best car business to start, here are a few factors to keep in mind.
First, consider the competition in your area. If there are already several established dealerships, it might be tough to break into the market. Similarly, if there are no other service centers nearby, customers may be hesitant to entrust their cars to a new business.
Second, think about your target market. Are you targeting luxury car buyers or budget-conscious consumers? Depending on your audience, you might want to focus on different types of cars.
Finally, make sure you have the capital and resources necessary to get your business up and running. Starting a car business can be a big undertaking, so you'll need to make sure you have the financial backing to see it through.
With these factors in mind, you should be able to choose the best car business to start.
How to start a car service business?
So, you want to start your own car service business? Whether you're looking to provide essential maintenance services or luxury detailing, there are a few key considerations that you'll need to take into account.
First and foremost, you'll need to obtain the proper licenses and insurance. This will vary depending on your location, but it's important to make sure that you're fully compliant with all applicable laws.
Next, you'll need to choose a suitable location for your business. If you're planning on providing mobile services, then you'll need to factor in things like vehicle storage and client accessibility.
Finally, you'll need to assembled a team of qualified technicians. This is possibly the most important part of starting a car service business, as your employees will be the ones actually performing the work.
With these key considerations in mind, you should be well on your way to starting a successful car service business.
How can I grow my car business?
If you're looking to grow your car business, there are a few things you can do to make it happen. First, think about ways to increase your customer base.
This could mean marketing to new demographics or offering additional services that appeal to your target audience.
You can also work on building relationships with existing customers, so they keep coming back to you for their car needs.
Another way to grow your business is by expanding your operation. This could involve opening additional locations, hiring more staff, or increasing your inventory.
By taking steps to grow your business in all areas, you'll be well on your way to success.
- 22. Start a vehicle registration agency
- 23. Start a driving school
24. Start a car wash
As more people purchase vehicles, the demand for carwash services will keep increasing. Starting a car wash can be the ticket for the budding entrepreneur looking for an innovative business idea with low startup costs.
You must choose an ideal location and invest in quality car wash equipment to operate a successful car wash. Proper advertising and marketing are critical to running a successful car wash business.
How Much Can You Make?
$3,000/month
View all 1 case studies
Average Initial Investment
$5,000
Skills
Design Skills
Business Savvy Skills
Customer Service Skills
Crafty Skills
Self Motivation Skills
Case Study
Hi Starter Story! My name is Joey Sanchez and I'm the founder of Wolf's Auto Detailing in Phoenix, Arizona. We are a mobile auto detailing service that focuses on quality work and convenience. We specialize in interior detailing, Paint polishing, and ceramic coating just to name a few.
While our client list consists of many different types of vehicles and personalities, they all share one thing in common: they all understand the value of quality work. We hold our standards very high and measure our success not only in dollar amounts but in the satisfaction of our clients. However, making $3K a month only working 3 days a week isn't a bad deal!
—
How I Started A $36K/Year Auto Detailing Business Working 3 Days Per ... ➜
More business ideas
- 25. Start an upholstery business
- 26. Start a car tracker installation business
- 27. Start a headlight restoration business
- 28. Become an auto locksmith
- 29. Start a car advertising business
- 30. Start a vehicle licensing brokerage service
- 31. Start a gas station
- 32. Start an auto interior shop
- 33. Become a diesel supplier
- 34. Start a car battery shop
- 35. Start a mobile oil change business
- 36. Start a lubricant oil retail shop business
- 37. Start a Tire Store
- 38. Start an auto body shop
- 39. Start a mobile windshield repair business
- 40. Start a car window tinting business
- 41. Start an intra state bus shuttle service
- 42. Start a cross country bus shuttle service
- 43. Start an inter state bus shuttle service
44. Start a transport and logistics business
How Much Can You Make?
$125,000/month
View all 1 case studies
Average Initial Investment
$10,000
Skills
Business Savvy Skills
Customer Service Skills
Self Motivation Skills
Negotiation Skills
Case Study
Subscribe: https://www.youtube.com/c/NathanLatkawatchSemiCab CEO Ajesh Kapoor: Make transportation a competitive advantage... Visit them: www.semicab.comSee ...
More business ideas
- 45. Start a limo service
- 46. Start a charter bus service
- 47. Start a roadside breakdown or car accident app business
- 48. Start a break replacement & repair service
- 49. Start a car review blog
- 50. Start a classic car restoration business
- 51. Start a corporate car service
Pat Walls,Founder of Starter Story
Want to start your own business?
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FAQs
Which car business is most profitable? ›
- Auto Interior Shop.
- Lubrication Oil Retail Shop.
- Car Wash Business.
- Vehicle Licensing Brokerage Service.
- Rental and Ride-Sharing Cars.
- Car Accessories Store.
- Automobile Repair Service.
- Driving School.
- Content creation. ...
- Personal or virtual assistant. ...
- Event planning services. ...
- Errand/concierge service. ...
- Professional reviewer. ...
- Social media consultant. ...
- Etsy shop. ...
- Online courses and tutoring.
- Use a rideshare app. ...
- Work with a food delivery service. ...
- Shop for groceries. ...
- Wrap your car with advertising. ...
- Help move large objects. ...
- Rent your vehicle out. ...
- Deliver for Amazon. ...
- Operate as a shuttle service for children.
- Interior Design and Decoration. This one is for the creative souls! ...
- Pharmaceutical Businesses. ...
- Organic Farming. ...
- Labour Contractor. ...
- Cloud Kitchen. ...
- Fashion Accessories. ...
- Photography. ...
- Exclusive Plant Nurseries.
- Simple Service Businesses. There are a lot of simple service businesses that you can start with no money. ...
- Selling Your Talents. ...
- Internet Businesses. ...
- How to Start Almost Any Business With No Money. ...
- Conclusion. ...
- For More Business Ideas.
- Pet Sitting. Hero Images / Getty Images. ...
- Residential Cleaning Services. Paul Bradbury / Getty Images. ...
- Delivery Services. PeopleImages / Getty Images. ...
- Grass Cutting and Snow Removal Services. Kativ / Getty Images. ...
- Scrapbooking. ...
- Hauling Services. ...
- EBay Selling. ...
- Gutter and Siding Cleaning.
Financial services, which includes services ranging from accounting, bookkeeping, and tax preparation, are constant in-high-demand – even when the economy isn't doing that well.
What are the top 10 most successful businesses? ›- #1 Apple Inc. (AAPL)
- #2 Microsoft Corp. (MSFT)
- #3 Industrial And Commercial Bank Of China Ltd. (IDCBY)
- #4 China Construction Bank Corp. (CICHY)
- #5 Alphabet Inc. (GOOGL)
- #6 Agricultural Bank of China Ltd. (ACGBY)
- #7 JPMorgan Chase & Co. ...
- #8 Alibaba Group Holding Ltd.
1. Sole Proprietorship. A sole proprietorship is the most basic – and easiest – type of business to establish.
Which business is growing fast? ›| Rank | Company Name | Net Profit growth(%) |
|---|---|---|
| 1 | Sulzer India | 163.4 |
| 2 | Oil Country Tubular | 212.7 |
| 3 | Tata Sponge Iron | 159.8 |
| 4 | Zydus Wellness | 166.9 |
What is the simplest type of business? ›
A sole proprietorship is the easiest and simplest form of business ownership. It is owned by one person. There is no distinction between the person and the business.
What are 5 small businesses? ›- Health Care and Virtual Medicine. ...
- Accommodation and Food Services. ...
- Arts, Entertainment, and Crafts. ...
- Personal Trainers (online) ...
- Site building and web design. ...
- Local Auto Repairs. ...
- Secondhand (Online) Stores. ...
- Pet services.
Financial Services
The financial service industry has created the most number of millionaires since modern times, according to the Wealth Report. In the business of money, people make a lot of money. Behind the most successful ventures in the world are people and organizations skilled in deploying and growing money.
Youtube Channel (Food, Travel, Lifestyle) Graphic Designing. Web Development Services. Starting an Ecommerce Business.
What business is most likely to succeed? ›- Accounting and payroll services. Financial institutions like accounting and payroll services come with low overhead, which is a huge plus for a startup business idea. ...
- Real estate. ...
- Rental companies. ...
- Restaurants. ...
- Bakeries. ...
- Ecommerce.
- Use automotive masking tools you can trust to increase productivity. ...
- Give monthly discounts to attract new customers. ...
- Reward your most loyal customers. ...
- Invest in technology. ...
- Always do a perfect job.
What is a Good Profit Margin in the Auto Industry? Between 2015–2020, the average profit margin for major automotive companies worldwide was nearly 7.5%. Profitability varies from company to company, but generally, premium car brands, like BMW, will observe higher profit margins than general and budget brands.
How can I make $300 fast? ›- Take online surveys.
- Get paid to watch videos online.
- Share your internet activity.
- Register for one-off jobs.
- Sell some stuff.
- Become an Uber driver.
- Teach English online.
- Start a money-making blog.
- Pick up freelance work online. ...
- Test websites and apps. ...
- Pick up tasks on Amazon's Mechanical Turk. ...
- Take surveys for money. ...
- 5. Make money from your blog as an affiliate. ...
- Sell your wares on Etsy. ...
- Get advertising revenue from your blog or YouTube channel. ...
- Become an Instagram influencer.
- Write or edit web content. There are different businesses and blogs that may need regular content added to their sites. ...
- Update websites. ...
- Manage a local business's social media account. ...
- Be a tutor. ...
- Babysit. ...
- Walk dogs. ...
- Teach an instrument. ...
- Drive for a ride-hailing service.
What business can I start with 5k? ›
- Tutoring or Online Courses. ...
- Make a product and sell it online. ...
- Open a consulting business. ...
- Create an app or game. ...
- Become a real estate mogul. ...
- Virtual Assistant.
- 1) Outsourcing business. ...
- 2) Internet of things (IoT) industry. ...
- 3) Rise of co-working space. ...
- 4) 3D printing. ...
- 5) Consumer goods and services business. ...
- 6) Business in real estate. ...
- 7) Healthcare industry.
- Work as a Freelancer.
- Start a Blog.
- Start a Podcast.
- Make YouTube Videos.
- Make Money with Instagram.
- Work as a Consultant.
- Make Money Selling eBooks.
- Make Money Selling Online Courses.
- Make a business plan.
- Secure funding.
- Surround yourself with the right people.
- Follow the right legal procedures.
- Establish a location.
- Develop a marketing plan.
- Build your customer base.
- Plan to change.
- Personal Trainer. For athletically inclined entrepreneurs, you can start a personal training business out of a home gym. ...
- Author. ...
- Coffee Cart. ...
- Antique Dealer. ...
- Clothing Designer. ...
- Jewelry Maker. ...
- Glassblower. ...
- Photographer.
- Shapewear.
- Travel accessories.
- Healthy and beauty products.
- Smart watches.
- Health Care.
- Skin Care.
- Hobbies and Craft.
- Lamps and Shades.
- Create an Affiliate Website. ...
- Launch an Insurance Company. ...
- Start a Business Consultancy Service. ...
- Develop an Eco-Friendly Business. ...
- Launch a Digital Marketing Agency. ...
- Start a Highly-Rated Legal Service. ...
- Launch Content Writing Services.
| Rank | Name | Revenue USD millions |
|---|---|---|
| 1 | Walmart | $500,343 |
| 2 | State Grid | $348,903 |
| 3 | Sinopec | $326,953 |
| 4 | China National Petroleum | $326,008 |
i am current business owner in forever living international company . it is a multinational company successfully work in 160 countries around the world.
What are the top 3 businesses in the world? ›- #1 Walmart Inc. (WMT)
- #2 China Petroleum & Chemical Corp. (SNP)
- #3 Amazon.com Inc. (AMZN)
- #4 PetroChina Co. Ltd. (PTR)
- #5 Apple Inc. (AAPL)
- #6 CVS Health Corp. (CVS)
- #7 Royal Dutch Shell PLC (RDS. A)
- #8 Berkshire Hathaway Inc. (BRK. A)
What is the cheapest form of business? ›
An LLC is the simplest option because it does not require you to form a board of directors or hold annual meetings. It also offers "pass through" tax advantages, which let you treat corporate profit as individual income without having to pay corporate taxes as well.
What are at least 2 things needed to start a business? ›- Idea backed by market research.
- Business plan.
- Funding and bank account.
- Business structure (corporation, LLC, etc.)
- Doing business as (DBA) name.
- Employer identification number (EIN)
- Business location.
- Licenses and permits.
- Residential remodeling. ...
- Home health care. ...
- Animal care and services. ...
- Digital events. ...
- Wedding businesses. ...
- Neighborhood or online nursery businesses. ...
- Tutoring and online learning. ...
- Food delivery.
- Global Airport Operation. 2022-2023 Revenue Growth: 47.2% ...
- Global Hotels & Resorts. ...
- Global Travel Agency Services. ...
- Global Tourism. ...
- Global Airlines. ...
- Global Casinos & Online Gambling. ...
- Global Commercial Aircraft Manufacturing. ...
- Global Semiconductor & Electronic Parts Manufacturing.
- Cloud Computing. ...
- Biotechnology. ...
- Data Analytics. ...
- Artificial Intelligence. ...
- Real Estate. ...
- Green Energy. ...
- Pharmaceuticals. ...
- Internet of Things.
- Manufacturing.
- Artificial Intelligence.
- Data Science and Analytics.
- Biomedical and Biotechnology.
- Mental health.
- Tourism and Hospitality.
- Digital and Internet Marketing.
- Enrol with MDIS Singapore.
| Rank | Company Name | Net Profit growth(%) |
|---|---|---|
| 1 | Sulzer India | 163.4 |
| 2 | Oil Country Tubular | 212.7 |
| 3 | Tata Sponge Iron | 159.8 |
| 4 | Zydus Wellness | 166.9 |
- Healthcare and Insurance Sector. ...
- Renewable Energy Sector. ...
- IT Sector. ...
- Real Estate Sector. ...
- Fast Moving Consumer-Goods Sector (FMCG) ...
- Automobile Sector.
| Rank | Industry | Employment |
|---|---|---|
| 2020 | ||
| 1 | Motion Picture and Video Exhibition | 61,000 |
| 2 | Performing Arts and Sports Promoters | 91,800 |
| 3 | Scenic/Sightseeing Transportation, Land | 9,100 |
It is predicted that businesses that are based on collaborative economy models will enjoy immense success in the next few years. Some good examples are Airbnb, Uber, Ola and Lyft. These types of businesses not only help the final customers, but also assist the service providers and ultimately make commissions.
What small companies grow fast? ›
| S.No. | Name | Sales Qtr Rs.Cr. |
|---|---|---|
| 1. | Bhansali Engg. | 337.41 |
| 2. | Marksans Pharma | 433.77 |
| 3. | Fiem Industries | 444.55 |
| 4. | TD Power Systems | 204.54 |
- Social Media Consulting. ...
- Senior Care Services. ...
- Smart Product Development. ...
- Organic Beauty Products. ...
- Healthy Fast Food. ...
- Healthcare Consulting. ...
- Crowdfunding Consulting. ...
- Wheelchair Repair.
- Healthcare. The healthcare industry is one of the most profitable worldwide. ...
- Renewable Energy. ...
- Cybersecurity. ...
- Cloud Computing. ...
- Data Science. ...
- Artificial Intelligence. ...
- Drones.
Banking Sector: Experts predict that the financial sector, banking in particular will do very well. The expectation is that the credit growth from 6% to 8% will likely hit double digits, making banking a good sector to invest in.
What sectors to buy now? ›- Health care. Communication. services. Materials. Real estate.
- Industrials. Information. technology. Utilities. Consumer. discretionary.
- Financials. Consumer. staples. Energy.