With talk of inflation and a failing U.S. economy, it’s no surprise more Americans are looking into the entrepreneurial side of things and wanting to control their own fate. It seems since the Great American Resignation, more people are okay with leaving their jobs and investing in their own business.
To refresh your memory, a record number of people did just that back in 2021. According to the Department of Labor, that year the U.S. broke a number of records. For example: some 4.5 million Americans quit their jobs in November 2021 alone. And 20 million people resigned during the second half of that year.
And at the same time, there were a record number of job openings across the nation. The job market reached a record 6.4 million job openings (the highest number in history for one year). And an unemployment rate of 3.9 percent. Regardless of whether you are walking off the job or ‘quiet quitting’ (only doing the what the job requires), these record-breaking numbers likely attribute to Americans changing their attitudes about their work life. Ultimately, many want to control their own destiny.
That’s why I dug my feet in to find out if investing in your own business is a win, just what are the best businesses to pursue to make a profit. I wanted to take that a step further and find out which businesses are less likely to fail. I was actually somewhat surprised by what I found.
Check out these six businesses that have the lowest fail rates.
Source: Unconventional Acquisitions