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    Phelps County, NE In the News
    1. Home
    2. In The News
    3. 5 Business Ideas With Low Failure Rates
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    5 Business Ideas With Low Failure Rates main photo

    5 Business Ideas With Low Failure Rates

    August 11, 2024

    Starting a business is always a risk, but some ventures have a reputation for being more stable and less prone to failure than others. If you’re looking for business ideas with a higher chance of success, consider these five options. Each has its unique advantages, but they all share one common trait: a low failure rate.

    Do Your Own Due Diligence
    While these businesses have low failure rates, it's crucial to conduct your own due diligence before diving in. The success of any business is influenced by various factors, including location, market demand, and your personal expertise.

    For example, a laundromat might thrive in an urban area but struggle in a rural setting with low population density. Similarly, the profitability of a vending machine business can vary greatly depending on where the machines are placed.

    Read the full article from Forbes here.

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    Phelps County Communities

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    2. Atlanta

    Atlanta

    2. Atlanta
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    3. Bertrand

    Bertrand

    3. Bertrand
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    4. Funk

    Funk

    4. Funk
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    5. Holdrege

    Holdrege

    5. Holdrege
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    6. Loomis

    Loomis

    6. Loomis

    #phelpshelps

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    Phelps County Development Corporation Icon Nebraska Economic Certified Community
    Phelps County Development Corporation 502 East Avenue P.O. Box 522 Holdrege, NE 68949Phone: (308) 995-4148 pcdc@phelpscountyne.com
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