The top growing industries are healthcare support, technology, personal care, food preparation, and community and social service. As such, launching a small business in any of these fields is bound to yield a high return on investment, but remember to take your target market into account. Every small business has the potential to be successful and profitable, provided it’s backed by a strong product-market fit and a robust business plan. An LLC is a more complex business structure than a sole proprietorship and can include individuals, corporations, and other LLCs as members. Additionally, LLCs are not subject to a separate level of tax and offer the business owner liability protection and tax advantages.
- Most stagers eventually build up an inventory of furniture as they become more established and network with area realtors.
- In particular, contractual and relational governance can help mitigate opportunism as well as support communication and information