Most profitable small businesses in the United States

Oct 06, 2015The Editorial Staff

Are you deciding to enter a small business niche? Consider these fields and keep track of the facts that place them among the most profitable small businesses.

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For any country to prosper in an economic environment, it must have a great number of quality and thriving businesses that could eventually become the most profitable small businesses in the economy. The more entrepreneurship lessons and ideas there are, the more likely top small businesses could emerge. Small ventures are key to the flow of the capital in profitable niches and they also feed the growth of business development.

The dollar threshold of some small businesses requires a business finance, where total investments do not go beyond the mark of $10 million. To achieve the success in your small business and get it ranked among the most profitable small businesses, you must investigate the pretax profit margins of thriving businesses and what makes them do so well in their niches.

A rewarding small business takes time, but understanding your niche is important for your success.

Luckily Sageworks, an accounting consultancy firm, has compiled data of most profitable small businesses in the USA. During almost a decade, the consultancy firm meticulously reviewed over 100 companies, carefully examining their revenues and profits to compile the data. Later, based on these facts and figures, they compiled a list of most profitable small businesses. To provide a better understanding of the niche you want to pursue, we have listed below a few of the most profitable small businesses in the US for the last decade.

List of most profitable small businesses

Sales Financing: On the most profitable small businesses list, it stayed in the number 5 position for a whole 10 years. During that period, the pretax profit margin was 15.1%, which is extremely satisfying for a small business point of view.
Tax Preparing Services: Many people dislike doing their taxes on their own, so for that reason, there are quite a few small companies taking that responsibility on their shoulders and reaping the benefits. During that period, the pretax profit margin of this niche was around 15.2%, enough to motivate new people to enter the field.
Dentist’s Offices: Having a bunch of patients gives them the pleasure of a very good revenue flow. Though some dental equipment costs more, the pretax profit margin of these offices is almost touching 15.4%, hence ranking it 3rd among the most profitable small businesses.
Accounting Services: Accounting services comprise a large group of professionals. An accounting services firm can include tax preparation, financial consultancy, business counseling, and many more. It is a business that transcends many businesses and very large numbers of entrepreneurs and startups are calling on the accounting services for different consultations. Their pretax profit margin is 15.7% for quite a time now, thus ranking it 2nd on the list of most profitable small businesses.
Chiropractors: So the number 1 spot on the most profitable small business goes to the chiropractors. Though not all medical doctors consider them in the same league as they are, sometimes, chiropractors post more profits than the “MDs”. The main reason being that their operating cost is very low compared to some other small businesses. Some question their services, but they don’t care as far as they are getting the cash for it. The pretax profit margin of chiropractors is up to 16%.

Having an entrepreneurial and rewarding small business takes a lot of effort. But if you intend to enter a small business niche, consider the above fields and keep track of the facts that keep them among the most profitable small businesses.

The Editorial Staff

The Editorial Staff at The Business Frontal is a team of writers dedicated to bringing seasoned news stories and how-to business articles to our readers and patrons to help maximize their entrepreneurial potentials.