📈 Businesses That Never Fail?!

Side Hustles That Always Will Be In Demand

In partnership with

Learn from Entrepreneurs

Summary

Exploring long-standing businesses reveals that their success stems from enduring demand and smart marketing strategies, offering valuable lessons for aspiring entrepreneurs.

Highlights

  • 🕰️ The Lindy effect suggests longer-established businesses are more likely to succeed.

  • 👓 Eyewear will always be in demand, making it a reliable market.

  • 🏨 Unique hospitality experiences, like boutique hotels and Airbnbs, attract customers.

  • 🍽️ Deli businesses thrive by offering unique, curated products and e-commerce options.

  • 🔨 Construction is essential, with opportunities to buy established firms as owners retire.

  • 🍹 The bar industry benefits from historical charm and pop-up experiences.

  • 💊 Specialty pharmacies can compete with giants by curating unique products.

Key Insights

  • 📈 The Lindy Effect emphasizes that businesses with a long history have proven their resilience, making them safer investments for aspiring entrepreneurs.

  • 🕶️ The eyewear market, projected to reach $215 billion, highlights the consistent need for vision correction and fashionable accessories, indicating a stable business opportunity.

  • 🏨 Starting with innovative hospitality concepts like unique Airbnbs can pave the way for more significant ventures, reflecting the demand for personalized experiences.

  • 🍴 Deli businesses can thrive by creating proprietary products and leveraging e-commerce, showcasing the potential of niche markets in food.

  • 🔧 The construction industry remains vital, with the possibility of acquiring established companies from retiring owners, thus ensuring a steady path to profitability.

  • 🍺 The bar industry thrives on nostalgia and community, suggesting that creating unique experiences can lead to long-term success.

  • 🏥 Specialty pharmacies can differentiate themselves from larger chains by focusing on curation and local engagement, tapping into consumer desires for unique shopping experiences.

Take on 2025 with $10,000

You’ve got big goals for 2025. And HoneyBook has the tools, resources, and bonus prizes to take you there. Join HoneyBook in January for a chance to win.

Quick Fun Story

I was searching for the weirdest business ideas and came across an article. Surprisingly, they included ButcherBox on their list.

In 2015, Mike Salguero, frustrated by how hard it was to find grass-fed beef, launched ButcherBox through a Kickstarter campaign, raising $215,000. His idea? To deliver high-quality, sustainably sourced meats—like grass-fed beef and free-range chicken—straight to people’s doors.

ButcherBox quickly took off, with the pandemic driving demand even higher, and by 2021, the company generated over $550 million in revenue. Built on a foundation of ethical sourcing and convenience, ButcherBox is projected to exceed $600 million in revenue by 2023.

From a simple idea to a market leader, ButcherBox is a prime example of entrepreneurial success.

What to Read

A timeless classic that will change how you approach life. There is a billion-dollar education inside this book.

Shane Parrish, founder of Syrus Partners and Farnam Street

"Poor Charlie’s Almanack": Timeless Wisdom from a Legendary Investor

Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger offers a fascinating deep dive into the mind of one of the most respected investors and thinkers of our time. Charlie Munger, the vice chairman of Berkshire Hathaway and Warren Buffett’s longtime business partner, is renowned for his multidisciplinary approach to decision-making, which draws from fields like psychology, economics, history, and biology.

In this book, Munger shares his wit, wisdom, and life lessons, often underscoring the importance of lifelong learning, critical thinking, and avoiding narrow-mindedness. One of Munger's key teachings is the value of mental models—frameworks from various disciplines that help solve complex problems and make better decisions. For entrepreneurs and business leaders, this approach encourages broad thinking and an understanding of how different ideas interconnect, a crucial skill in today’s fast-changing world.

Beyond investing, Poor Charlie’s Almanack teaches the power of humility, patience, and rationality. Munger emphasizes the need to embrace failure as a learning tool and to always focus on long-term thinking.

This book is a must-read for entrepreneurs and hustlers seeking to build solid businesses and personal lives, equipped with timeless principles that stand the test of time. Munger's wisdom reminds us that success isn't just about financial gains but about cultivating a strong mind and character.

Seeking impartial news? Meet 1440.

Every day, 3.5 million readers turn to 1440 for their factual news. We sift through 100+ sources to bring you a complete summary of politics, global events, business, and culture, all in a brief 5-minute email. Enjoy an impartial news experience.

Reply

or to participate.