When you start out as an entrepreneur, making a profit in your first year can be extremely difficult, especially if your area of business is in an already congested marketplace. If your business is in a specialized sector, though, your chances of turning a profit increase, as people will pay large amounts for specialist work, while some industries will always be in demand irrespective of overall economic performance.
This infographic from All Finance Tax identifies the 10 sectors which are most profitable as small businesses, with the data originating from a 12-month study of numerous business sectors. It will come as no surprise that all the top 10 involve highly specialized work for which people would rather pay for quality than seek the cheapest and quickest option.
Depending on your skill set and your passion, you could establish a business in an industry that promises to return a substantial profit in remarkably quick time. Check out the infographic below to see which small business sectors are the most profitable.