Self-storage is among the 10 best businesses in which to invest this year, according to Inc.com. A recently published article on the website says now may be a good time to launch a new business, and some of the industries Inc. finds most promising are surprising. Self-storage was listed among options such as environmental consulting, mobile-application design, bakeries, ferryboats, online vintage-clothing stores and others.
The article provides detailed descriptions of each of the 10 businesses and explanations as to why they are on the list. Self-storage is considered a good candidate, according to Inc., because:
- The industry is far from saturated, thanks to the insatiable appetite of Americana for acquiring and keeping “stuff.”
- The sub-prime mortgage crisis wasn't particularly hard on the storage business.
- The industry also has low barriers to entry.
Source: Inc.com, The Best Industries for Starting a Business In 2010