5 Most Profitable Small Businesses to Start in 2023

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1. Pet Services

Net Margin: 40%

The pet services industry is estimated to have a value of $25 billion, and is forecasted to grow to $50 billion by 2030 at a CAGR of 9.1%. It is a highly profitable business market as demand for pets continues to grow across the United States and much of the world. 66.9% of all households in the US own pets as of 2023, with 65 million homes owning a pet dog alone. 

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