Grow Your Wealth When You Invest in One of These Types of Businesses

Posted on 20th April 2023

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Many people think of their investment portfolio as a collection of stocks, bonds, and other financial investments. But it can be much more than that. Think of shows like Shark Tank and you will have a better idea of what this can entail. If you’re looking to diversify your portfolio and add some new opportunities to invest in, consider adding one of these basic business types to your investments:

Delivery Fleet Business

If you know how to run a fleet business, and you can offer advice to budding entrepreneurs for scaling, then put your money and your time into investing in a delivery fleet. Delivery drivers are more and more needed not only on a large scale but also on a small scale. It was wise investors who helped companies like Doordash become what they are today.

Delivery fleet businesses are a great opportunity for investors. These types of companies can be profitable and viable, especially when they’re well-run. As an investor, you can suggest that the company use corporate fuel cards and offer other key ideas to help them save on fuel costs which improve your profits. Plus, more and more companies are looking to fleet services using hybrid vehicles that get better gas mileage as well.  Find budding companies with great ideas and leverage your expertise to help them grow.

Cryptocurrency Projects

Investors nowadays are seeing the value of some of these cryptocurrency assets. A cryptocurrency is a form of digital currency that is created and stored electronically. Cryptocurrencies use decentralized control as opposed to centralized electronic money and central banking systems. The decentralized control of each cryptocurrency works through a blockchain to record transactions between users. These currencies often help fund other projects as well. These projects may help move technology innovation forward even more.

AI Tech Companies

AI is a hot topic right now. It’s the technology that will revolutionize our lives and how we do business, but what exactly is AI? Most people think of robots and other sentient creations taking over the world, but the truth is not quite so extreme. AI can be used to automate simple tasks. It can take a repetitive task and do it over and over again at a much faster pace than you can and sometimes with better accuracy. If you’re looking for a good investment, now is the time to invest in AI technology.

Cutting Edge Grocery Stores

Imagine going to a grocery store and just walking out the door with your food without needing to go through a checkout line. A cutting-edge grocery store is one that has a focus on technology and innovation to provide customers with a better shopping experience. A traditional grocery store might have a few touch-screen kiosks, but it’s nothing compared to what you’ll find at an innovative grocery store like Amazon Go. A tech-focused grocery store offers numerous conveniences that people appreciate. The ability to shop and pay as you walk out the door without needing to scan everything is powerful.

Accounting Companies

While accounting and money management are pretty basic, accounting firms are a great investment especially if they offer a new angle that includes technology tools. Accounting firms help businesses get their finances in order if they have a great idea for technology, they may need investors to help them get it off the ground. Look for new ideas, ones that are on trend with technology, and more.

Home Rental Management Companies

You may not want to oversee rental properties yourself, but that doesn’t mean you can’t get a slice of the rental property pie. Investing in home rental companies means that you will be getting some of the profits every month, sometimes from a portfolio of hundreds of different properties. Don’t forget about basic businesses like these when you are considering where to invest your money and grow your wealth.

Cybersecurity Businesses

Cybersecurity is a growing business. Even if you know nothing about data security, what you should know is that with more and more devices that connect to the internet, there is more need for cybersecurity. The value of data is increasing every day, and that means there’s more money to be made to protect it. Because cybersecurity is such an important service for companies today, you can feel confident knowing that demand for these services will remain steady even during economic downturns.