[00:02] These are the best types of businesses you can start in 2025. The wise old man, Warren Buffett, says, "Great businesses have in 2025. The wise old man, Warren Buffett, says, "Great businesses have
[00:14] profit margin mean? It means if you sell a product for $5 and it costs you $1, then the margin is $4, or 80%. To calculate the profit margin correctly for any business, do this simple calculation: the selling price
[00:26] minus the cost, then divide the resulting profit by the selling price, and then multiply that result by 100. This is what the equation looks like. The best businesses are those that sell at a high price and have a high profit margin at the same time. Don't be like restaurants, for example, whose profit margin is only 45%. You
[00:42] want to be in the high category of 70%, 80%, or even 90% profit margin. To do that, you need to understand each industry well. That's why I spent a lot of time analyzing the best industries and ranking them in terms of profit margin from lowest to highest.  I'll tell you where to start
[00:56] this year and make this the best year of your life. Click on the related video icon here in the video to see the video on camera.