While a number of small businesses flop in their first year, a safe way to help your new venture be a success is by tapping into the right industry.

From accounting to legal services to real estate -- there are certain industries that tend to see higher profits than others. By analyzing net profit margins of privately held companies over the past 12 months, financial information company Sageworks sought to uncover exactly which industries are the most profitable.

Related: 7 Lessons to Starting a Business

For the second year in a row, accounting and tax s

Two years ago, I quit my job and started my own business at the age of 25.

I was full of hope, optimism, motivation, hustle -- every entrepreneurial cliché you can think of, I had it. But, as the months passed by, things began to change. And not in a good way.

Related: How to Start a Business With (Almost) No Money

Our business wasn’t making enough money to pay the bills, and I saw my life savings begin to circle down the drain. Statistics show that about five out of 10 new businesses fail within the first five years, and I was about to contribute to that statistic before the end of year one.

I was in trouble.

The stress I felt from going broke was truly overwhelming -- unlike anything I have ever felt before. Once the money I had worked so hard to save up st

From your checking account balance to your credit score to the current climate of the stock market -- there are a number of factors that influence a person’s financial choices. And it turns out, the sun might be one of them.

Related: 10 Pieces of Financial Advice I Wish I Knew in My 20s

Of course, when you think of money management and financial decision-making, the last thing that comes to mind is the weather. However, it turns out that burning ball of hydrogen about 92 million miles from us may actually have some influence on our financial decisions.

Conducting a two-year study, researchers from the University o


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Featured Contributors

Deep Patel

Author of A Paperboy's Fable: The 11 Principles of Success

Matt Sweetwood

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U.S. CEO beBee.com • Speaker • Coach • Lumix Photographer

Andrew Medal

Serial Entrepreneur, Digital Strategist, Web Designer, Author, Volunteer
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