Accounting firms track income, expenses, taxes, and other financial-related information for businesses and individuals. Accounting services are constantly in demand. Professional accountants determine the financial health of businesses, implement kamalinews tax mitigation strategies, and provide other financial benefits for clients. They also file personal tax returns, providing many of the same services for individuals.

Educational Requirements:

To start an accounting firm, you’ll need at least a Bachelor’s Degree in accounting, finance, economics, or a related field.

After graduating, it will be up to you to decide your accounting career path. While most graduates go on to become a Certified Public Accountant (CPA), there are other options available

Earning Potential for Accounting Firms:

CPAs in the US make an average salary of $70,500 per year. This will depend on the size of the firm, how many accountants are working there, and the demand for accounting services in that area.

Healthcare

The healthcare industry is always in high demand for qualified healthcare professionals. In the healthcare industry, there are so many career paths one can follow. Generally, income follows education, meaning doctors tend to earn more than nurses, and nurses make more than nursing assistants.

Medical Practice

Doctors are responsible for the overall healthcare of the patients under their supervision. They assess a patient’s wellbeing, determine what health problems exist, devise a recovery plan, and prescribe medicines to make the patient well again. For one person, this is a lot of responsibility and the reason doctors can command such a high salary or charge the high prices they do when in private practice.

Private practices are some of the most profitable businesses to start, not to mention some of the best small businesses that make up a community.

Educational Requirements:

To be a doctor, you’ll need to attend four years of college, four years of medical school, and complete between three and seven years of residency training to qualify for medical licensing.

Earning Potential for Medical Practices:

The average US salary for a doctor with a private medical practice is $311,000 per year.

Private Nurse Business

Nurses are responsible for the healthcare and wellbeing of the patients they serve. They help assess a patient’s health and wellbeing, distribute prescribed medicines, administer treatments, and more.

Registered nurses can start their own businesses, such as working as a private nurse, hospice nurse, or as a legal consultant.

Educational Requirements:

To be a registered nurse, you’ll need to attend four years of college, pursuing a Bachelor of Science in Nursing (BSN), and then apply for state licensing.

Earning Potential for Private Nurse Businesses:

The average US income for a private nurse is $65,870 per year.

Outpatient Care Business

Outpatient care professionals are responsible for administering specialized care services to the patients they serve. They help administer MRIs and lab tests, provide counseling and preventative disease information, and more. Outpatient care professionals can start their own businesses, such as safely setting up home health care environments.

Educational Requirements:

To be an outpatient care professional, you’ll need to attend four years of college (typically in a health sciences-related field) and then apply for state licensing.

Earning Potential for Outpatient Care Businesses:

The average US income for an outpatient care professional is $54,391 per year.

Physical Training Business

Physical trainers are alternative health care providers responsible for helping their clients reach their health and wellness goals. They typically work out of gyms, where they assist clients with workout routines and safe practices for building strength and flexibility.

A physical trainer can start their own business, such as providing one-on-one health coaching services for senior citizens.

Real Estate

Real estate investors have many options for generating profits. Buying properties, improving them, and reselling for a huge profit return is just one option. Purchasing rental properties is another avenue a real estate investor might take for generating ongoing passive income.

The most profitable real estate investment companies start small and grow exponentially by reinvesting their profits back into the business.