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THEVENTUREROOM
BORING!
?
3 BORING UK BUSINESSES THAT ARE GENERATING MILLIONS A YEAR
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THE BREAKDOWN
1. S. NORTON & CO.
BUSINESS: Scrap Metal Recycling
TURNOVER: £450M+
Most people see scrap metal as junk, this company sees it as supply. Founded in 1962, the business collects, processes and distributes around 1.5M tonnes of recycled metal every year across the UK.
WHY IT WORKS:
Metal is always needed for construction, manufacturing, infrastructure, cars, machinery.
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2. PARKING EYE
BUSINESS: Parking Management
TURNOVER: £60M+
The company helps private landowners manage car parks through cameras, payments and parking enforcement, without having to operate the system themselves.
WHY IT WORKS:
Car parks are everywhere. Supermarkets, retail parks, hospitals, leisure centres.
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3. RENTOKIL INITIAL
BUSINESS: Pest control
TURNOVER: £4.8B
Nobody dreams of dealing with rats, insects and infestations. But every restaurant, hotel, office, warehouse and supermarket needs pest control.
They turned a boring necessity into a business.
WHY IT WORKS:
It solves an urgent, repeatable problem.
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THE LESSON
The reason these companies are making so much money is because they all solve problems that are constant, necessary and hard to ignore.
Which of these businesses do you think is the most boring?
THANKS FOR READING