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by smallgovt
2643 days ago
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When it comes to "safe" businesses, some characteristics you may want to look for are: 1) high margins 2) inefficient operations 3)low barrier to entry 4) ability to drive down costs with technology As an example, the moving business. The current rates are north of $100/hr. They pay their workers minimum wage. They are run by non-techies who drive inefficient ops. Remember that you can always find reasons to NOT get into any business. Successful entrepreneurs are the ones who have the persistence to tackle problems and find creative ways to solve them efficiently. And, those creative solutions often won't be apparent until you pick an industry and dive in. |
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