Friday, September 04, 2009

Will Your Business be a Success?

Clients come to the NYS SBDC with business ideas ranging from the norm to the weirdest business you can think of, and then some. While we never want to discourage an individual from following their dream, the reality is that not all small businesses will succeed. Often times the more specialized business ideas have more of a chance than the norm because the norm is what everyone else is doing. Yahoo Small Business recently published an article on the 7 Most Overrated Businesses.

"The problem: Many would-be entrepreneurs are drawn to businesses they like to patronize or the ones that are cheapest and easiest to start. Instead, experts argue, aspiring entrepreneurs should create firms in which they have professional experience so they have a competitive advantage in the market."

So if you were thinking about starting one of these types of business and I have now discouraged you, what can you do now? Well, you can check out the Most Successful U.S. Startups 2008. Or, if you are going for the cheap and easy business, check out Business Ideas on a Budget - 10 Legitimate Businesses You Can Start for Under $20.

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