7 Small Businesses You Don't Want to Start
BY SUSAN WARD
From The Balance: Small Business
The title of this article is a bit misleading. These aren’t the absolutely worst ideas for starting businesses. They were fine ideas for starting a business in their day, as were film developing, video stores, dial-up internet services, and horse-drawn carriages.
But for some, that day is gone and these are no longer necessarily good choices. Some are no longer good choices because their potential markets have been saturated. You can still start a business in a saturated market, but if you do you’ll have to find a specific niche you can target and/or have especially strong skills.
For others, times have changed and no matter how talented you are or how much you love the idea are, your new business is unlikely to be profitable.
From The Balance: Small Business
The title of this article is a bit misleading. These aren’t the absolutely worst ideas for starting businesses. They were fine ideas for starting a business in their day, as were film developing, video stores, dial-up internet services, and horse-drawn carriages.
But for some, that day is gone and these are no longer necessarily good choices. Some are no longer good choices because their potential markets have been saturated. You can still start a business in a saturated market, but if you do you’ll have to find a specific niche you can target and/or have especially strong skills.
For others, times have changed and no matter how talented you are or how much you love the idea are, your new business is unlikely to be profitable.
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