There are several young people, college students, housewives who want to earn money by spending few hours in a day or week. I wouldn’t say outright that it’s a bad business opportunity, but given that there is likely a lot of competition within this space and with the prices for second hand smart phones dropping each time a new version of the phone comes out, there will be some unique risks with going into this type of business.
Take a unique spin on your local tour business like Erik from Vantigo He was starting his VW van tour business in San Francisco as just a side business idea while he was still working a full-time job, and grew it to being a sustainable source of full-time income before quitting—now he’s running a multiple van tour business for himself.
Many entrepreneurs never really think critically about what business to go into—they just do it. Maybe they have a little experience in one business, maybe they read an article somewhere about someone who made a lot of money in a particular type of business, and maybe it sounded like a cool and interesting thing to do.
As every business owner aim to be leaner and more responsive, bootstrapping and cost-cutting consultants will have their moments this year – roles, such as energy consultants, Internet startup consultants, and similar others will enjoy substantial growth this year.
It may sound harsh, but in my honest opinion and from my own personal experience, I would strongly urge you NOT to start a business at a time when you don’t have a reliable income, don’t have a savings to rely upon and don’t yet know what you want to start.