Ten Riskiest Businesses To Start
I was perusing through Forbes and I stumbled across this article from a few days ago.
Now, lot’s of people have the entrepreneurial spirit and work ethic to start a business, but many times they don’t fully think through their business plan, causing them to fail. According to this article, only 44% are still around after 4 years… not a good success rate.
Anyway, this article mentions the top 10 riskiest businesses to start. They are:
1) Transportation - This big category includes taxis, limos, ambulances, hearses and other vehicles for hire.
2) Apparel Stores
3) Restaurants And Bars
4) Communications - Cellphones, personal digital assistants, etc.
5) Travel Agencies And Tour Operators
6) Food Stores - Supermarkets, fruit and vegetable stands, bakeries and other specialty food sellers.
7) Personal Services - Coin-operated laundries, dry cleaners, barber shops, shoe-repair shops and the like.
Auto Repair
9) Trucking
10) Money Services Businesses - Check-cashing outfits, currency dealers and issuers of travelers’ checks.

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