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Businesses To Think Twice About Starting In A Recession
Written by: Lee ListerArticle Overview: You’ve recently become unemployed and the idea of starting a business is very tempting. There are a few businesses that you should be wary of starting though. Here are a few and the reasons you should think more than once.
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Free Download - What Type of Business Should I Start? By Lee Lister |
Businesses To Think Twice About Starting In A Recession
You’ve recently become unemployed and the idea of starting a
business is very tempting. There are a
few businesses that you should be wary of starting though. Here are a few and the reasons you should
think more than once.
That Bar In The Sun!
During a rain soaked, wet day, it is tempting to sell up
everything and set up that bar in Spain/Florida/Anywhere sunnier. You’ve been there on vacation and did not
want to come back home. If you take off
the sunglasses and have a good look around, you will see that the bars are open
long hours and the owners are pasty white and tired. That is because you will need to work long
hours and not be able to get out to enjoy that sun. These types of bars are highly competitive
and the opportunity of making a profit is small. Ditto for bars near ski slopes etc.
Bed and Breakfast
The thought of letting out your spare rooms, rattling up a
bit of breakfast and raking in the profits must seem tempting sometimes. First of all you are going to be subject to a
whole pile of health, safety and fire regulations. Then there is the extra insurance in case you
poison your guests or they fall down the stairs! You are going to need a lot more marketing
than putting a vacancy sign in the window – unless you are on the sea or lake
front of course. If all of this does not
deter you then remember that you will be having strangers wondering all over
your house breaking things and the person that says good night at 11pm is the
same one that gets up at 6am to make an early breakfast for them.
Independent Consulting
This sounds a great idea – and for many, me included it
is. You did need to understand that you
will only be earning that great charge out rate for about 40 – 50% of the
time. The rest of your time you will be
chasing work. Factor in spending loads
of time away, working without the support of a large company and you can see
why independent consulting is only for the gifted few.
Good luck at what ever business you choose.
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About the Author: Lee Lister RSS for Lee's articles - Visit Lee's website Lee Lister is a Business Consultant with more than 25 year's consultancy experience for many household names. She is known as The Bid Manager or The Biz Guru. From an early age she began an unparalleled journey through business consulting that continues to span across the UK, USA, Europe and Asia. She has consulted for a considerable number of companies all over the world. Specialising in business change management, start up consultancy and trouble shooting. Lee's experience in marketing and internet marketing is also keenly sought after. She is a prolific published writer of books, ebooks and articles and can easily be found on major search engine and Amazon. Her books include: FastTrack Bid Management, Proposal Writing For Smaller Businesses, How Much Does It Cost To Start A Business, Entrepreneur's Apprentice and a series of Start My New Business books that do as they say in the title! Her major web sites are: Click here to visit Lee's website Build Your List Quickly Be a List Building Tiger How To Write A Good Tender To Win Business Entrepreneurs How Can You Start A Business With Very Little Money Entrepreneurs Critical Mistakes That Will Damage Your Business I Know My Business And Dont Need A Loan So Why Do I Need A Business Plan |
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