10 Riskiest Businesses to Start (and Sell to) - Part 2

In continuation of my post from yesterday, here are the remaining 5 riskiest businesses to start (and sell to)

Transportation:

• Pay high insurance premiums
• Sensitive to changing oil prices
• Very competitive market
• Challenge to find trustworthy drivers

Apparel Stores:

• Seasons and styles change rapidly
• Dominated by major players
• Need a sizable marketing budget to compete

Restaurants and Bars:

• Are often undercapitalized
• Expensive startup costs
• High staff turnover
• Suppliers expect cash on delivery

Communications:

• Very competitive
• Dominated by large players
• Razor thin margins

Travel Agencies and Tour Operators:

• Customers increasingly going online
• Need to offer special packages which involves research time
• Difficult to convince customers to use an agency vs. online