we often talk about which businesses we should start in order to reach success but has there been a discussion about which industries we should steer clear from? maybe because of how difficult it is to find success in the particular industry and the profit you can get might not be proportional to the effort and time you’ll have to give?
some people say that insurance is a hard industry to get into as well as healthcare and it’s not as easy to make a business out of these two a reason is because they are heavily regulated industries
what do you think? Are there any industries you wouldn’t dare to go into? or you want to try all?
Well IMO it is highly subjective. Every individual has his own preferences. It also depends on the nature of your job in that particular industry.
Also depends on the opportunity that comes up.
Real estate is what I wanted to try, just renting out a space for students in the university nearby. I live around 3 blocks from a university in somewhat a big town. I have seen few house being rent out to students already which if I can convince my system to live with me further and rent out our parents house, I think she can also profit with less work.
I'm gonna try this out and if profitable and we learn how to manage, I think we can build more rooms to the space given to us my our parents.