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Author Topic: industries not to go to  (Read 292 times)

Offline bitterguy28

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industries not to go to
« on: March 13, 2025, 05:12:18 AM »
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?

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industries not to go to
« on: March 13, 2025, 05:12:18 AM »

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Re: industries not to go to
« Reply #1 on: March 13, 2025, 06:33:32 AM »
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. 

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Re: industries not to go to
« Reply #2 on: March 13, 2025, 02:43:06 PM »
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.
Yeah, it really depends on the person. Some industries might be tough for one but a good opportunity for another. Some fields are hard to break into because of strict rules, competition, or the effort needed, but if you're passionate about it, you might still succeed. So, I wouldn’t completely avoid any industry just pick one that fits your skills and interests.


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Re: industries not to go to
« Reply #3 on: March 13, 2025, 07:55:16 PM »
Anything which has more competition. IMO health care is highly prosperous and you always got the chance to make money because it is impossible to stop people getting sick so it's definitely should be the one but it is highly competitive and needs extra academic skills to become one to associated with or a huge capital to create a business related to health care industry.
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Re: industries not to go to
« Reply #4 on: March 13, 2025, 08:26:31 PM »
Any business that is in high demand and has no season is a good business to venture into irrespective of the location. The healthcare business is one of the businesses one could venture into; it will turn out profitable for them; no matter the location, the demands will still be there because human beings need to be treated when they fall sick.

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Re: industries not to go to
« Reply #5 on: March 13, 2025, 08:37:21 PM »
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.

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Re: industries not to go to
« Reply #6 on: March 14, 2025, 01:52:11 AM »
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.

Good to see that you are actually following your plan and getting initial success. I wish you best of luck for your future venture in real estate or any other area you will chose.
One liitle thing, OP asked about which industries/sectors you do not like ;D 

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Re: industries not to go to
« Reply #6 on: March 14, 2025, 01:52:11 AM »


Offline Rruchi man

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Re: industries not to go to
« Reply #7 on: March 14, 2025, 11:12:47 PM »
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
Industries like healthcare may also be difficult to break into because they have big players already in it who will be active in frustrating every effort of any new person in the business who does not have as much money and connection as they do.

Before getting into such industries, it is important you have the proper connections, legal backing, and finance.
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