7 Small Business Ideas Most Likely To Fail

Monday, August 31, 2009 7:27
Posted in category Uncategorized

In an article on Yahoo! Small Business this morning, titled The 7 Most Overrated Small Business Ideas, 3 of the 7 small business ideas mentioned were work-at-home or web-based.
The article states that “many people do a lousy job of picking businesses they can realistically turn into a profitable operation.”
The co-authors go on to say that most aspiring entrepreneurs consider small business ideas that are cheap or easy to set up, or start a business based on a love for the product or service - instead of basing their decision on true profit potential…

Here is the quick list of the 7 small business ideas they consider “overrated”:

Restaurants
Direct Sales
Online Retail
High End Retail
Independent Consulting
Franchise Ownership
Traffic-Driven Web Sites

I’ve highlighted the 3 business models that are “work at home” options, but we could easily add Independent Consulting as a 4th model that can be done from a home [...]

Original post by Lynn Terry

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