Choosing which business to start...

[rtnlsltn]

I've come to a point after being well matured for my age, as well as accomplished, that I am ready to tackle a company. I am experienced in IT (programming, management, technical support, web design, etc) however this field is so flooded right now that I'm not sure starting a business in it is the best idea. I've got what it takes to start a business and run one, I'm just not sure which type will stay steady and not plummet as hard with the economy. Where is a good place to start? Which type of business is a smart but healthy type? I've heard of many people starting with restaurants/night clubs. What do you guys think?

Thanks,

Justin

[HarveyJ]

I reckon you should take a leaf out of Scott Adam's many books, and become an IT consultant to people with pointy hair.

There's almost no cost in the start up, other than incorporation fees, and you'll be able to create most of your own promotional materials yourself. If you're half decent at SEO, you'll have a few clients within a few months.

[rejoice]

asking others about what business you should start is a bad idea... i remember akula telling people to go out and survey people and potential clients to find out what services they find lacking or absent... and then cater something for them... along those lines

[warrensway]

if you provide a great service then do it

[JLeezer]

Restaurants can be a hard and expensive business to get into. I'd approach that one with care and make sure that you go that route only if it is because you LOVE the restaurant industry, not the money...because the money can take quite some time to arrive, if it ever does.

I'm with the others. Depending on your specific expertise, IT consulting can be ridiculously lucrative. Some of the subcontractors that I worked with a Deloitte were making $100k+ in addition to travel expenses and per diem. Of course, these guys were some of the best, but if you are among them, there's some serious money to be made.

[lbrindley]

try GBG it is a work from home and you get to meet alot of people from all over the country in a way it is easy money it just takes time for that money to biuld up. there are alot of people in the business i work for that are making over 100,000 dollars a month

[lbrindley]

all you have to do is buy a bottle of vitamins where as in some other business' you ,ay have to pay a huge amount of money.

[JLeezer]

all you have to do is buy a bottle of vitamins where as in some other business' you ,ay have to pay a huge amount of money.

Check this other thread out regarding the unbelievable offer (sarcasm included for free with product purchase) before "investing".

[Warranties-For-Less]

I've come to a point after being well matured for my age, as well as accomplished, that I am ready to tackle a company. I am experienced in IT (programming, management, technical support, web design, etc) however this field is so flooded right now that I'm not sure starting a business in it is the best idea. I've got what it takes to start a business and run one, I'm just not sure which type will stay steady and not plummet as hard with the economy. Where is a good place to start? Which type of business is a smart but healthy type? I've heard of many people starting with restaurants/night clubs. What do you guys think?

Thanks,

Justin

Greetings Justin,

Well, if I was you, I wouldn't be looking at restaurants or night clubs. First, they are extremely difficult businesses to start, plus very expensive, often a million plus for well extablished existing ones. I have friend trying to sell his night club, and with recession issues, he is not having much luck. Night clubs are tough business given DWI issues, another local bar owner is heading to jail for serving customer who caused head on accident killing herself, as well as a young Mother who she ran into, so think long and hard before considering these businesses.

Good luck to all, Mike