When starting
out on establishing a business, it is important to bear in mind what not to
attempt to avoid the risk of failure. In this post, you can find a compilation
of business opportunities that are least likely to succeed and business ideas
that have the most potential to turn out profitable. You can get more information
about the current trends and business week today
from the Odisha Samaya.
India news today about the riskiest businesses
·
Carpentry
– This occupation has been hit badly in the recent years and the number of
carpenters out of work is constantly increasing.
·
Video
rental stores – This is probably one of the worst ideas for business. With
everything available online either for free or at a very small cost, there are
extremely few people who step foot in a rental store.
·
Launderers
and dry cleaners – India news today
about the laundry and dry cleaning industry show a sharp decline in the usage
of these services. There is already a lot of competition in this field and the
initial investment is too high to take a risk.
Business news today about the most profitable
opportunities
·
Old
age care – With the population explosion and increase in the lifespan of a
person, we have a lot of people in the senior citizen category who need
constant care and support. There is a lot of scope in the area of providing
services for these people.
·
Career
counseling – This is a field where supply is much lesser than the demand. It is
a good opportunity that will bring long-term profits.
