Business to start avoiding starting today

cherry123

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What are those businesses you think are outdated or one can't make a success of it now. And you believe one shouldn't waste money starting them. Selling of data for me , how about you?
 
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eldavis

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Opening a phone boot. Back then there used to be people who sell recharge cards and you can also make phone calls with their number, they usually call them business centers as well. You pay per minute. These days almost everyone has their own phone, its pretty rare to see an adult without a phone, so starting such business now is of no use.
 

Shavkat

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In my city, there are so many businesses that are not feasible anymore, such as laundry, vendors at streets, etc. It needs to learn more about these businesses suitable for the place.
 

Carson20t

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It is difficult to give a comprehensive list of businesses to avoid as the potential for loss can vary depending on a variety of factors such as the industry, location, and the specific company. However, some general tips to avoid potential losses in business include:
  • Avoiding businesses with a high level of competition and low barriers to entry
  • Being cautious of businesses that require a significant investment in inventory or equipment
  • Staying away from businesses with a history of legal or financial trouble
  • Being wary of businesses that rely heavily on one or a few key customers or suppliers
  • Being cautious of businesses that are heavily regulated or that operate in a rapidly changing industry
Additionally, it is important to thoroughly research any business opportunity before investing, including conducting market research, talking to industry experts, and consulting with legal and financial professionals.
 
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