More Woes for Entrepreneurs… Maybe

August 31, 2009 at 4:56 pm · Filed under Uncategorized

By Benjamin Blascoe

We are all aware of unemployment’s cold, dark hand lingering about the television, newspapers and web. It is a debacle that America wasn’t really ready for and aren’t really equipped to resolve.

But  like a phoenix rising out of blood sodden ashes, America’s troubles are also fostering entrepreneurs out of just about anybody with an idea. From a cupcake wheeler-dealer in New York City to an ex-clothing designer turned bicycle-bag aficionado, there are new businesses everyday in these turbulent times.

However, here are a few pointers from Vintage Filings for entrepreneurs. While it may be a good time to start a new business, not all industries are booming.

Taken from an article in Yahoo Small Business

By Kelly K. Spors and Kevin Salwen

Troublesome Businesses

  1. Food Service Industry
    1. Restaurants are a very fickle business to run. The profit/loss margin is so fragile, a few too many teenage emplyees’ friends free sodas could make-or-break your monthly earnings. Roughly 65% of restaurants close within the first three years…
  2. Sales – Direct Sales/Cold Calling
    1. A one-time limitless bounty of earnings is now reduced to nothing. While cold-calls and other direct sales platforms sometimes work – NO BODY is buying right now. Sorry Avon lady…
  3. Online Retail
    1. While it is one of the easiest ways to earn money for yourself, online retail has been surpassed by retailers who hopped on the trend and proves rather difficult to get your information in front of these huge companies. i.e. Zappos, ebay, Overstock…
  4. High End Retail
    1. Fortunately or not, it is hip to be ‘cheap’. High-end retail is on its way out, until that economic rainbow comes back for round two.
  5. Traffic-based Web sites
    1. Sites rooted in advertising have to worry about how many people see their web site everyday because the amount of people who visit equals the amount of advertising.

Just a few words of advice from Vintage Filings….

If you are planning on starting a new business, these seem to be the cheapest around and they have 24/7 Customer Service. Vcorp Services

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