You Want to Start a Business, but in What Industry? Part 1
That’s probably the first question any entrepreneur ever asks before even thinking of an idea for a startup business. That’s okay, though. It’s strategic. Typically, you’re going to want to consider the industry.
No matter how well you play your cards right — everything from the location, to regulatory compliance, licensure, certifications, hiring, taxes and paperwork, and maybe you’re just plain that good at being a businessman — it ultimately doesn’t matter and your business will fail if the industry isn’t profitable.…