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Old One said:As an aside, one of the funnest businesses I have been involved with is the pet sitting gig. If you don't mind working holidays and weekends and market the business properly, you can make a very good living with very low overhead. The women we sold the business to back in 1996 has done extremely well with it...the last time I spoke with her (about 18 months ago), she had 6 part-time employees and was focusing on managing/growing the business. She netted just over $50k in 2003...not bad.
~ OO
Not bad at all!
Although I've struggled a bit of late (as denoted by my post a couple weeks ago about alternate income streams), I consider my business to have been successful after a little over a year. And the key has been the same thing: Low Overhead.
After some small, initial capital expenditures (less than a couple thousand bucks), my operating cost is virtually nothing. I've got to buy tapes and and DVD's and such but that's about it. The obvious by-product is that the business costs me nothing to operate when it isn't generating income. As a result, I've made a tidy profit in my first year which puts me ahead of what a lot of startup businesses are capable of.
A store on the other hand has to keep its doors open and lights on and somebody behind the cash register every day. Even if no customers walk in. And all that product that you have to buy with no assurance that people will come purchase it?
*shiver* I just don't have the intestinal fortitude for that sort of thing.