Service businesses are a great way to get started
From my experience I recommend starting a professional service business as one’s first business for a number of reasons:
- Service businesses are hard to scale because they rely on constantly hiring people. So as a service business gets larger usually quality of service and communication declines and prices go up. It’s totally possible for a capable entrant to compete with a large established brand.
- All you need to get going is a professional website, which is super easy to DIY create now with platforms like Wix and tools like MidJourney and ChatGPT.
- As you need staff aside from yourself you usually can subcontract freelancers and you can match their costs with incoming revenue, so minimal capital needed.
From my experience there is always demand for more high quality professional services across almost any service line. If you are high quality, professional and responsive at a reasonable price there are for sure customers waiting for you.