Does the United States have a spending problem? Obviously, but I really wanted to talk about how the cost of living crisis is presenting itself in your community. That relates to this article because you can’t squeeze blood from a stone. If all of you have no disposable income, no savings, and a job market that can’t support your current cost of living… What happens if you lose your job? Do you default on loan obligations along with America because we are stretched to the edge. Should we vote in members of congress to pass more tax breaks for private jets?Are mods whack? Let me know in the comments.
Here’s a softball; which industry or market is underserved in the north east United States, specifically Maine? Let’s get a data supported answer. No one’s holding you back but you!
That’s not how you start a small business. Either you figure out a way to carve out a niche in the business you already know, or you look around your community and try to figure out what it needs.
Are they building a lot around you? Maybe there is something in construction. I just wrote in another post about a friend who was starting a cleaning business for real estate agents, cleaning houses, condos, and apartments between tenants/ buyers. Every day there are multiple Craigslist ads for people to do just that. I used to own an ice cream shop (not an example of a cheap business), and the guy who cleaned my windows was an actual meth head, but he showed up every week to wash my windows. Neither one of them had any education or experience, but they both could start businesses.
What do you care about the industries that are in your “region?” You care about what is needed in your immediate community. That’s where you will be operating your business, in your own backyard. Don’t worry about the macro-economy, think about you’re local micro-economy.
If all you’re looking for is a part-time income, even just driving people to the airport can be a good part-time job. I have a list of a dozen people in my neighborhood that will drive someone to the airport for cheaper than Uber or a Taxi. You could do pet-sitting, teach music lessons or do after-school tutoring, you could teach part-time at the local community college, or even high school. Even my neighborhood offers classes taught by residents, who can charge for the lessons.
If you think you’re going to end up on the cover of Forbes, you’re probably delusional, but if all you want to do is make a part-time side hustle, or create a business just large enough to support your family, that’s something people do every day.
Everybody wants me to hand them a blue print, a map to follow, but nobody did that for me. You have to use your brain and figure it out for yourself. You can see that others have done it, so why can’t you? Stop squandering your mental power on excuses for why it’s impossible, and spend that effort on thinking of solutions.