Is the real estate market going to stumble? If so, would land development not be a good idea for prospective entrepreneurs?
SmarterHousing: High quality student accommodation
SmarterHousing: High quality student accommodation
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on Dec 2nd, 2008 at 12:50 pm
Well, there has been a housing bubble that is bursting.
Land Development still offers a great potential for payout, however:
Pros: High profits, Build up your name well, influence with local and state groups, help shape the future development of a town/region.
Cons: Need lots of capital, High risk, Lots of local/state/fed regulations, very dependent on economic/market forces.
Some of the best entrepreneurships is in the techie fields. Computer/Electronics repair is still in very high demand.
There are lots others. Check out Entrepreneur magazine. They have lists of that stuff and articles all the time.