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The My Wife Quit Her Job Podcast With Steve Chou

490: BEWARE! The 4 Absolute Worst Businesses To Start In 2023 – Family First Friday

The My Wife Quit Her Job Podcast With Steve Chou

[email protected]

Marketing, Business, Entrepreneurship

4.8 β€’ 1.4K Ratings

πŸ—“οΈ 8 September 2023

⏱️ 11 minutes

🧾️ Download transcript

Summary

In this Family First Friday episode, I reveal the worst businesses to start this year. Not every side hustle opportunity is a good one and not every business is suited for every person. Plus, the business landscape is constantly changing and some business models are simply no longer viable. What You’ll Learn Worst Businesses To Start In 2023 How To Avoid Potential Pitfalls And Financial Headaches Why Certain Business Models No Longer Work

The post 490: BEWARE! The 4 Absolute Worst Businesses To Start In 2023 – Family First Friday appeared first on MyWifeQuitHerJob.com.

Transcript

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0:00.0

In this episode, I'm going to reveal the worst businesses to start this year

0:04.1

and beyond. And I'm not normally a negative guy, but this podcast episode is

0:08.1

important because my goal is to make sure you're investing your time and money

0:12.0

wisely. Not every side also opportunity is a good one,

0:15.2

and not every business is suited for every person. Plus, the business

0:18.9

landscape is constantly changing, and some business models are just no

0:22.5

longer viable. What's up, everyone? You are listening to the MyWifeCutor.com

0:26.0

podcast where I teach you how to make money online by

0:28.3

exploring different tools, strategies, and understand how to leverage human

0:31.5

psychology to grow your sales. Welcome to a special segment of the show

0:35.8

called Family First Fridays, where I go solo to give you my thoughts on how to

0:39.6

make money without sacrificing your lifestyle. And if you haven't picked up my

0:43.3

book, the Family First Entrepreneur yet, head on over to MyWifeCutor.com

0:47.8

slash book, fill out the form and get over $690 in free bonuses.

0:52.8

Now just a quick heads up before we start. This episode wasn't recorded to discourage

0:57.4

you, but to empower you because it's all about avoiding potential pitfalls

1:01.2

and financial headaches. Now the first business that I would avoid this year

1:05.5

is retail arbitrage. Retail arbitrage is a business model where you buy

1:09.7

products at low prices from retail stores, whether it's physical or online,

1:14.1

and then resell those items at higher prices on marketplaces like Amazon,

1:18.1

eBay, or Etsy. And the difference between the purchase price and the sale price

1:22.4

is your profit. Now most of you guys probably don't know this,

...

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