Specifically the US but I guess this could be asked anywhere.
I am not of the assumption it is actually possible for any normal person that doesn’t already have millions. The days of an honest mom and pop seem long dead (since at least the 90s, maybe 80s). Or if there are any, they are struggling to even stay afloat.
Like many, I thought I’d always want to start some sort of good business that actually serves a need. I now see that as impossible. I know people who made small niche software in the 80s, ended up making it a decent size company and retired with millions. I do not think anyone could do that today, especially with how tech is now.
I see plenty of scammy tech startups. This isnt what I’m talking about. Imagine a CNC shop starting today. They largely dont exist because no one does engine work anymore and most things are throwaway. Similar thing for any type of repair, none exist because its all throwaway. The only businesses I ever see are reselling things made by slaves in China. No one makes anything (other than 3d printed junk).
I’d be quite surprised if anyone is living decently off a real, honest business that they didnt get millions from their parents to start and that doesn’t exploit the hell out of others.
All you need is an LLC. And those are like $50 to register? After that, how honest you are is up to you. The headlines are full of big companies and flashy names, but there are a lot of people out here working for themselves or with a couple of people at a tiny company.
The issue for me is how to make yourself known, and let people hire you instead of doing it themselves.
Any time I have an idea, I think sure but if I was the client I’d just do this myself. It kind of seems a lot of diy businesses dont make sense because anyone can do it themselves and learn on YouTube.
You overestimate how much most people are willing to DIY. I have done a lot of handyman and tech support work for friends and family, I’ve told them I’m just going to type their problem into YouTube and do what it says. They still act like it’s a magic trick when I fix something.