What’s better; becoming a cupcake entrepreneur or real estate investor?
The U.S. job market is still sputtering with the employment rate dropping to just 63.3% according ot the latest data. This together with a dramatic shift in thinking among Americans since the downturn has many stepping out on their own to open up their own businesses.
The cupcake industry has become big business in the last year, just as the housing market is rebounding. So what are the differences between starting your own business in these two sizzling industries?
There is no denying that cupcakes can be dreamily delicious. However, the pair of sisters that left high profile jobs at Gucci and in venture capital to open their own cupcake business recently told the press it isn’t just another job; it’s a 24-7 gig.
Some have posed that cupcakes could be a ‘recession proof’ business, though they certainly aren’t insulated against changes in food fads and the rapidly growing diet and fitness industry they are at odds with. Then of course, as with any retail business there is always a high risk of liability and of staff dipping their hands in the register.
Contrast this with wholesaling real estate as an investor. Wholesalers enjoy a ‘career’ that allows them to work from anywhere on their own schedule in an industry that is clearly diet proof and can produce huge incomes and wealth in good and bad economic times.
Get into real estate investing and you will soon be able to afford a lot of cupcakes or be able to open your own store that you can relax at whenever you please, without having to worry about it turning a profit.
Both leading real estate investing gurus and the owners of Georgetown Cupcake will tell you that after investing in your education you’ll still have to summon up the courage to face the unknown and leap in, have a deep passion for what you are doing and be flexible.
