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Ask HN: What's the best business to start in 2022?

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Re: Ask HN: What's the best business to start in 2022?

#2
The best jobs for society seem to be the worst appreciated and compensated.

Corporate tax accountants "earn" orders of magnitude more than janitors and nurses. Media puppets earn far far more than investigative journalists. Lawyers are respected more than teachers, in many ways. It's all absolutely batty.

That said, seems to me the best compensated people, with the least friction in their career, and with the least amount of overt evil done to society seem to be consultants. If you can start a consulting business in some field you can probably do well, financially at least.

I am not a consultant. From here though, it seems like they get paid astoundingly well by large companies that have no real way to measure the outcomes, so you just have to be confident and chipper and give people the feeling that you know what you're talking about and can help them.

Good luck!

Re: Ask HN: What's the best business to start in 2022?

#4

The best jobs for society seem to be the worst appreciated and compensated. Corporate tax accountants "earn" orders of magnitude more than janitors and nurses. Media puppets earn far far more than investigative journalists. Lawyers are respected more than teachers, in many ways. It's all absolutely batty. That said, seems to me the best compensated people, with the least friction in their career, and with the least a…

> with the least amount of overt evil done to society

Debatable. My friends at BCG have a HUGE carbon footprint as they fly around the world to site offices every week.

Re: Ask HN: What's the best business to start in 2022?

#5
post #3

The best business to start is one that really excites you. Starting a business is a serious life commitment, and you will be doing little but working on it. It has to be something inherently rewarding to you.

True, but someone has got to be willing to pay for what you do.

Re: Ask HN: What's the best business to start in 2022?

#6
In my opinion, if you are engaging in the brainstorming method of saying "I want to start a business," that will never get you anywhere.

Starting a business is about seeing a problem, solution, and/or opportunity, and being able to execute it with domain expertise, all at the right time. Of course, it's also about grinding out sales leads and finding paying customers – a lot of is is sinking way more hours into it than you would sink into a 9 to 5.

I don't think this process is successful very often when we use the "daydreaming" method encompassed in the way your question is phrased here.

There aren't a lot of ways to "quit my job real quick." Most businesses are going to involve way more work than a day job, and the ideas can't just come out of thin air or from strangers on the Internet. Frankly, my advice to someone daydreaming is to just look around for more fulfilling salaried work.

Re: Ask HN: What's the best business to start in 2022?

#7

The best jobs for society seem to be the worst appreciated and compensated. Corporate tax accountants "earn" orders of magnitude more than janitors and nurses. Media puppets earn far far more than investigative journalists. Lawyers are respected more than teachers, in many ways. It's all absolutely batty. That said, seems to me the best compensated people, with the least friction in their career, and with the least a…

my partner was a consultant at Bain and regularly worked 100+ hour weeks in a small town outside of Dallas where he ate all his meals at a hotel. The day he left was one of the best of his life!

It's a definitely a lot more than being confident. There's a ton of important data skills, people management and strategy skills involved, and a lot of times your "clients" are not on your side. It's pretty common for a CEO or department head to hire a consultant to work with a department that's not doing well, so the folks you actually end up working with can resent you (especially when they know how much you're getting paid).

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