Hi everyone,
I’m planning to transition out of IT and explore starting something on my own. I don’t have significant savings but can manage a small initial investment. I’ve been looking into the Airbnb business as it seems to be trending currently.

Would this be a good starting point? I’d really appreciate your suggestions or insights.

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Be a devil's advocate and answer these fundamental questions:
1. Why should anyone rent your Airbnb? Does your apartment hold any location advantage?
2. Suppose it has some location advantage how does it differ from other competitors?
3. May be now you have unique value proposition, but can you sustain it through the cost?
4. Can you continue to bear this cost even during lean period without breaking your pocket?
5. You might say yes I did all 4 above, good where will you get investment from? And what is your cash cycle?
6. Suppose all 5 points above are good, now tell me how will someone find your property on Airbnb with thousands around? Is there some algorithm techniques you can explore?

That's the basic framework to go about any business. Good luck.

Good idea

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