I meet a lot of people that want to start their own business. The interesting thing is that most of them have little experience in operating a business. Many of them look for the latest trends. They get excited about the idea, and go forward.
One of the latest trends in my area have been food trucks and food carts. Everywhere I look, I now see a food truck or food cart. They are on every corner or vacant lot. They have events they advertise just for food trucks. I recently saw a local church decided to host an event bi-weekly in their parking lot. There were over 20 food trucks that participated.
There are many food trucks, trailers and carts for sale on Craigslist. As well as BBQ smokers that are on trailers. I also see local restaurants that have a food trailer parked in their parking lots to participate in off site ventures. I wonder when the reality starts to hit people that this business idea has too much supply.
A few years ago we had people into buying and flipping real estate. Almost everyone I ran into was trying to buy a house, fix it up, and resell it. It sounded like it was pretty easy the way they explained it. Eventually the bubble popped, and housing prices fell about 20%-30% quickly.
The same is true with internet blogs. I'm in Richmond, Virginia, and we had a guy start RVABLOGS. It was a big hit, and he hosted tons of blogs. Which kept growing in numbers, and eventually the whole thing ended.