Is It a Good Idea to Start a Business if There Is No Competition at All?

Today's question comes from Taher, who asks, “Is it a good idea to start a business if there is almost no competition at all?” Do you have a question about starting a business? Record it at http://www.askpat.com/. Today’s sponsor is FreshBooks. Go to http://www.freshbooks.com/askpat and enter “Ask Pat” in the “How Did You Hear About Us?” section for more information. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.