Pros:
1. Low startup costs – setting up a parasailing business can be done with relatively low overhead expenses, making it an attractive option for entrepreneurs.
2. High profit potential – depending on the location, the demand for parasailing services could be high and the cost of providing services could be relatively low, making it a potential profitable venture.
3. Fun – parasailing provides an exciting recreational activity and can provide customers with lasting memories.
Cons:
1. Weather-dependent operations – due to its reliance on certain weather conditions, parasailing businesses may have to close down at times that can be difficult for both customers and business owners.
2. Safety risks – parasailing requires specialized and equipment to ensure the safety of customers, it a risky venture if proper precautions not taken.
3. Liability issues – in addition to the risk of accidents, businesses must also consider liability issues such as insurance costs and possible legal action.