Risk: Moderate

Starting a side hustle as a Notary Public can involve several risks, especially for someone starting from scratch and unable to afford losses. Here's a breakdown: 1. Financial Losses: Initial costs include training, certification, bonding, insurance, and supplies. These can add up to several hundred dollars. If the notary business doesn't take off, these costs might not be recouped. 2. Time and Energy: Setting up the business, marketing, and finding clients can be time-consuming. If the business doesn't succeed, this time and energy could feel wasted. 3. Confidence: Failure to attract clients or make a profit can impact confidence, especially if expectations were high. Many beginners report spending money on courses and supplies without seeing a return, especially if they don't have a clear plan or network to find clients. Online discussions often highlight the challenge of building a client base and the competition in saturated markets. Startup costs like training and supplies might not pay off if the notary doesn't secure enough work. Some people online mention struggling to find clients or underestimating the effort needed to market their services. I’d rate the risk a 3 out of 5 because there is a moderate risk of not recouping initial investments, especially if one doesn't have a clear strategy or network to find clients. While it's possible to break even or make a profit, minor losses are also possible if the business doesn't gain traction.