Risk: Moderate

Starting a candle making business can involve risks such as losing money on materials, equipment, and marketing efforts. Beginners might spend money on supplies and tools without generating enough sales to cover costs. There are startup costs that may not pay off if the candles don't sell as expected. Online discussions mention instances where individuals failed to make a profit or recoup their initial investments in candle making ventures. I'd rate the risk a 2 out of 3 because there is a moderate risk of not breaking even, especially if proper market research and planning are not undertaken.