Risk: Moderate

Starting a yoga and meditation studio business can be risky for someone with no prior experience, especially if they can't afford to lose money. Potential losses include money for renting a space, purchasing equipment, marketing expenses, and time spent on setting up and running the business. Beginners have been known to invest in marketing or high-quality equipment without seeing immediate returns. Startup costs can range from $10,000 to $50,000, and profitability may take up to 6 months to 1 year. Online discussions mention challenges such as attracting clients, covering overhead costs, and competition from established studios. I'd rate the risk a 2 out of 3 because there is a moderate risk of losing money and time if not managed effectively.