Startup cost: $500 - $2k

Setup costs range from $500 to $2,000 for someone starting as an AI Risk Analyst. At the minimum end, the costs would cover essential tools such as a reliable computer, internet connection, and basic software subscriptions. For those aiming to do it right, the higher end would include investing in specialized AI risk analysis software, online courses to enhance skills, and possibly setting up a professional website to attract clients. These expenses are crucial for delivering high-quality service and building credibility. While some may consider certain expenses optional at launch, having the right tools can significantly impact the quality of work and client satisfaction. Online communities mention that hidden costs could include ongoing software subscriptions or additional training to stay updated in the field. It's important to budget for these to ensure competitiveness in the market. Overall, if a friend wanted to take this side hustle seriously, I would recommend budgeting between $500 and $2,000 to cover initial setup costs and ensure a strong start in the AI Risk Analyst business.