Kids today, think that Hosting industry is a law-suit free industry.
They need to learn, explore, and research how serious the industry is, before even attempting to purchase a reseller, a vps or a Dedicated Server.
Yes,
There are some successful companies out there.
My friend informed me there was The "Top 20 Richest Teenagers of the UK" in the papers a few weeks ago and a 16 year old is worth £750,000 for running a web hosting & web design business.
The people who come in here thinking it is easy, purchasing a server punishes themselves in a way, they can't afford to pay for the server and have to take it out of there own money and not any cash they have made.