I have said to many that keeping bees is harder than bringing up children (and I have four) but like having children it is very rewarding. I would say the hardest thing I have found is not the decline of colonies, but the increases. I went into spring last year with a few colonies and came out with seven and that was after I shifted four onto other people.
I was not prepared for the increases and so found it hard to keep up and I was disheartened on a number of occasions. This year I think I am more prepared but where the increases are going to go if new bee-keeper numbers are declining?
The cost was certainly in one direction in the first two years, but being in a HB abundant area I have still some of last year's honey to sell as I did collect a fair amount from the colonies and I know how lucky I am to be able to say that. Breaking even is my target from now on (excluding my own hourly rate of course)
Like with allotments there is the fad aspect; Lots of press and TV, lots come on board, then realise things are not so easy and instant, and then give up.
The positive could be a lot of cheap second hand equipment on the market as supply outstrips demand. I just hope a lot of the people giving up bought extractors. I could just do with my own at a small price.