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Starting a hosting company 10 years ago, yes. Starting a company in todays market without some sort of a niche or a large anchor customer to get you off the ground.. or you just have tons of money to throw at something and hope it works.. then yes like every other business you can make it work.
This is by no means a fast dollar. Although lots of kids these days start as resellers. spam low cost shared hosting/vps and then dissapear next month and end up screwing over god knows how many people.
I hope to god you know something about servers, and I mean more than clicking links in cpanel.
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