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If you were starting a business venture, obviously you should be interested in whatever you're about to start. It's true that most new start ups fail within 3 years. Do you think more of those businesses that start up are dealing in products of some type or do they deal in providing services? If you think most of them are dealing in products, would you be inclined to start a product type business (maybe you have a better idea than most if only in your own mind)? Jul 18 15 02:03 am Link To me, a XYZ business is 10% XYZ and 90% business. I believe that many business ventures fail because the business aspects of the business are poor. Any new business needs a business plan, a marketing plan, some investigation into its viability, a survey of its competitors, an investigation into the viability of the location, a viable & sustainable pricing strategy, and tons more. But that's all business -- many entrepreneurs just want to get to the XYZ of their business. Jul 18 15 09:19 am Link For me, my photo business is both a product and a service. I educate my clients that the difference between me and a friend shooting their wedding is the quality of the shots and the services I provide. Jul 18 15 04:45 pm Link I am not sure if you are thinking about starting a business. Are you? With both China and the Web, Id be careful starting any small business. ' If you think most of them are dealing in products, would you be inclined to start a product type business (maybe you have a better idea than most if only in your own mind)?'....No, no products. Not for me. Not anytime soon. Jul 18 15 05:00 pm Link SAND DIAL wrote: I'm always thinking of starting a business. The questions that always stop me are what products am I going to sell and/or how will I get people to use my services? Jul 19 15 10:03 am Link I started our small business almost 10 years ago. (www.houseofthailand.com) It took a couple years to start turning a profit. Now I sell so much it's hard to keep our inventory and I've been raising prices for the last couple years to slow sales. I went for the high-end market. (We make the finest traditional Thai massage mats available.) I lost count years ago of all the high end spas/resorts that use our products. Yes, I'm bragging. Try starting your own micro-label and see how tough it is. But I would absolutely encourage you to start your own business. Spend a year thinking about your product line and write up a good business plan. You need enough investment capital to get you through the first years. My business needs models and product photos. That's the only reason I'm on MM. If you're successful, you'll quickly realize that you will make more money from a product photo than the photographer that took the shot. Jul 19 15 10:32 am Link House of Thailand wrote: I don't think bragging is always a terrible thing. It all depends on how and why. In this case, I think of it as your saying "I did it, so maybe you can, too". Jul 19 15 10:57 am Link |