June 29th, 2008
A lot of people have been conditioned to think that they need a substantial amount of money to start a business. One of the most popular ways to get this is to secure a loan, which can either come from your parents, a bank, or other institutions. I’ve always been wary of using other people’s [...]
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June 29th, 2008
Last time we talked about some marketing aspects of selling products versus selling services. Now let’s look at the nitty-gritty of the business side of things.
1) Capital. Products are more capital-intensive, services have less risk. Since you need to make something before you actually sell them, products generally need more capital to get [...]
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June 29th, 2008
Early on in planning your new business, one of the things you have to decide on is whether to offer products or services. The answer to this will depend on a wide range of factors, all of which you should consider carefully. Before you can evaluate which one is better for you, first you have [...]
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June 28th, 2008
With all the products flooding every market, it’s easy to get lost in the crowd. That’s why in order to get noticed, you should pick your battles carefully. Focusing on a niche market will also give you a better sense of purpose with your business and, consequently, a definite direction to take. Finding a niche [...]
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June 28th, 2008
I don’t know about you, but whenever I see a sign that says, “FREE _______!!!” I immediately raise my eyebrow and take a good look at the fine print - there’s almost always a catch. The same thought crosses my mind when I read ads in big bold letters, promising business opportunities with zero capital. [...]
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