How to start a business

Start with Services: Opt for a service-based business as it requires less initial investment compared to product-based businesses. You invest time and effort, not money.
High-Value Services: Select services that you can charge a premium for, focusing on offering convenience and solving significant problems for larger businesses.
- Focus on ROI: Emphasize the return on investment rather than just convenience. Clients are more likely to pay for services that demonstrate clear value and savings.

Volume Over Niche: Consider a business model that allows you to handle a large volume of clients or projects. This can help you achieve scalability and revenue growth.

Word of Mouth: Leverage word of mouth as it’s a cost-effective way to gain clients. Satisfied clients serve as proof of your quality and reliability.
Referrals: Encourage satisfied customers to refer others. Consider implementing a referral program to incentivize this.

Remote Work: Remote work offers greater flexibility and a broader client base, reducing geographical limitations.
In-Person Work: While in-person work can be beneficial for building local connections, it limits your client base geographically.

Subscription Model: Aim to create a recurring revenue model where you sell a service once and earn money on a monthly basis. This provides financial stability and predictability.

High Revenue Niche: Choose a niche with high revenue potential. These clients are often willing to pay more for specialized services.
Avoid Low Revenue Streams: Steer clear of businesses with less than $50,000 in annual revenue, one-person operations, or startups with limited budgets.