One is a SERVICE. Services sometimes have issues with profitability when scaling. You end up managing people and profit margins stay the same or decrease. The other is a PRODUCT. Products generally scale better as the cost of product remains more or less the same (COGS). Many people start cons...
If business model was all about "revenue" then you could have hit somewhere on the dart board. However, if you've passed the information to your friend under the hashtag "Business Model" then I would like to ask "What's the business idea?" I am a bit perplexed to read your suggestion about tradi...
If you don't currently have an LLC for the business performing IT services, you could create a DBA (Doing Business As) and offer those IT services under the first business you mentioned. One business can have many DBA's which is good for promoting services as if it is it's own business. By using ...
This is a very large matter, of course. It needs thorough investigation, otherwise would be a grandiose waste of money and time and will lead to a failure. I have business experience in Western Europe, Eastern Europe, Middle East and Central Asia. And I am convinced, whatever is well working in o...
I have 35+ startups in my background in multiple industries and multiple roles. There is good advice from others on finding a real problem you inherently know and build a service you and others would find valuable to use. If you do not have this idea (not one suggested by us), it could be the f...
Hi- I am not familiar with the tax implications in Canada because I am located in America. However, if you were in the united states and you sold an asset there would be a tax implication there. Never the less, this would clear up any debt you have. Option 1 would be a good choice. As it relates ...
Hi, In order to give a complete answer, it is important to get more information. Nevertheless, and based on the information you provided, here are a few suggested methods. There are many more but I don't want this answer to be longer than it already is. 1. Ask your existing client/s for referra...
Any relevant certification can help your business in my opinion. This will help show your clients you know what you're doing. Providing a high quality product will always help your business more than any certification can, but a certification can help you get your foot in the door. I'm happy to g...
If we go by the definition of real estate management, it is amazingly simple. The real estate management the business of managing land and buildings, including activities such as keeping buildings in good condition and organizing the renting of property, but going by the question, I believe that ...
There are many handyman software that helps business owners to start an online service business, so it is difficult for business owners to choose the best software to start an online service business. However, I would suggest YoGigs a readymade service marketplace software that helps business own...