Post
Topic
Board Economics
Re: Small Scale Business Ideas
by
Texac
on 25/09/2023, 08:11:36 UTC

These are not very new business ideas, although these business models do not require too much capital, being successful with them is not easy.  with these long-standing business models, we will also encounter fierce competition from other stores.  so, whether the business is small, medium or large, it all depends on the area you live in and people's need for it.  you can't open a car wash if there are already too many people in your area doing that service.

Small business ideas are not as simple as many people think, everything has competition and demand, so it is necessary to evaluate depending on the area to come up with a suitable idea.
To build a business in the service sector does not require a large amount of capital, but we need to have skills that we have really mastered well so that our potential customers are interested in what we do and have satisfactory results with what we do. I really agree with you, before choosing to start a business in the service sector, we need to know the location we will choose for the business we will build, whether the type of service we will offer is needed in that environment or not and there are many other things that also need to be taken into consideration.

As I said, I am not discussing the issue of more or less capital, but the issue is that we need to provide exactly what consumers there need.  we can't provide services that they don't need or it has become too much in that area.  That just makes our business more difficult. 

Business is not an easy field as many people imagine. Opening a business is not difficult, but making a profit and maintaining it is a problem.  don't rush to talk about expanding your business, it takes many years, not 1 or 2 years to do.  I opened a hair salon, a sidewalk restaurant, a frozen food business...it's not simple at all.