Should you Start a Product or Service Company? - Startup Ideas - 001

Service based company

Product as a service has to be my favourite, which is probably why software scaling is so good.

Start with a service company, and once you have capital and experience, start a product company. 🙂 Great video, thank you!

You're awesome too, I was really in a dilemma on this one as I have a product that I can produce a service with it or rather manufacture a volume of it and sell it to people.

I am at a stage where i am exploring what my offering should be and the important factor seems “what can i successfully sell?” Whether jobs or products or services, there is competition everywhere and thats the biggest challenge. Selling seems to be the number 1 skill to me which everyone needs to learn whther a professional or trader or service provider.

I have learned more from this channel than I ever did in business school 👍

I'm an architect who's planning to start an architectural studio and work for myself, simultaneously I've been looking into furniture business, specifically epoxy resin products. I live in South Africa and haven't looked very well into the epoxy furniture markets. Could you do a video on how to juggle services and products businesses starting up. I was thinking that one business would definitely kickoff and eventually pier the other one. But clearly I
still have a lot to know and it will be very helpful if you reply letting me know your thoughts. My question being, "is my goal farfetched", how do i execute this folk plan successfully?

Thank You so much sir it was soo helpful :)

I think product companies are better if you have the capital, the potential to make money is better in products. But services are better for a low cost entrepreneur but low cost to entry means more competition, means less profit margins

Service company.

YESYES