Everyone keeps doling out ideas by the dozen but perhaps it is time to give you the ingredients and allow YOU to think — see what makes for a great business model.
1. A no over head business : I don’t see myself having fun when I still need to pay for the rent, employee salaries and huge over heads while the profit I stand to make on any given sale is miniscule. Without overheads, my profits are pure gold.
2. A Service Business : Because it gives me an opportunity to correct myself or my business processes if I do any mistake. Immense flexibility. Products will be expensive to produce and it will be difficult to back track .
3. Automated Businesses : Any business that can be automated and set to run all by itself is an amazing business to have. I know a few friends who have such businesses and I can see what it has done to them.
4. Location Independent Business : Like content development, web design, promotion and development businesses that can be operated from anywhere. Think about it, you don’t need to be ain any office and stuck to any one place.
5. A system based business : The above pointers might not be possible all the time. However, there is no excuse for not having a system in place for each function in your business — all the way from lead generation to accounts or product handling. Systems are crucial for business success.
Can you think of more of these ideas?
3 Comments Received
umm is it necessary to have a business? remember the sprite ad ? sprite hi to peean hai..anyway the ideas are fundooo! hats off!
hmm gud ideas but first tell me why I need to have a businesss? I am a big fan of the sprite ad which says the ultimate pleasure is to drink sprite and be carefree!lovely idesas nevertheless!
@ Kochi — Actually, owning and running a business might just be to follow that the Sprite ad says ” ….be carefree” — however, unlike drinking sprite, a lot of work goes into it
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