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Business strategy
Which is easiest to start and run- Production or services?
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[QUOTE="Etini, post: 280910, member: 90141"] [USER=3658]@Suba[/USER] let's look at practical examples. I am into the poultry business. To start my business, I needed to get space, set up a structure, get equipment, order for birds, and buy feed and medication. Huge capital outlay. Whereas my friend with whom I started this entrepreneurial drive together went to learn how to barb. He paid a little sum to get training and he bought a clipper. Viola, the business has already started for him. In all, he did not spend up to a quarter of what I spent to start up. Even when it comes to running the business, he still finds it easier. He can actually afford to go broke. All he needs to do the following day to be back on his feet is to find someone and get less than a dollar to buy fuel and start all over again. The same can be said for transporters, laundrymen, and most other service. The same can't be said for businesses that are in production. Your running capital can it be depleted or else you are out of business. [/QUOTE]
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Which is easiest to start and run- Production or services?
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