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re: Business start up ideas
Posted on 9/15/21 at 8:49 am to SidewalkTiger
Posted on 9/15/21 at 8:49 am to SidewalkTiger
Idea =/= Execution. And the later matters far more.
They are all low cost in this day of age, at least relatively. Can you execute it? Can you lead? Can you sell? Can you scale?
Far more into it than just having a good idea. That said, to be somewhat productive, I think there is a ton of value in regionalized/localized service based business that focus on brand/content creation/customer service.
Lots of money to be made in the service industry shift as boomers age out/die. I think most cities 100k+ will see 2-3 companies buy off all these little guys and dominate the market, but there is still room if you have any trade skill or can lead people who do.
They are all low cost in this day of age, at least relatively. Can you execute it? Can you lead? Can you sell? Can you scale?
Far more into it than just having a good idea. That said, to be somewhat productive, I think there is a ton of value in regionalized/localized service based business that focus on brand/content creation/customer service.
Lots of money to be made in the service industry shift as boomers age out/die. I think most cities 100k+ will see 2-3 companies buy off all these little guys and dominate the market, but there is still room if you have any trade skill or can lead people who do.
1
Posted on 9/16/21 at 12:14 am to LSUShock
This is spot on. Execution and scaling are very hard in skilled trades these days. I own a construction related business and we’ve grown tremendously since we started 6 yrs ago. We had several links to large labor pools which has been one of our keys to success. We’re adding a couple of welding crews for our service division because there is an extreme lack of companies with that type of skilled labor. I have a company lined up that is going to put them to work as soon as we have them outfitted. Skilled trades continue to grow in demand as the older generation moves on and the younger generations are too good to work with their hands. If you can sell, execute, lead, recruit and scale you’ll be very successful. Not sure your geographic region but the demand will be specific to your area with respect to what type of services are needed.
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