Now is a good time to start a service business
Now is a good time to start a service business. Maybe you should try it! A service business is one where your company sells its work output directly instead of selling a product. Dentists, plumbers, design agencies, pool cleaner, consultants: these are all service businesses. The opposite of a servi...
Hasnain says:
“Service businesses have always been the easiest to start because there’s no R&D phase. But they’ve historically been tough to grow because the main ways to grow were raising prices, hiring, or pruning your service into a product. If AI keeps getting better (a guarantee) but doesn’t quite get to superhuman abilities (big question mark), there will be lots of automation opportunities that let you grow your service business beyond the traditional constraints.”
Posted on 2024-07-01T01:33:35+0000