A service business has special challenges compared to a product oriented business. One of the primary considerations is scalability. This article will cover service business considerations. A product related, capital intensive business can scale production via investments in automation, employees, contract workers, outsourcing via multiple suppliers and so on. A service business is more constrained …
When investigating a potential new business venture it’s instructive to think about the structure of the product and its associated manufacturing process. The barriers to entry for a product development project and its associated manufacturing process not only affect whether it makes sense for your operation, but also may determine if you have a lot …
Positioning a business for future growth can come in many forms. In this article we will look at several ways to develop or acquire future growth opportunities. Research & development R&D projects to develop future technology that may be commercialized. These projects can be basic research, where technologies are developed for the sake of development, …
Business Model How a company makes money. This definition is a bit shorter than most, but really we are talking about how to generate excess cash after expenses are subtracted from revenue. Identifying the model that your business, or future business, operates under may allow for new insights into how you can improve what you’re …