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Aadi Karani

Learning is key to s... • 1y

NOWDAYS EVERYONE IS GETTING SERVICE BASED BUSINESS IDEAS...BUT EVERYONE FROGETS HOW DIFFICULT IT IS TO EXECUTE THESE KIND OF BUSINESS & TO SCALE IT AS WELL....IT IS SO DIFFICULT TO SCALE & WITHOUT SCALE ONE CANNOT GET POTENTIAL REVENUE FROM A SERVICE MODEL BUSINESS...PRODCUT BASED BUSINESS ALSO HAVE LIMITATIONS BUT ONCE YOU CRACK THE PRODUCT & PRODUCTION EFFICIENCY & DISTRIBUTION...90% PROBLEMS ARE SOLVED & BECOMES EASY TO BOOK PROFITS & SCALE UP. IT FEELS EASY TO EXECUTE SERVICE MODEL BUSINESSESS AS DURING IDEATION ONE CAN ONLY SEE THE IDEA & GOAL BUT ONCE YOU DIVE IN YOU GET TO KNOW THE RRAL PROBLEMS WHICH HAVE ALMOST JO SOLUTION OR A SOLUTION WHERE YOU JAVE TO COMPROMISE YOUR PROFITS OR SERVICES ( I FEEL SO). BUT IF YOU CRACK EXECUTION IN THESE BUSINESSES YOU COULD RULE THE MARKET.... IT IS EASY TO GET SERVICE MODEL IDEAS AS WE MAYBE DO WORK OR PROVIDE SOMETHING CLOSE TO THAT & PRODUCT BUSINESS IS SOMETHING WHERE ONE NEEDS R&D AND ALSO PRODUCTION & IMPORTANTLY A PHYSICAL PRODUCT.

yes you are right

I would like to correct u

replying & correcting

Votes: 21

4 Replies

Replies (4)

Prakash Bhanu

Hey I am on Medial • 1y

True, It depends on how well can you crack the operations part of it. Just like Zepto did for hyperlocal delivery. It’s more like finding your PMF is not as simple as we can do it with product based ideas. I don’t see any issues with scalability with service based compared to product based as long as you have a correct understanding of your TAM. Operations intensive business models are innately hard to Replicate By the competitors.

1 Reply

Rajan Paswan

LostBird :) • 1y

Product or Service based business each have its pros and cons. Like you said for product based you need to crack production, efficiency & distribution and 90% of work is done. But these things are not anything remotely easy. Also Product based business generally cost more money to start since you need to stablish all the this which you said. While service based business have its own issues. I don't think anyone is superior or inferior to other. One should choose what they can do. Btw you wrote your whole post in capital letter which is kinda uncomfortable to read. Try distributing long post into small paragraphs and use capital only where it is needed.

1 Reply

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