subject: Instructions On Choosing A Service Or Product For Your New Company [print this page] Instructions On Choosing A Service Or Product For Your New Company
Count how many products you can buy. Whether you are shopping on the high street or internet. There must be thousands and thousands of different products and services. In fact, forget that! There are millions of different and products and services you can sell worldwide. So what on earth do you pick as a new company to sell? For starters, what's the difference between a product and a service, and which one do you want to offer? Provide something you are very good at It should make sense really, shouldn't it? Talk about labour of love- provide something you love offering. This is why for example a cake maker might end up with several bakeries years down the line. Providing something you have passion for, you are more likely to offer a better service. Offering a service you aren't sure about however, can be problematic. Granted you can employ experts in the field, it always looks better if you have a good knowledge of what you are offering. Work a 9-5 product or service This comes from the voice of bitter experience! The rewards for working hard are bountiful, don't get me wrong. However don't be fooled into the notion that you have to work 12 hours a day 7 days a week on a company. If a business relies on you that much, something is wrong. Don't offer business web hosting, or provide game servers if you value your hair. You'll never be left alone. The best company to setup is one that runs from an office, running office hours 9-5. Separate your business from home Rent an office from the start. Whatever you do, don't believe the rumours that working from home is the best thing. Working from makes it incredible hard to motivate yourself, and you absolutely won't be able to separate work and home. Unless you live in a mansion, it won't look impressive when you want to meet and impress clients either. Without the ability to create a good impression on clients, your business will struggle. Form a highly profitable company What other real point is there in working? If you are going to setup a product or service, make sure it's as profitable as possible. It is imperative you research products and services before you start offering them as a new company. Competitor analysis will tell you a great deal of useful information. What prices are they charging? Research different suppliers to find out how much it will cost to provide your service. Before registering and setting up a company, you need to know your product or service inside out. Running a company should be fun Once you have found the best company formation agent to form your company, you will spend at least eight hours a day working. Also think about the hour long journey to and from work! So it's arguable you spend more time round work than you do anything else. So when setting up a company, it's vital you enjoy it. Choose a product or service you love. If you enjoy your work, you are more likely to offer a better product or service, and thus more likely to have a successful new company.
