Most businesses are divided into two distinctive categories, which are the product based business and the service based business. Understanding the difference will give the potential business owner a better overview of what is expected from these two very different styles.
Is your lack of knowledge in this area making your business life difficult... maybe even miserable?
Most service based forays are labor intensive which the business entity revolves around. This is either packaged as the selling of expertise in a particular field or the selling of the actual “engines” that produce the desired outcome that bring in the revenue.
Either way the quality, efficiency, attention and detail that is exercised within the business are the eventual elements that are going to make or break the business foray into the revenue churning mechanism.
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