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Service-based Businesses Are The Easiest to Survive
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Service-based businesses are the easiest to survive - and Abe explains exactly why. When markets slow, trends die, and hype fades, services still get paid. If you’re building anything serious, this episode 21 of The What It Takes podcast might change how you operate.
Categories:Education/Career
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Auto-generated transcript. Not time-synced to the video.
Series of businesses are the easiest to
survive if you do the right thing. So
there's a couple of things that could
break you and these are one of the
[music] things that we were looking to
avoid when when I got into the business.
The one thing is that you see over here
there's a dime a dozen plumbers,
electricians, IT people, low voltage
people, blah blah blah because these
these [music] are service business. But
the the thing though is is that it's
very hard for you to recruit very it's
very easy to create your competition
because every good manager you have
potentially could get into it because
you don't really need much to open up a
company like that. If you know how to
fix AC's and you are readily available
and you're easy to work with and you're
people's person, you're going to have
customers and if you're doing [music]
the right thing, the customers are going
to pay you. It's simple as a pimple.
It's one plus one. It's that that it
that's it. So that's a service- based
business, but it's a very hard to
regulate or to as much as you can hold
it like in the family [music] per se,
right?