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Listen "Best businesses for small scale entrepreneurs"
Episode Synopsis
The best businesses to start, all have a few things in common. They have a hungry audience, are repeatable, and do not require a complicated buying decision by customers, they also often cater to basic needs, offer convenience, and provide straightforward solutions.
Welcome to skills direction, your guide to success. This is our quick take on the most successful businesses for small to medium scale entrepreneurs.
Here are some examples:
Fast Food Restaurants: Fast-food chains like McDonald's, Burger King, and KFC have a hungry audience seeking quick and affordable meals, and the buying decision is usually simple, based on familiar menu items.
Grocery Stores: Supermarkets and grocery stores meet the recurring need for food and household essentials, making them repeatable businesses with a straightforward buying decision.
Coffee Shops: Coffee chains like Starbucks or local coffee shops provide a convenient solution for people seeking their daily caffeine fix or a quick snack.
Convenience Stores: Convenience stores offer a variety of products, including snacks, drinks, toiletries, and basic necessities, making them frequented by customers with immediate needs.
Online Retailers with Basic Products: E-commerce platforms that offer simple, everyday products like Amazon or eBay attract repeat customers seeking convenience and a wide range of options.
Subscription Services: Businesses with subscription models, such as meal kit services like HelloFresh or beauty product subscriptions like Birchbox, provide customers with recurring deliveries of products they regularly use.
Vending Machine Operators: Vending machines placed in strategic locations can cater to people looking for snacks, beverages, or other quick items.
Car Washes: Car wash businesses offer a repeatable service to customers who want to keep their vehicles clean and presentable.
Laundry Services: Laundromats or laundry delivery services serve customers who have a consistent need for clean clothes.
Pet Food and Supply Stores: Businesses that sell pet food and supplies meet the needs of pet owners who regularly require these essentials.
Personal Care and Beauty Services: Barbershops, hair salons, and nail salons offer repeatable services for grooming and self-care.
These businesses capitalize on human needs and convenience, leading to repeat purchases and loyal customer bases. Simplicity and ease of decision-making are crucial aspects of their success, making it easy for customers to return regularly.
That wraps up our quick take, hope you found it useful, don’t forget to visit us for more.
Welcome to skills direction, your guide to success. This is our quick take on the most successful businesses for small to medium scale entrepreneurs.
Here are some examples:
Fast Food Restaurants: Fast-food chains like McDonald's, Burger King, and KFC have a hungry audience seeking quick and affordable meals, and the buying decision is usually simple, based on familiar menu items.
Grocery Stores: Supermarkets and grocery stores meet the recurring need for food and household essentials, making them repeatable businesses with a straightforward buying decision.
Coffee Shops: Coffee chains like Starbucks or local coffee shops provide a convenient solution for people seeking their daily caffeine fix or a quick snack.
Convenience Stores: Convenience stores offer a variety of products, including snacks, drinks, toiletries, and basic necessities, making them frequented by customers with immediate needs.
Online Retailers with Basic Products: E-commerce platforms that offer simple, everyday products like Amazon or eBay attract repeat customers seeking convenience and a wide range of options.
Subscription Services: Businesses with subscription models, such as meal kit services like HelloFresh or beauty product subscriptions like Birchbox, provide customers with recurring deliveries of products they regularly use.
Vending Machine Operators: Vending machines placed in strategic locations can cater to people looking for snacks, beverages, or other quick items.
Car Washes: Car wash businesses offer a repeatable service to customers who want to keep their vehicles clean and presentable.
Laundry Services: Laundromats or laundry delivery services serve customers who have a consistent need for clean clothes.
Pet Food and Supply Stores: Businesses that sell pet food and supplies meet the needs of pet owners who regularly require these essentials.
Personal Care and Beauty Services: Barbershops, hair salons, and nail salons offer repeatable services for grooming and self-care.
These businesses capitalize on human needs and convenience, leading to repeat purchases and loyal customer bases. Simplicity and ease of decision-making are crucial aspects of their success, making it easy for customers to return regularly.
That wraps up our quick take, hope you found it useful, don’t forget to visit us for more.
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