01-27-2024, 11:31 AM
Service businesses usually do not require any investment in manufacturing infrastructure, nor do they require any inventory that chews up working capital. Instead, these are the types of businesses that require a good dose of humility and hard work. While these business models are not as scalable or repeatable as tech-based businesses, you can still achieve significant leverage through employees, and your ROI (return on investment) will be higher and faster due to the little to no up-front investment.