Choosing the Right Business Path

2024-03-29

Know what you are starting…A brick-and-mortar business provides trust, local foot traffic, and a tangible experience, but entails high overhead, limited reach, and staffing constraints. Online businesses offer low overhead, global reach, and 24/7 operation but face intense competition, trust-building challenges, customer service complexity, and technological demands. Both paths have pros and cons, and we’re covering these differences in this episode. Whichever path you’re on or may choose, research and prepare for the downsides and capitalize on the benefits to increase your success....

Know what you are starting…

A brick-and-mortar business provides trust, local foot traffic, and a tangible experience, but entails high overhead, limited reach, and staffing constraints.

Online businesses offer low overhead, global reach, and 24/7 operation but face intense competition, trust-building challenges, customer service complexity, and technological demands.

Both paths have pros and cons, and we’re covering these differences in this episode.

Whichever path you’re on or may choose, research and prepare for the downsides and capitalize on the benefits to increase your success.

Chapters:

0:00 Introduction

1:12 Benefits of brick and mortar businesses

5:42 Challenges of online businesses

8:42 Impact of isolation and burnout on online businesses

10:09 Importance of researching and preparing for downsides

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