The Survival Podcast

Finding the Right Business to Start – Epi-3670

May 13, 2025
Dive into the world of entrepreneurship as the discussion breaks down how to find the right business for you. Discover the importance of clear procedures and effective training to prevent errors. Explore the difference between product and service businesses, with real-world examples. Learn about creating self-sustaining models and navigating the challenges of custom merchandise sales. Insights into marketing strategies reveal how customer needs drive business success, while personal journeys provide a roadmap for aspiring entrepreneurs.
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INSIGHT

Entrepreneurship Brings Freedom

  • Owning your own business grants unparalleled freedom and liberty compared to traditional employment.
  • However, not everyone is suited for entrepreneurship, as it requires working on your business more than in it.
INSIGHT

Businesses Are Products or Services

  • All businesses ultimately fall into either product-based or service-based categories, or a hybrid of both.
  • Understanding this macro distinction clarifies what kind of business to pursue and how to plan growth.
ADVICE

Differentiate With Quality, Service

  • Differentiate your product through quality and customer service to fend off easy emulation.
  • A strong service experience can be a key differentiator even in product businesses.
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