Which business is best or easiest to start? Why?
I’m wondering which of the two types of businesses has the best outlook for the near future.
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In my opinion, a service business is much easier to start and requires less capital, but a product business has much higher upside given easier scalability.
I feel like product based has a somewhat steep learning curve.
Agreed - one of the reasons why it’s a hard business to start. Also higher barriers to entry.