Trending...
- Eddy Corp and SMAART POWER LLC Announce Strategic Teaming Agreement to Accelerate Microgrid and Distributed Energy Deployments - 280
- California: Governor Newsom expands film and TV tax credits with new legislation, creates tax credit to support post-production jobs - 194
- Governor Newsom signs bill expanding fuel options to help Californians save at the pump, amid Donald Trump's gas price crisis - 144
Business ideas ecommerce versus a boring business. Which one is better?...
LOS ANGELES - Californer -- "The increase in the number of people starting their own businesses in the US has surged to a 13-year high" according to Business Insider.
New applications for an employer ID in the US "reached 1.1 million through mid-September, a 12% increase over the same period last year and the most since 2007," according to an analysis of US Census Bureau data by The Wall Street Journal.
But what kind of business do you start?
The Impact of Crime
Not to be a "Debbie Downer" many people starting small brick-and-mortar businesses tend to overlook the impact of crime.
New investors who get started in real estate ventures soon begin to realize where the best "deals" are located. Often they are in parts of town where drugs and crime are prevalent.
Yes, there are thousands of exciting startup businesses that fight to get capital from Angel investors.
According to Forbes in an article about boring businesses;
"... U.S. Small Business Administration, in 2008 (the most recent year for which data is available), these (boring) companies produced 46 percent of the nonfarm GDP rivaling major corporation contributions and exceeding startup ventures as a category."
More on The Californer
Boring businesses are almost always service-oriented.
Some examples include:
- Child care.
- A food truck.
- Catering services
- Cleaning services.
- Gardening.
- House painting.
- Printing services.
New business owners have the challenge of raising money. And some of these boring offline businesses, like food trucks, still may encounter the issues mentioned earlier.
We Prefer the Online Business Model
It is not a coincidence that Jeff Bezos is the richest person in the United States.
An online business gives you the ability to work from anywhere. That means you can travel. You can also choose to live anywhere you want.
The other advantage of the business model we chose is that it is based on a 'boring' service that is more than 300 years old!
Though similar to our biggest competitor in San Francisco, he won't give you the ability to share in the wealth.
You can learn more at the link below:
https://paidletter.com/singleoperatednewsletter-com/
New applications for an employer ID in the US "reached 1.1 million through mid-September, a 12% increase over the same period last year and the most since 2007," according to an analysis of US Census Bureau data by The Wall Street Journal.
But what kind of business do you start?
The Impact of Crime
Not to be a "Debbie Downer" many people starting small brick-and-mortar businesses tend to overlook the impact of crime.
New investors who get started in real estate ventures soon begin to realize where the best "deals" are located. Often they are in parts of town where drugs and crime are prevalent.
Yes, there are thousands of exciting startup businesses that fight to get capital from Angel investors.
According to Forbes in an article about boring businesses;
"... U.S. Small Business Administration, in 2008 (the most recent year for which data is available), these (boring) companies produced 46 percent of the nonfarm GDP rivaling major corporation contributions and exceeding startup ventures as a category."
More on The Californer
- Governor Newsom signs legislation supporting California Native AmericansGovernor Newsom signs legislation supporting California Native Americans
- California: Governor Newsom proclaims Native American Day
- ASN Software Introduces New California CARS Act Dealer Updates
- USA Air Management Marks 30 Years of Air Duct Cleaning in NJ Urges Homeowners to Schedule Dryer Vent Cleaning Before Heating Season
- Dr. Jay Johannigman Returns to Cincinnati Following 46 Years of Military Service
Boring businesses are almost always service-oriented.
Some examples include:
- Child care.
- A food truck.
- Catering services
- Cleaning services.
- Gardening.
- House painting.
- Printing services.
New business owners have the challenge of raising money. And some of these boring offline businesses, like food trucks, still may encounter the issues mentioned earlier.
We Prefer the Online Business Model
It is not a coincidence that Jeff Bezos is the richest person in the United States.
An online business gives you the ability to work from anywhere. That means you can travel. You can also choose to live anywhere you want.
The other advantage of the business model we chose is that it is based on a 'boring' service that is more than 300 years old!
Though similar to our biggest competitor in San Francisco, he won't give you the ability to share in the wealth.
You can learn more at the link below:
https://paidletter.com/singleoperatednewsletter-com/
Source: PaidLetter.Com
0 Comments
Latest on The Californer
- Nutriband Inc. (N A S D A Q: NTRB) Breaks Into Uncharted Territory: 52-Week High Eclipsed as Shares Surge 22% —AVERSA™ Puts Investors on High Alert
- FabricLoop Opens a Team Workspace That Keeps Messaging, Tasks, Notes, and Calls in One Thread
- Long Beach Health Department Reports First West Nile Virus Death Since 2017
- City of Long Beach Reaches Tentative Three-Year Labor Agreement with IBEW
- California: Governor Newsom applauds federal film and TV tax credit bill, answering his call to keep production in America
- Noted Political Commentator a Major Influencer with multiple Millions of Viewers
- Marissa Goodbody's The Sloth, the Shrew, & the Cockatoo Takes Young Readers on a Rhyming Adventure
- NEW: Report shows major progress in California on preparing for wildfire, avoiding millions of tons of carbon pollution and toxic smoke
- Governor Newsom on the California Supreme Court ruling Sheriff Bianco illegally seized ballots
- Jacqui Condon Selected to Workers' Compensation Panels for Three Professional Athlete Associations
- Southland Symphony Season Opener - "An American Journey"
- Buddy Reed & The Rip It Ups Bring Authentic Blues To Bayside Grange Harvest Moon Dance
- Pervaziv AI Adds Collections, Chat Forks and Governed Workflows, Advancing Cortex from Chat to Verified Work
- New Metallized PE Film from Pregis Brings Recyclability to High-Barrier Food Packaging at Pack Expo International in Chicago
- Sonoma County's Largest Pop-up Used Book Sale Benefits Five Sonoma County Libraries
- Transformational $104 Million Musculoskeletal Healthcare Opportunity as Expansion Strategy Accelerates for Cardiff Lexington Corp (Stock Symbol: CDIX)
- PropAccount.com Launches Marketing Hub Within PropGenie, Giving Prop Firm Operators an Automated Marketing Team
- Save 15 Percent Off Florida Keys Accommodations with KeysCaribbean's Advance Purchase Rate Discount
- Woodside Rehab & Nursing Enters a New Era of Clinical Excellence and Growth
- Thar Process Partners with French Leader ExtrateX to Bring Prep to Process-Scale SFC to Europe