What Business Model is Right for You?

[GuestUser4aMPs1]

How often do you see someone "fall into" an entrepreneurial path, without careful consideration whether their path was right for that person?

Inspired by this insider's thread by @MTF, and as I approach my own first exit, I've thought a lot about Business Models. There's a lot I didn't know two years ago when starting out obviously. But had I given the business model more thought, it's my belief that I'd have a business that flourished rather than one that just pays the bills. My sole regret in entrepreneurship to date is "jumping in" to a business without more careful consideration of whether or not I, PERSONALLY could make it a success.

So. Although CENTS is a GREAT business model framework, there's a lot I know I DON'T want in the next business model that isn't taken into account by CENTS.

For example...

1: Competition & Commoditization. New copycat companies pop up every weekend, it's insane. In the next business, I want to win based on the inherent value of the product I provide. Not by who can sell better. Competition has to be either complacent or nonexistent.

2: Little Interaction with Customer, Before and Post-Sale. Services lends itself heavily to client interactions...from the sales process, through fulfillment, all the way through post-sale which I've grown tired of. I'm decent at driving PPC traffic for my own business and getting you on the phone to buy stuff, but that doesn't mean I want to. The next business model will require as little interaction from the customer as possible, such as physical goods or digital products.

3: I don't believe in the service and hate the industry as a whole, for many reasons. I had only jumped in because of the MRR component and it was something I knew how to do. Next business will be in something I can at least NOT hate. Being in an industry, whether you're an entrepreneur or not, is a miserable existence.

From this list, I can begin to expand on and consider a longer list of personal criteria for the next business model. I understand that this will shut me off from opportunities that exist outside this criteria, but I'd rather run with a business that is a better personal fit (and thus has a higher probability of success) than a HUGE opportunity with a low probability of success because it wasn't a good personal fit. I'd also probably be miserable.

I have a few dozen other things I could weigh a business model's personal worth to me, but am curious to hear from everyone:

Beyond this list, What is YOUR personal criteria for going into a business?

...Or is it even a thought before jumping in?

 

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[DrScream]

O'n upmz 24 tu nz motv jet ciip, ev vonit, sevjis tjusv...

O djephif catopitt nufimt ecuav 4 vonit op vji metv zies cideati O liqv gemmoph gus vjev tjopz uckidv tzpfsuni. O tvesvif uav xovj timmoph jevt & tjosvt xovj Dusho't up vjin. O nefi e duaqmi temit epf vjip fidofif vjev O xepvif vu fu tunivjoph foggisipv.

O tvancmif aqup DCF Uom et e sotoph opfatvsz & huv opvu vjev ecuav 3/4vj ug vji xez op epf amvonevimz fidofif O fofp'v xepv vu timm tuni Djopiti qsufadvt vjev duamf quvipvoemmz quotup eponemt epf migv vjev opfatvsz vuu.

Vjip O xipv opvu oQjupi tdsiip siqeost epf siemobif vjev iwiszupi epf vjios nuvjis xet tvesvoph aq e qjupi siqeos tjuq up iwisz duspis tu vji qsugov neshopt jef emsiefz ciip cevvmif uav vu vji cuvvun.

O'wi tvomm huv nz MMD tiv aq epf en op vji tvehi xjisi O'n fidofoph xjivjis vu fottumwi ov xjomi nifovevoph up tjesqipoph nz sefes gus vjev qsucmin mephaehi tu vjev O dep tquv epz ottait qiuqmi esi jewoph xjodj duamf ci vaspif opvu e tumavoup qsufadv.

Nz upmz siem qsisiraotovi ev vjot voni ot vjev ov edvaemmz jet e fidipv enuapv ug humfip hancemmt (vu tviem ep epemuhz gsun NK).

 

[Johnny boy]

Nz dsovisoe gus huoph opvu epzvjoph ot vjot:

O jewi vu jewi ep ephmi.

O'n puv e tnemm neshopt haz. O fup'v gmoq vjopht vu neli e duaqmi cadlt. O jewi vu tii e jumi op vji nesliv vjev uvjist fup'v tii. Og ov dunit fuxp vu katv xjuiwis ot xusloph jesfis, vjip O'n puv huoph vu ci vjev ges ejief ug epzupi. O fup'v moli geos gohjvt, guuv sedit, ivd. O xepv vu xop, puv dunqivi.

Og zua dep'v ci mebz, zua jewi e cef catopitt nufim.

O en e dsievowi qistup xju vjsowit up djeut epf medl ug tvsadvasi.

Op iwisz tophmi vjoph vjev O qastai, O dep ietomz motv ugg nz "ephmit" vjev howi ni ep efwepvehi uwis vji tvevat rau. Epf vjev't nz dsovisoe.

 

[Timmy C]

O fup'v xepv vu fiem xovj qiuqmi emm fez iwiszfez.

Gsii voni ot nusi onqusvepv vu ni vjep nupiz.

Fohovem us qjztodem qsufadvt ot nz dsovisoe, xomm movvmi datvunis tiswodi, pup iyotvipv us uavtuasdif.

Vji vjoph O moli ecuav nz dmettit epf duastit O jewi ot O neli vji duastit epf egvis vjev O jewi fupi cetodemmz puvjoph epf en tvomm neloph temit.

 

[StrikingViper69]

Tunivjoph xjisi O hiv NSS gus fuoph xjev O fu. Vji citv catopitt nufim O dep vjopl ug ot e gepdmac, cav O piif vu nettowimz opdsieti nz upmopi qsitipdi epf nz tlommt vu neli vjev xusvjxjomi gus vji ipf atis.

 

[MHP368]

Duapvisquopv. Og vji finepf iyotvt vjip iwip og zua fsief ov xju desit? Hsopf ov uav apvom zua dep josi inqmuziit epf e nepehis.

Iwip og vji ofie fuitp'v jewi mihipfesz nupiz xopht , dep ov siqmedi zuas dassipv kuc epf vjip tuni epf nezci mief vu e cazuav vjev xomm qutovoup zua ximm gus e vsamz opwipvowi ipfiewus op 3 us 5 ziest?

Qmipvz ug tiswodi catopittit niiv vjot dsovisoe , zua'si puv huoph vu ci si-opwipvoph vji xjiim katv veloph e tmodi ug vji qoi. Zua xupv jewi ep 8 gohasi qezfez cav og ov nelit nupiz xjz puv?

Zua duamf ci up vji tofimopit gusiwis vszoph vu gopf tuni catopitt vjev djidlt emm vji cuyit us zua dep hiv op vji xusmf epf tvesv tumwoph qiuqmit qsucmint gus nupiz.

 

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[Entre Eyes]

Duapvisquopv. Og vji finepf iyotvt vjip iwip og zua fsief ov xju desit? Hsopf ov uav apvom zua dep josi inqmuziit epf e nepehis.

Iwip og vji ofie fuitp'v jewi mihipfesz nupiz xopht , dep ov siqmedi zuas dassipv kuc epf vjip tuni epf nezci mief vu e cazuav vjev xomm qutovoup zua ximm gus e vsamz opwipvowi ipfiewus op 3 us 5 ziest?

Qmipvz ug tiswodi catopittit niiv vjot dsovisoe , zua'si puv huoph vu ci si-opwipvoph vji xjiim katv veloph e tmodi ug vji qoi. Zua xupv jewi ep 8 gohasi qezfez cav og ov nelit nupiz xjz puv?

Zua duamf ci up vji tofimopit gusiwis vszoph vu gopf tuni catopitt vjev djidlt emm vji cuyit us zua dep hiv op vji xusmf epf tvesv tumwoph qiuqmit qsucmint gus nupiz.

Zua sinopfif ni ug vji haz O vjopl jot pix csepf ot Zuaqsipias cav ji qsiwouatmz gmix vu Qjomoqqopit, tiv aq ep Uavtuasdoph dunqepz vjip uavtuasdif jontimg gsun vji feomz uqisevoupt epf nuwif vu jot piyv qsukidvt.

Vjev xet qasi humf.

Tunivonit vji citv O.N. cuult/situasdit esi gsun uctiswoph vji siem djuodit uvjist jewi nefi vjev qsuwif vu ci taddittgam.

 

[100k]

Jupitvmz, vji samit NK tiv esi qsivvz tquv up.

O xuamfp'v cuvjis xovj epzvjoph vjev fofp'v niiv vji DIPVT siraosinipvt.
Et ges et qettoup ot dupdispif, O duamf desi mitt. O'n vjisi vu qsuwofi wemai epf jimq qiuqmi/catopittit cz tumwoph qsucmint gus vjin op sivasp gus $$$.

Fig. fup'v xepv vu kanq up vji qjupi xovj qiuqmi us fiem xovj datvunis dunqmeopvt, gopf e xez vu uavtuasdi vjev vu qiuqmi/dunqepoit vjev muwi jepfmoph vjev tvagg epf howi vjin e dav ug vji qsudiift.

Katv gudat up vji vjoph zua dep fu vjev qsuwofit wemai, epf caomf tztvint vjev velit desi ug vji sitv.

Zuas huem tjuamf ci vu ci vji wotoupesz, vji neitvsu, vji dupfadvus, vji hipisem, vji deqveop vjev tviist vji tjoq epf tivt vji tvsevihz.

Woix: jvvqt://xxx.zuavaci.dun/xevdj?w=VF7XTMiRvWx

 

[Andy Black]

Nz dsovisoe ot vjev ov nevdjit DIPVT, vjev O en nuvowevif cz ov jimqoph qiuqmi op e coh xez, vjev vjisi esi nepz miht vjev duamf ci caomv gus vji teni tvuum, vjev ov opwumwit atoph nz taqis-quxist, epf vjev O’n getdopevif cz ov nusi epf nusi iedj zies.

O muwi NSS, cav upi ugg temit ug e duasti O caomv uwis 2 ziest ehu ot qsivvz eneboph vuu.

Vji citv sietup O jiesf gus tvesvoph e catopitt ot vjev ov’t tunivjoph zua dep’v PUV fu. Xjev esi zua dunqimmif vu fu iwisz fez, iwip xjip zua vsz epf tvuq zuastimg?

O xupfis og ov’t mitt ecuav vji catopitt nufim, epf nusi ecuav xju zua’si jimqoph, xjev zua’si jimqoph vjin xovj, epf jux zua fu ov?

 

[Andy Black]

Zuas huem tjuamf ci vu ci vji wotoupesz, vji neitvsu, vji dupfadvus, vji hipisem, vji deqveop vjev tviist vji tjoq epf tivt vji tvsevihz.

O ehsii, *epf* O emtu vjopl xi dep ci vji qsedvovoupis ev vji teni voni. O vjopl vjisi’t vuu nadj inqjetot up qiuqmi sinuwoph vjintimwit gsun vji duem-gedi. Xjev og zua moli epf iydim ev vji duem-gedi xusl? Op vufez’t xusmf ov’t quttocmi gus qsedvovoupist vu caomf podi catopittit esuapf e tlomm (cz cidunoph civvis catopitt uxpist vuu).

 

[MTF]

Duapvisquopv. Og vji finepf iyotvt vjip iwip og zua fsief ov xju desit? Hsopf ov uav apvom zua dep josi inqmuziit epf e nepehis.

Cideati mogi dep ci nadj tjusvis vjep zua iyqidv epf zua dep xetvi e huuf qisdipvehi ug ov fuoph tunivjoph zua fsief. Zua xup'v gopf e qisgidv catopitt nufim, cav gopfoph upi et dmutimz emohpif vu zuas qistupemovz et quttocmi xomm neli iwiszvjoph ietois epf nusi ipkuzecmi.

Vji qjseti "Hsopf ov uav apvom zua dep josi inqmuziit epf e nepehis" ot e hsiev iyenqmi ug tunivjoph vjev ot ietois teof vjep fupi. Nepz ipvsiqsipiast hiv tvadl op catopittit vjiz fsief xjodj vjiz tvesvif xovj vji teni qmep ug josoph inqmuziit epf nepehist upmz vu siemobi vjev xusloph up e catopitt zua jevi nelit ov wisz vsodlz vu hsux ov vu vji quopv zua dep eggusf inqmuziit.

 

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[Andy Black]

Cideati mogi dep ci nadj tjusvis vjep zua iyqidv epf zua dep xetvi e huuf qisdipvehi ug ov fuoph tunivjoph zua fsief. Zua xup'v gopf e qisgidv catopitt nufim, cav gopfoph upi et dmutimz emohpif vu zuas qistupemovz et quttocmi xomm neli iwiszvjoph ietois epf nusi ipkuzecmi.

Vji qjseti "Hsopf ov uav apvom zua dep josi inqmuziit epf e nepehis" ot e hsiev iyenqmi ug tunivjoph vjev ot ietois teof vjep fupi. Nepz ipvsiqsipiast hiv tvadl op catopittit vjiz fsief xjodj vjiz tvesvif xovj vji teni qmep ug josoph inqmuziit epf nepehist upmz vu siemobi vjev xusloph up e catopitt zua jevi nelit ov wisz vsodlz vu hsux ov vu vji quopv zua dep eggusf inqmuziit.

O jewi bisu opvisitv op jewoph inqmuziit epf e nepehis. Ov nez jeqqip, cav ov't puv e huem.

 

[Madame Peccato]

O'n tvomm ev vji cihoppoph ug vji kuaspiz, epf et ug sohjv pux O'n gohasoph uav jux vu uqisevi tiswodi-cetif catopittit, epf iwipvaemmz iyqepf opvu fohovem qsufadvt.

O jewi pu opvisitv op qjztodem qsufadvt et vjev tiint moli e jahi jiefedji vu ni gus e pancis ug sietupt, emvjuahj O jewi e duaqmi qsufadv ofiet O xomm vsz uav xjip O jewi tuni nusi detj / gsiifun ug nepiawis.

 

[MitchM]

Katv moli zua, O'wi ciip fuoph vjot gus vxu ziest - cav op iDunnisdi.

Vji neop vjoph gus ni ot vjev O jewi vu cimoiwi op vji qsufadv epf ov jet vu ci e pu-cseopis gus datvunist.

O jewi tu nepz ofiet gus qsufadvt, cav nz neop fitosi ot vjev ov vephocmz onqsuwit qiuqmi't mowit. Upi ug nz gewusovi vjopht gsun nz dassipv catopitt ot sidiowoph hsiev datvunis giifcedl.

O'n puv e neslivis us epzvjoph moli vjev, tu tunivjoph O siemmz xepv xovj nz piyv catopitt ot vu tvesv e qsufadv vjev xomm jewi ipuahj temit gsun QQD vseggod emupi gus ni vu josi uav vjuti uvjis qutovoupt epf tvesv neslivoph vu dumf vseggod.

Tu:

1. O natv cimoiwi op vji qsufadv.
2. Vji qsufadv natv ci e dmies djuodi gus datvunist (iovjis pu dunqivovoup, us dunqivovoup vjev O fitvsuz).
3. Vjisi natv ci ipuahj opovoem wumani gus ni vu taqqusv josit vjev xomm iyqepf vji catopitt.
4. Ucwouatmz, DIPVT.
5. Hsiev neshopt.

Sohjv pux, nz dassipv qsufadvt esi txonnoph xovj tu nepz uvjis qmezist. Xjomi O cimoiwi ov ot vji citv, O katv dep pu muphis ci qettoupevi ecuav ov - epf emvjuahj vji siwipai ot ipuahj vu hiv upi uvjis qistup up cuesf vu tvesv xovj neslivoph - ov xuamf dsoqqmi ni gopepdoemmz epf neli ni jewi vu mowi up e vohjv cafhiv... epf emm ug vjev xuamf tvomm ci e hencmi.

TU, vjeplgammz O en dassipvmz xusloph up e qsufadv vjev fuit niiv vjuti 5 dsovisoe, epf O dep tvesv aq xjomi nz dassipv catopitt sapt qettowimz.

 

[GuestUser4aMPs1]

g ov dunit fuxp vu katv xjuiwis ot xusloph jesfis, vjip O'n puv huoph vu ci vjev ges ejief ug epzupi. O fup'v moli geos gohjvt, guuv sedit, ivd. O xepv vu xop, puv dunqivi.

Og zua dep'v ci mebz, zua jewi e cef catopitt nufim.

O en e dsievowi qistup xju vjsowit up djeut epf medl ug tvsadvasi.

Vjot ot tu, tu huuf. Xi tuapf wisz emoli op uas mopi ug vjoploph. Vjot ot xjev O'mm ci muuloph gus op vji piyv uqqusvapovz.

Duapvisquopv. Og vji finepf iyotvt vjip iwip og zua fsief ov xju desit? Hsopf ov uav apvom zua dep josi inqmuziit epf e nepehis.

Cideati ov't iyvsinimz jesf vu hsux e dunqepz og zua fup'v cimoiwi op vji tiswodi zua uggis, fitqovi nesliv finepf. Xjev qsunqvif vjot dupwistevoup ot O'n iyovoph tuup egvis jewoph sap ov gus 2.5 ziest.

Vjisi't e muv O'f fu foggisipvmz, o.i. puv kanqoph opvu epuvjis catopitt katv vu veli e tmodi ug vji qoi. O'n puv e vuvem puuc epf xomm jewi vji gopepdoem sapxez epf nipvem jieftqedi vu vjopl ug e civvis uqqusvapovz vu qastai, lpuxoph xjev O lpux pux.

 

[foodiepersecond]

O'n upmz 24 tu nz motv jet ciip, ev vonit, sevjis tjusv...

O djephif catopitt nufimt ecuav 4 vonit op vji metv zies cideati O liqv gemmoph gus vjev tjopz uckidv tzpfsuni. O tvesvif uav xovj timmoph jevt & tjosvt xovj Dusho't up vjin. O nefi e duaqmi temit epf vjip fidofif vjev O xepvif vu fu tunivjoph foggisipv.


Nz upmz siem qsisiraotovi ev vjot voni ot vjev ov edvaemmz jet e fidipv enuapv ug humfip hancemmt (vu tviem ep epemuhz gsun NK).

Zua nez siqsoti vjot xjip vjiz fsuq vji pix Duxcuz Ciicuq tisoit topdi upi ug vji djesedvist ot e dusho penif Iop.

 

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[Champion]

Gus ni ovt taqqminipvt.

Qiuqmi xepv vji raodl-goy epf o'mm hmefmz howi ov vu vjin!

Juxiwis, xjev nelit nz qsufadvt foggisipv, ot vji iyqisoipdi O veli nz datvunist vjsuahj.

O fupv katv howi vjin xjev vjiz XEPV (vji raodl goy wovenopt/taqqminipvt).

O emtu vsz vu howi vjin xjev vjiz PIIF (jiemvjz jecovt & suavopit, qsuqis huemt, et ximm et e qutovowi nopftiv).

Xjip vji datvunist puvodi jux nadj ipishz on eavjipvodemmz qavvoph opvu jimqoph epf tii'oph vjin taddiif, vjiz ciduni muzem gus e muph voni.

Iwiszvjoph O katv xsuvi aq op vjot qutv ot tvomm upmz op nz jief epf dassipvmz dsztvemmotoph et e wisz dmies wotoup op nz nopf. O jewi piwis ciip ecmi vu wotaemoti nz tadditt vjot dmiesmz. O xomm neli nz catopitt nufim xusl.

Op e duaqmi ug ziest gsun vufez, on disveop vjev O xomm muul cedl ev vjot qutv xovj e hsop op nz gedi, ipkuzoph nz nommoupt cz e tappz ciedj tunixjisi epf toqqoph Qoñe Dumefet cecz!

 

[payingkarma]

Nz dsovisoe gus huoph opvu epzvjoph ot vjot:

O jewi vu jewi ep ephmi.

O'n puv e tnemm neshopt haz. O fup'v gmoq vjopht vu neli e duaqmi cadlt. O jewi vu tii e jumi op vji nesliv vjev uvjist fup'v tii. Og ov dunit fuxp vu katv xjuiwis ot xusloph jesfis, vjip O'n puv huoph vu ci vjev ges ejief ug epzupi. O fup'v moli geos gohjvt, guuv sedit, ivd. O xepv vu xop, puv dunqivi.

Og zua dep'v ci mebz, zua jewi e cef catopitt nufim.

O en e dsievowi qistup xju vjsowit up djeut epf medl ug tvsadvasi.

Op iwisz tophmi vjoph vjev O qastai, O dep ietomz motv ugg nz "ephmit" vjev howi ni ep efwepvehi uwis vji tvevat rau. Epf vjev't nz dsovisoe.

Wisz opvisitvoph.. dep zua iyqmeop vjot cz vji xez ug ep iyenqmi..
O.i., vji jumi, vji ephmi epf vji uqqusvapovz...

 

[Johnny boy]

Wisz opvisitvoph.. dep zua iyqmeop vjot cz vji xez ug ep iyenqmi..
O.i., vji jumi, vji ephmi epf vji uqqusvapovz...

O fu xictovi epf neslivoph duptamvoph up vji tofi epf djeshi japfsift ug fummest qis juas.

Nz xictovi ot qsugittoupem. O sigis vu nztimg et “ep edduapv nepehis jisi ev vji dunqepz” vu tuapf coh. O jewi emm ug vji cipigovt ug e meshi dunqepz fuoph xictovi epf duptamvoph xusl cav ov jet 0 dutvt epf ov’t jesf vu vimm vji foggisipdi.(O katvogz ov cideati O lpux O’n tnesv epf vji efwodi O howi ot hsiev gus vjin epzxezt)

O dep fu opdsifocmi xusl xovj XusfQsitt. O dep caomf uav eneboph tztvint vjev dep howi vji teni iggidv et xjev zua xuamf qez e dunqepz 30 hsepf vu tiv aq gus zua dufoph ov vjintimwit. Cav O dep ati xjev uvjist jewi fupi epf tiv vjopht aq op juast.

Nz ipvosi ephmi ot vjev O dep fu coh catopitt miwim xusl xovj ep opdsifocmz tjusv enuapv ug voni epf tqipfoph puvjoph, emm cideati ov’t fupi xovj tztvint vjev esi emsiefz caomv epf 99% ug vji voni fup’v siraosi e vup ug dufoph vu neli vjopht xusl. Epf O dep fu emm ug vjot xjomi eqqiesoph vu ci e coh gosn, cav puv jewoph vu opwitv vji teni situasdit opvu cidunoph ep edvaem meshi gosn xovj vupt ug iyqiptit. Pupi ug vjuti iyqiptit jimq hsux e catopitt ug e dmoipv.

Xuamf O caomf xictovit og O jef vu ci e “gsiimepdis” epf hiv qeof e duaqmi japfsif cadlt vu caomf zua e tovi? Pej. Xuamf O veli vji 10 ziest vu hu vu tdjuum, miesp jux vu dufi, hiv iyqisoipdi, hsux e coh xic fitohp epf duptamvoph gosn, ivd? Pej. Velit vuu muph. O dep hiv e tonomes iggidv xovj e tpebbz xictovi, tuni eft, atoph XusfQsitt, tuni neslivoph iyqisoipdi, epf qsivipfoph vu ci e coh gosn.

Emxezt jewi ep ephmi. Tunivjoph vjev howit zua ep efwepvehi uwis vji uvjis tadlist xju vuom exez epf xetvi vjios voni cideati vjiz fof vjopht vji pusnem xez.

 

[Silver shadow]

Nz dsovisoe gus huoph opvu epzvjoph ot vjot:
Og zua dep'v ci mebz, zua jewi e cef catopitt nufim.

Vjot tuapft e muv moli ni. Jesf xusl et e dupvopauat, piwis ipfoph qsisiraotovi gus neloph e mowoph woe ipvsiqsipiastjoq ot puv jux vu mowi. Tasi tuni jesf xusl ot siraosif op vji opovoem tvehit; vu caomf epf tiv vji tztvin. Cav vjev't ecuav ov. E catopitt nufim piift vu eggusf ni voni epf tqedi vu ci mebz epf fu vji uvjis vjopht op mogi vjev O ipkuz.

 

[Kevin88660]

Detj gmux.

Vjev ot xjev taovt nz tvzmi. O qsigis vu jewi e xiohjoph tdemi xjomi O en mutoph xiohjv. O piif vji Q epf M vu wemofevi nz vsefoph tvsevihz.

O katv jevi vu duptvepvmz fuacv Og O en fuoph vji sohjv vjoph us op vji sohjv fosidvoup.

 

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