Why spend and time and money trying to come up with the next biggest business idea, when it’s far easier and profitable to follow the path already laid and signposted by existing businesses?
Ultimately, there is really no such thing as a `new business’, as every new business regardless of how innovative or radical is simply a variation of an existing business model.
For example, some of the most successful and profitable large UK businesses simply retail other companies’ products. You don’t see large supermarket chains spending oodles of cash and time in innovating the next best washing-up liquid. Or a successful clothing retailer commissioning clothes designers to come up with a mind-blowing, wallet-opening range of clothing. Instead they simply operate on the basis that it’s far easier to buy existing sought after goods and retail them at the lowest possible cost to achieve maximum profits.
I’m not suggesting you take on the supermarket or retail giants of this world, but I do think that we can all learn from their successful formula by simply adopting an existing business model and making it more profitable and more successful.
My top ten home-based businesses include:
- Cleaning business.
- Gardening business.
- Child minding business.
- Pet sitting business.
- Greetings cards business.
- A tutoring agency.
- Bed and breakfast.
- Catering business.
- Antiques dealing.
- Internet business.
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