Business ideas which won’t work
Rod Drury writes in the Herald about business ideas that won’t work. A very interesting read. Some of those he advises against:
- Anything that involves text messaging or mobile data as margins from carriers too low
- Taking on Trade Me as they already have all the customers
- Anything aimed at taking bricks and mortar retailers online due to history of failure
- Anything to do with document or content management as done before
- A start up involving retail point of sale will not work as cost of sales and support too high
- An export-focused business where the founders are not willing to travel abroad
- A business where the founder is not happy to step aside and let another person be the CEO
- Any business depending on low-cost Google AdWords as their cost will rise
- Any software business where the software development is outsourced to a consulting company as not nimble enough
- Any business without a business plan will not work
Looks a pretty useful list to me. Any that people disagree with or that they would add on?