There are many factors to consider when deciding

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A business business model can be divided into two main categories: product-based and service-based . Understanding the difference between the two is crucial for both entrepreneurs and business owners.



Product-based businesses are businesses that create and sell tangible goods. These goods are cambodia whatsapp number data typically produced in a supply chain, delivered to a specific location, and then sold to customers. Service businesses, on the other hand, provide intangible value through their expertise, skills, and time.

whether to start a product-based or service-based business. For example, product-based businesses may require a significant amount of capital to start, as they often require investments in equipment and inventory. Service-based businesses, on the other hand, may require less upfront investment, but may require more time and effort to build a reputation and customer base.