115. Business Models to AVOID and What Makes a Good Business Model

The Freedom Formula Podcast: Achieving Financial, Location and Time Freedom

It's a simple but perhaps not-often-repeated truth: not all business models are created equal.

In this episode, Neel talks about local services businesses he would avoid buying/starting as well as what was the one factor he looked at recently when considering a cleaning service acquisition. You'll get the scoop on:

- Why high ticket, low recurring businesses are just as desirable as low ticket, high recurring businesses

- How you could make low ticket, low recurring businesses work (if you had to)

- The importance of building "need to have" businesses, particularly in recessions

Enjoy the episode.

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If you want a foundations do-it-yourself course on how to start your own remote local business model, check out blueprint.beremotelocal.com