Backed-up inventory, debt not paying itself off, head in hands wondering what to do — it’s a common experience among many business owners. At the end of the day, it’s really the most common reason any business ends up failing — because income isn’t thought out or protected, according to The Hartford. However, some business owners are changing their way of doing things. A more reasonable way to start a business may be with a subscription-based model.
A subscription-based business model can save you money and eliminate risk. Now, it’s understandable if this sounds odd or deterring. After all, outside of something like Netflix, how many subscription models does the average person buy into or rely upon? Regardless of your lack of participation in such things, it may be a better idea than you think, and this is why. (more…)
Bio: Avery T. Phillips is a freelance human being with too much to say. She loves nature and examining human interactions with the world, especially when it comes to business, tech, and workplace safety. Comment or reach out @A_Taylorian with any questions or suggestions.