Thinking of launching a business but divided on choice? It is not you alone, don’t worry because many people go through this problem.
You have more than three ideas or even just two but you do not know which one to pick and which one to drop. The idea could be to start a shop but you do not know the exact kind of items you should sell. You are divided among selling households, foodstuff, malimali, hardware or electronics. This condition, in economics, is referred to as paradox of choice or choice paralysis.
However, don’t worry because we have an answer for you ready. Whenever you find yourself in a mix sort of business stage, always take a back step and do the comparison.
Compare capital required in each business, licencing as well as manpower. You also can see which one requires how much space.
Lastly, look at the returns. Which items will make you reliable profits. Once, in your own analysis and research, you find out that product B is more profitable than product A, go for B immediately.
Be warned that taking a too longer time trying to think about what to sell and what not to sell, could finally interfere with your plans. Too much time wasted is poisonous. And as usual, you know time is of an essence.
