Unless you develop very high-valued specialized services (hard), hit a niche market that pays well, or find a way to grow stupidly fast and attract clients in droves, you'll end up wanting to build some kind of scalable product.
Standard services offer diminishing returns. I still believe a healthy business can flourish on it, but it requires a few ingredients:
- a great team
- vision (more important than you may think)
- timing/market demand
- great sales/marketing
- will to endure lots of crap
One harder to get than the other.
A product-focused endeavor has higher potential, is more fun an less stressful, although it's also more risky. A service business will almost certainly fly, but going up high is way harder. So, I guess it depends on your personal goals.
(my POV from past few years experience. I might be wrong)
Standard services offer diminishing returns. I still believe a healthy business can flourish on it, but it requires a few ingredients:
One harder to get than the other.A product-focused endeavor has higher potential, is more fun an less stressful, although it's also more risky. A service business will almost certainly fly, but going up high is way harder. So, I guess it depends on your personal goals.
(my POV from past few years experience. I might be wrong)