Business ideas which won’t work

Rod Drury writes in the Herald about business ideas that won't work.  A very interesting read.  Some of those he advises against:

  • Anything that involves text messaging or mobile as margins from carriers too low
  • Taking on Me as they already have all the customers
  • Anything aimed at taking bricks and mortar retailers online due to of failure
  • Anything to do with document or content management as done before
  • A start up involving retail point of sale will not work as cost of sales and support too high
  • An export-focused business where the founders are not willing to travel abroad
  • A business where the founder is not happy to step aside and let another person be the CEO
  • Any business depending on low-cost AdWords as their cost will rise
  • Any software business where the software development is outsourced to a consulting company as not nimble enough
  • Any business without a business plan will not work

Looks a pretty useful list to me.  Any that people disagree with or that they would add on?

Comments (17)

Login to comment or vote

Add a Comment