I’m considering making a switch from my current company which is product based to a service based company. I would like to know if it is a good idea and what the pros and cons are.
There are a few key things to consider when thinking about making a switch from a product-based company to a service-based company. The first is what kind of products your company currently offers and how well they are selling. If your products are not selling well or are in a declining market, then it may make sense to switch to a service-based model. The second thing to consider is what kind of services your company could offer that would be in demand. If you can identify a service that is in high demand and that your company is well-suited to provide, then making the switch could be a good idea. There are a few potential benefits of making the switch from a product-based company to a service-based company. First, it can be easier to scale a service-based business than a product-based business. This is because services can be delivered remotely and often do not require the same level of infrastructure as products. Second, a service-based business can be more flexible and responsive to customer needs than a product-based business. This is because services can be customized and delivered on an as-needed basis, whereas products are often more standardized. There are also a few potential drawbacks to making the switch from a product-based company to a service-based company. First, it can be difficult to transition from a product-based business model to a service-based business model. This is because it can be difficult to change the way your company is organized and staffed to support a service