Service-based Startup

A service-based startup is a new business that primarily offers services rather than physical products. This could include consulting, web development, marketing, or personal services like cleaning or tutoring. Entrepreneurs in this space focus on providing expertise or skills to meet customer needs. They often rely on their knowledge and experience to build a client base and solve specific problems. Service-based startups can be cost-effective to start since they typically require less upfront investment in inventory or production, allowing for faster growth and adaptability in response to market demands.