Startup Business Ideas in Genai for SMEs

Reddit Comments Summary

Before looking at groups or events, start with your network. "I would find like-minded individuals in my own network first before engaging with other groups."

StartupPH:
- Many in this group may not offer good advice for scaling a startup. Hostile to new ideas.
“Sinigang Valley”:
- Cohort A: Professional speakers, but may not have substantial experience.
- Cohort B: Hardworking individuals who actually put in the work to build.
- Cohort C: Foreign founders who may struggle to execute ideas effectively.
Amor Maclang Types: Avoid events associated with these individuals.
Additional Groups: Other groups mentioned may be too small or irrelevant.

Selling services instead of goods is a good startup idea. Some examples include window cleaning, landscaping, airBNB arbitrage, clothing brand, mobile oil change, and gutter cleaning.
Pros: Low start-up costs, potential for high profits.
Cons: Higher expenses than expected, need to find a niche, may be seasonal.

Consider options like a driving school, vending machines, landscaping services, pressure washing, mobile oil change, or small territories of franchises.
Pros: Lower investment required.
Cons: Additional costs like marketing, maintenance, and operations.

Suggestions include laundromats, real estate, low capital barrier businesses, and risky ideas like championship Guinea Pig racing teams or sock puppet comedy club.
Discusses the importance of considering skills, interests, and investment risks.

Tips on choosing a business name and domain effectively, including using services like Origram for domain names.
Domain availability can be a challenge, with parked domains being sold at high prices.

Reminders on the factors to consider before investing in or starting a business, such as having the right knowledge, capital, and time dedication.
Encouragement to assess personal circumstances and skills before delving into a business venture.

Discussion around underserved markets and potential business ideas like superfoods, based on personal interests and market needs.
Several users offer advice on investing in established startups, online businesses, and diverse ventures.

Preferred Business Type: Consider services over goods for lower start-up costs.
Investment Range: Assess personal funds available and risks before deciding on a business idea.
Networking: Utilize personal connections before exploring larger groups or events.
Market Research: Analyze market opportunities, underserved niches, and potential gaps in the industry.