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I would recommend that you simply hyper specialize if you’re starting an e-commerce business. Why? As a result of many e-commerce websites have very deep pockets and patient buyers and are prepared to promote products for razor skinny margins (i.e. Amazon) or even at a loss to construct market share. That being said in the event you can show some solid income on this enterprise, and especially when you’ve got repeat prospects, you should have a business that is price a lot of money even before it’s profitable.
In Boston one of the best high skyscraper restaurant areas was taken over by a banquet facility firm. The proprietor of this enterprise grew up within the restaurant enterprise however determined to build his personal business solely round banquets. A banquet facility is an interesting alternative to the tough restaurant enterprise. You get to match your labor and food prices carefully to your income. And by having a dedicated house and a tightly focused enterprise it’s best to be able to execute well.