Citi Bin News Today

Between service and product businesses, liz say they scale differently too. its largely confined to the local market and product is not. >> its much more difficult to scale a service business. theres just a lot more human beings involved, lot more variability involved. it primarily is a local business. >> she says this means that growth in a product-based business can have fewer limitations than with a service-based business. she likes that. >> not only can i scale the business in terms of geogr...

Repair business. tasha owe fairly was her part-time bookkeeper. liz has spun off a new business, citi bin selling a trash can storage product she developed at checklist. >> had a lot of clients that needed custom carpentry projects. they were increasingly asking for trash enclosures. >> liz saw an opportunity for the trash can and closure requests. after careful market research, she founded citi bin to make and sell these high-end storage products. >> when we decided to make it a business and re...

And predictable. there were low startup costs and easy financials. >> the costs related to running the business get covered as the business runs. whereas, the hardware store purchase maybe cost $50. the inventory purchase can be six figures, easily. >> just to start up citi bin, she needed to develop a prototype. stock up inventory all before earning a single penny. this required a ten-year six-figure sba backed loan. >> i needed to put my house on the line to get that loan. literally, if my bus...

Business. tasha is her part-time bookkeeper. today she runs it and liz has spun off for herself a new business, city bin. selling a trash can storage bin. >> we needed a lot of clients that needed customer products and they needed trash enclose euros. >> she saw an opportunity. after careful research she founded citi bin to make and sell these high end durable storage products. >> so when we decided to make its own business and productize the service we had been offering, we had a lot of busines...

Predictable. and there were low startup costs and easy financials. >> the cost related to running the business got covered as the business runs. >> whereas the hardware store purchase maybe cost $50, the inventory purchase can be six figures easily. >> just to start up citi bin, she had to pay for factory tooling, stock up inventory before earning a single penny. this required a ten-year, six-figure fda backed loan. >> i needed to put my house on the line to get that loan. if my business fails, ...

Tasha owe farrell is her part-time bookkeeper. >> citi bin sells a trash can storage product she developed at checklists. >> have a lot of clients that needed custom carpentry projects and they were increasing asking for trash enclosures. >> liz saw an opportunity in all those trash can enclosure requests. after careful market research, she founded citi bin to make and sell these high end storage products. >> we decided to make it its own business. we had a lot of experience. >> nevertheless, sw...