Page 14 - Liz Wright News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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, my house is on the line. that probably means my marriage would be on the line. >> liz was initially ...

the area on thursday. dorner described as a trained assassin and is accused of three killings over the past week, including a policeman. a live report on the man hunt straight ahead. you're hearing that all over new england. people in the blizzard zone spending their sundays shoveling out, getting ready for tomorrow's commute. 300,000 homes are still without elected terrorist. we're live from the boston area in a few minutes on what promises to be a tough ride to and from work tomorrow. this just in. police may be closing in on the killers of a chicago team who performed at the i...

>> while that's two key areas of difference, liz also says they scale differently, too. because service is largely confined to the local market and product is not. >> it's much more difficult to scale a service business. there's a lot more human beings involved. there's a lot more variability involved. but 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 geography, but i can scale it in terms of product. we can expand an...

Helps reduce porch piracy and keep packages safe u. >> by moving into product development and marketing, liz discovered her strong suit and she's running with it. >> we're in high broe mode. we've launched two products this year and we'll be focusing on marketing and scaling the business. >> speeding through airport security is a reality thanks to karen sizeman becker and the clear lanes you see at the local airport. it almost didn't happen. becker is a big believer in biometrics, the sci-fi movie like technology between iris scans. she saw an opportunity where others didn't. she took a big ga...

Its own logistical mine field. >> when a client says something as simple as i need plaster repairs, i want to know the area of that repair, do you have the paint, do we have to provide that, do we need a ladder. what size ladder, what tools do we need to bring, what materials do we need to bring. >> if you don't get the logistics right, it could end up being unprofitable. >> liz credits tasha's tactical mind-set for much of that success? >> she's amazing at that. she was a part-time bookkeeper and then able to run the whole operation. >> moving over to the product-based business, liz made a ha...