Part 3/9:
Legal Services: AI tools can assist with contract analysis and drafting, saving firms time and money.
Team Training: AI can revolutionize how companies onboard new employees by providing personalized, on-demand training resources.
2. Aim for High Margins
To survive and thrive in today's competitive market, selecting a high-margin business model is essential. The higher the margin, the greater the financial buffer against market fluctuations. Suggested business models include:
AI Services (70% Margin): Designing workflows and automation systems for businesses implementing AI.
AI Consulting (80% Margin): Providing hands-on support to companies transitioning to AI-driven operations.