Business improvement is a necessity because everything flows and changes. Once the most profitable business was agriculture. Then industry became the most profitable business. After industry, information technology has become the most profitable business, but its profitability will soon fall.
Improving business with a new methodology
In recent years, the creative business has started to get out of the lead. The product of creative business is the creative economy, and the representatives of this business are the creative class. The most money is now earned by businesses associated with creativity. This is due to the fact that we have entered the post – industrial economy, the main product of which is creativity. Continue reading
The prospects of small business are connected with the understanding of the fact that it occupies one of two niches in the economy. The first of them is the start of new business areas. The second niche is to help medium-sized, but most often large businesses. In our conditions, about 10-20% of small businesses work in the first niche. In the second niche – 80-90% of small businesses.
Small business prospects in the 21st century
In other words, the vast majority of small businesses work as assistants to big business and therefore depend on it. For example, car service centers are assistants to manufacturers of cars and spare parts to them. The sphere of trade is the helpers of producers of goods. Travel agencies are assistants to tour operators. Continue reading