At all times, innovative business development brought maximum profits. If you study the history of business, it becomes obvious that the greatest profit was brought by businesses, the essence of which is the embodiment and development of new ideas. This is due to the fact that the implementation and development of new ideas leads to the emergence of new needs.
Innovative business development
New needs are fashionable and cool. For the satisfaction of the needs that people are willing to pay money, big money. From here and the earnings, really good earnings. Old needs can also be earned, but usually very little. In order to earn a lot on old needs, you need to spend a lot of time. 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