has a voice
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 these is the launch of new business areas. The second niche is assistance to medium, but most often large business. 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 Perspectives in the 21st Century
In other words, the vast majority of small businesses work as assistants to big business and, accordingly, depend on it. For example, car services are assistants to car manufacturers and their spare parts. The field of trade is assistants to manufacturers of goods. Travel agencies are assistants to tour operators. Continue reading
The right start to your own business is to find a promising idea. A good idea is a guarantee of a successful business. Most businesses go bankrupt in the first year just for the reason that they are based on either no idea at all, or the idea has no prospects. 80% of success depends on the idea and another 20% depends on how and by which algorithm it is realized.
The right start of your own business
An analysis of the most expensive companies in the world shows that a promising idea was laid at the heart of each of them on a stratum. In turn, an analysis of failed startups shows that they were based on an idea that initially had no prospects. All this suggests that you should not take on the first idea that you get and start a business on its basis. Continue reading
Since it does not give, it means that it contradicts its principles. Of course, the first principle of the invisible hand of the market is that it helps only its own. It is clear that there is no sense whatsoever in helping someone else. Accordingly, in order to get a voice from the invisible hand of the market, you need to get to know her, but it is better to be on friendly terms with her.
The second principle is to help only when help is really needed. If they help, when they don’t ask, they can send them to hell. This very often happens and she is well aware of this. The third principle – it helps only goods about which it has enough information, goods that the market really needs. This information needs to be passed on to her.
She herself will not ask her, guided by her second principle. Moreover, the more information will be transmitted to the invisible hand of the market, the more likely it is to get her vote in her favor, because the more information she has, the easier it is to convince the buyer to buy the product. To transmit information, it must be with the seller. Continue reading