indicates that there
The main sources of profit are changing following a change in the economic level. We are currently moving from a fourth economic level to a fifth. Accordingly, very soon only businesses that are engaged in the creation of goods and the provision of services of the fifth economic level will be able to make good profits.
Sources arrived in modern conditions
Levels of the economy are called sectors. Currently, 5 sectors are distinguished: primary, secondary, tertiary, quaternary, quaternary. At different times, each of these sectors was a “locomotive of the economy” and gave the owner of the respective assets wealth and power, acting as a source of profit, power and recognition. 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 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