creates a business
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
Is it possible to describe the basics of a successful business in a few words? Is there any simple way to uncover the essence of a successful business quickly and briefly? Does a successful business have any special beginning, the right start of a business? Does a successful business have a foundation? My answer is yes. There is a foundation on which a successful business rests.
The basics of a successful business from a professional
In principle, not only business has a foundation, but everything that surrounds us. The building has a foundation. Children have parents. Trees have roots. There is a foundation for business, because our world is so arranged. Knowing this foundation, you can safely start any business. You don’t need to know much. Business seems to be a difficult task, but this is far from the case. 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