excellent conditions
How to find sources of profit
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
The 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
Innovation as a profit generator
At all times, innovative business development has 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. To meet such a need, people are willing to pay money, big money. This is where the earnings come from, very good earnings. Old needs can also be earned, but usually very little. In order to earn a lot from old needs, you need to spend a lot of time. Continue reading
How to build a profitable business
The goal of any businessman is to have a profitable business. In order to build such a business, you need to know what profit is inherently. It seems that everything is clear here – profit is a positive difference between income and expenses for the production or acquisition and sale of goods and services. Accordingly, if you want to make a profit, you need to increase this difference.
How to build a profitable business
But if you increase the difference, then it may happen that no one will buy anything at all. Why? Because in fact, profit is the difference between the cost of producing or purchasing and selling goods or services and the value of these goods and services. Continue reading
