excellent conditions
Modern prospects of small business
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, 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 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 the assistants to manufacturers of goods. Travel agencies are assistants to tour operators. Continue reading
The right start of your own business
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 perspective. 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
Analysis of the most expensive companies in the world shows that each of them is based on a stratum with a promising idea. 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
The basic principle of the invisible hand of the market
The invisible hand of the market can influence the decisions that buyers and sellers make. She has a voice in any transaction and can give it to both the seller and the buyer. Everything would be fine, but the expression “invisible hand of the market” is a little scary. Everything that is not visible is not clear, you do not know what to expect from the invisibility, you do not know whether this is a friend or an enemy.
Accordingly, an invisible hand is an idea.
Accordingly, the question arises, but what is such an “invisible hand of the market”? The answer to this question is very simple. Everything visible is material, which means that the invisible hand of the market is not related to the material. If not material, it means ideal, because there simply are no other options. Accordingly, an invisible hand is an idea. Continue reading
