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 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
Where to find customers is the issue that most worries businessmen. They think about it an average of 50 times a day. A businessman wakes up with the thought of where to get customers and goes to bed with that thought too. Sometimes a businessman even dreams when he is looking for customers. In fact, the whole life of a businessman revolves around thoughts about customers.
Where to find customers and sell more
Clients are the center of the businessman’s world. Why is that? Everything is simple – a business cannot exist without clients. A client for business is like charging for a smartphone. While the business is charged with customers, it works. Continue reading