The future of business
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Transcript of The future of business
Plan:
What is business ? How to Generate futur Business Ideas? What kind of future business an entrepreneur could
opt for?
1-business:
Business is an organization or enterprising entity engaged in commercial, industrial or professional activities
the activity of making, buying, or selling goods or providing services in exchange for money.
A business can be:
1-business:
For-profit entity
•Ex: publicly-traded corporation
Non-profit organizatio
n •Ex: associations
business
commerce
tradeIndustry
Traffic
1-business:
Terms related to business:
BUSINESS, COMMERCE, TRADE, INDUSTRY, TRAFFIC mean activity concerned with the supplying and distribution of commodities.
COMMERCE and TRADE imply the exchange and transportation of commodities.
INDUSTRY applies to the producing of commodities, especially by manufacturing or processing, usually on a large scale.
TRAFFIC applies to the operation and functioning of public carriers of goods and persons.
1-business:
How to Generate Business Ideas?
2- Business ideas:
2- business ideas:
Many businesses started as the result of someone’s business passion and drive to see it come to fruition.
A passion should be targeted down to a specific focus and direction in order to ensure the future business succeeds.
A future business owner should:
*have an understanding of customer need for the product and service
*have funding or partners in place.
*be well-informed about what he is getting himself into
If an entrepreneur is looking to start a new business, one of the major factors to consider when analyzing a business idea is:
how the business will fare in both the present and in the future. It goes without saying that it’s of no use starting a business that will, from all indications, lose its relevance in the near future.
2- Business ideas:
Although you will discover many more ideas by doing research and studying current and future trends (such as demographic shifts)
2- Business ideas:
There is not a guarantee of success for any type of business startup. But the chances of success will be greatly increased if you venture into businesses that are more than likely to rock the future.
Are you interested in starting a business or becoming an entrepreneur?
Do you want to start a business that with future growth potential; a business that wouldn’t be affected by future trends?
3- future of business
What next?
3- future of business
1-Online business ideas:
Blogging: Blog your passion and expertise until you earn a wide audience or loyal readers online.
Website flipping: Buy undeveloped websites or develop your own websites, then sell them for profit.
Social media management services
Online webinars: Train people and share your expertise through internet
Money changer business – Serve people who want to change their money into local or foreign currency.
Pawnshop business – Provide additional source of credit for small borrowers who can’t get loans from banks and other big financial institutions.
Stock investing – Invest your money in the stock market.
2-Money and finance business ideas:
3-Educational and instructional business ideas:
Starting a pre-school – Help parents prepare and equip their children with adequate knowledge to excel in school.
Employee training – Help organizations increase their productivity by training and motivating their employees.
Music instructor – Enhance people’s music talents.
4-Business service ideas:
Bookkeeping and accounting services – Help businesses record their economic transactions and prepare their financial statements.
Financial auditing services –the external auditor examines financial statements and expresses an opinion on the fairness of their financial statement reporting.
Business coaching – Help and guide entrepreneurs to grow their business and personal life
Marketing consultancy – Help businesses make their products, price, place, and promotion more effective.
5-Green business ideas:
Recycling business – Turn your creativity and love for the planet as your business.
Electric charging station – the community will use electric cars and motorcycles, so electric charging stations will be a necessary business.
Composting business – Turn that organic garbage into fertilizers.
Energy audit – Help companies and household determine ways on how they could save more energy consumption.
