There are a million tips on how to increase profits. However, despite this, up to 95% of businesses operate with minimal profit or even at a loss. The bottom line is that not all methods are effective for specific businesses. The question is to choose exactly those methods that are suitable for a particular business. If they are chosen incorrectly – profits cannot be seen.
The magic wand, which you can wave to increase your profit, does not exist. Profit increase is a serious work, for which you must possess special knowledge and technology. Continue reading
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 start of new business areas. The second niche is the help to the average, but more often big business. In our conditions, about 10-20% of small businesses work in the first niche. In the second niche – 80-90% of small businesses.
In other words, the vast majority of small businesses work as assistants to big business and, accordingly, depend on it. Continue reading
The proper 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 because 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 what algoritm it is implemented.
Proper start your own business Continue reading