Innovative Ideas
Entrepreneurial Transitions
Once you undertake the development of a business you utilize a variety of entrepreneurial skills. You find yourself working hard to keep things going, but there’s a real sense of satisfaction in the work.
Recently I was told of a woman who had started her twenty-first business. In each case the business was related to cooking. [...]
Evaluating an Opportunity
Business opportunities are often based on broad trends, such as:
• demographic, such as the “graying” of America (creating opportunities in health services, for example);
• sociological developments, like the “green” movement, with its emphasis on recycling and environmental sensitivity, and;
• cultural changes caused by changing economic conditions and technological developments.
Opportunities can also frequently be found in [...]
Let the Market Speak!
The first and most logical step in whether or where to start a business is to conduct a market analysis. For a retail business, a few general locations should be chosen for detailed analysis to identify where the opportunity is greatest.
A market analysis is a study of the market area and of probable future patterns. [...]
Extra Revenue Sources for Internet Cafes
There are several realistic revenue sources that can be realized if you have enough users in your café.
Selling food
I cant tell you much about selling food in Internet Cafes. I didn’t sell much food. I had pre-packaged food such as danishes, candy bars, and potato chips. I also sold water and soda. An interesting observation [...]
The Strategic Plan
Small businesses are not scale models of big businesses; they are characterized by resource poverty and dependence on a fairly localized market. Their greater vulnerability to the consequences of a lack of focus stresses the importance of their strategic plan.
The strategic plan defines the company’s “competitive edge,” that collection of factors that sets the business [...]
Business Case Study; Oil Change Business and Coffee Shop Combo Business Model
Does oil and coffee mix? Well it certainly does for one small business in Needles, CA. They have a successful business now in a rather run-down and in economic decline town. Needles although in California is not doing to well these days, worse off in summer it can reach 117 degrees out their in the [...]
