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So long as it is situated in an area where wealthy people reside, a pet salon business would be profitable. Additionally, the target market should also be extremely fond of pets as to spend a lot of money on the companions.

Compared to a laptop or desktop computer, a smartphone features limited functionalities. Moreover, a smartphone allows a user to view only a limited part of a site at any one time. For this reason, I prefer to carry out my online work activities on my laptop.

I once had an emergency that prompted me to call one of my mobile service providers with a view to obtaining assistance. This gesture however only caused me to become frustrated as I could not get hold of a customer care representative, despite being on the call for over 10 minutes.

A business can retain its top talent by inviting these individuals to co-own the venture. This co-ownership scheme could come in the form of employee purchase of a company's shares.

With regard to being careful when choosing potential investors, an entrepreneur is usually between a rock and a hard place. This is because failure to share business ideas would deny one the opportunity of attracting investors. On the other hand, sharing such ideas could cause an entrepreneur to...

I think launching a security services agency is lucrative, mainly because a business owner usually does not need to invest a lot of money. Most a times, all a businessperson needs to do is to recruit only a few staff and open a basic office.

To ensure that it constantly keeps up with the trends in the market, a business needs to develop a robust scheme for engaging with customers. During such engagements, the business would obtain the benefit of learning about upcoming market trends.

A business that pursues its quest for growth at the expense of quality would be shooting itself in the foot. This is because consistent supply of high-quality services and products is essential to ensuring that a business attains sustainable growth.

An important aspect that would enable a business to adapt to change in a smooth manner is the policy of designating at least one officer to carry out the task of scanning the business environment with a view to forecasting forthcoming changes.

A businessperson would want to be skilled in conducting business analytics with regard to the rate at which interested persons end up buying services or products after interacting with the same. The findings deriving from such analytics would assist a businessperson to identify and implement any...

I think the Dollar Cost Averaging strategy to making investments is between than the lumpsum approach. The reason for this view is that Dollar Cost Averaging is likely to entail less risk than lumpsum investing.

I guess it would be prudent to make investments in any item that is in short supply and of high quality. That said, I believe it would be profitable to invest in the business of dealing with silver jewels in my country. Silver is both of high value and in short supply.

Considering that majority of e-commerce online platforms mainly deal with selling products that they have not produced, I think that the concept of drop shipping is best suited to corporate entities with significant financial resources.

Certain companies have the unacceptable habit of stealing the business ideas that are pitched to them by entrepreneurs. They thus gladly allow entrepreneurs to pitch their ideas, after which they do not perform any follow-up action. Instead, the unscrupulous companies rush to patent the business...

The local authorities in my city impose taxes on vehicles that run digital adverts in such manner. It would thus be advisable for one to first do the math to ensure that she is let with some decent money after paying these taxes.

True. Unethical people who hold positions of influence tend to abuse their power by manipulating markets to their advantage. In my country, a man who led a power generation company once orchestrated the release of water at the biggest hydroelectric dam. This way, the man created an artificial...

A morally upright businessperson should always question the self on whether she would be willing to have a loved family member to use the products or services that she sells. In the case of cigarettes, I would find it difficult to trade in these products that are dangerous to human health.

If revealing the business secret in question is not critical to the success of a partnership, a person should not disclose the same to a partner. It is sometimes necessary to keep certain things to oneself.

Everyone needs to get out of her comfort zone, regardless of the space in which she is operating. An marketer who deliberately opts to assume the position of customers would learn useful market insights that would aid her in improving her marketing strategies.

Middlemen do not usually incur the costs involved in producing services or products. All they do is obtain ready-to-use merchandise and transport the same to the market. Accordingly, middlemen often earn higher profit margins than the manufacturers or producers of the relevant wares.