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To start a profitable business in modern conditions, you need to know some important points. The bottom line is that times have changed and now the business does not start as it began before. In the old days, it all started with the construction of the plant, if it was about production, or with the construction of retail space, if it was about trade.
How to start a profitable business
It was right to start a business like this in the past, because there was a widespread shortage of goods and services. You build a plant, produce anything, and it sells well. Or you build a shopping center, import goods into it and they leave like hot cakes. Now, to start a profitable business, you need to act in a completely different way. Continue reading
Recently, two words have become fashionable and popular among businessmen: to pump and pump. And these are not just words, but business development paths. The words are similar in appearance and one would think that they are synonyms. But in fact, the words are completely different, reflect different meanings, essence and processes. We are talking about the basic processes for the development and prosperity of a business, on the understanding of the course of which its fate depends.
At its core, pumping and pumping are ways of developing a business, moreover, multidirectional, but dependent on each other. Continue reading
The main sources of profit are changing following a change in the economic level. We are currently moving from a fourth economic level to a fifth. Accordingly, very soon only businesses that are engaged in the creation of goods and the provision of services of the fifth economic level will be able to make good profits.
Sources arrived in modern conditions
The levels of the economy are called sectors. Currently, 5 sectors are distinguished: primary, secondary, tertiary, quaternary, quaternary. At different times, each of these sectors was a “locomotive of the economy” and gave the owner of the respective assets wealth and power, acting as a source of profit, power and recognition. Continue reading