Can i?

India
April 15, 2010 9:24pm CST
Please tell me any kind of business that would be successful in future.
4 responses
• Philippines
16 Apr 10
It depends on what field are you good at. You can't just enter a business that you have little or no knowledge. The key in doing business is knowing how the cycle of the industry works. In addition, you should also find a niche market -- potential buyers who will buy, who will possibly buy and who are interested in the product and service which you offer. I can't really go into the specifics on what business will succeed because people are different what might suit me might not suit you. You'll just have to ask yourself; 1) What field am I good at? 2) Is there a market for my prototype? 3) Is there an existing similar product in the market? 4) What is my edge on my competitor? 5) How long will I reach break-even point? 6) Do I have the resources? 7) Can I offer better solutions? 8) Is my location accessible to my prospective buyers? 9) Will my product stay in the circulation 5, 10 years from now? or is it just a seasonal fad? 10) Am I committed to this kind of work? Those are just a few questions you need to answer before entering into business. hope it helps.
1 person likes this
@p3ks626 (6538)
• Philippines
27 Apr 10
I also have the same thing in my mind. I also wanted to put up some business but I dont seem to identify which business I should engage in that will be successful in the future. I have 3 things to consider, putting up a apartment, get a photocopying machine and have the business near schools and putting up a restaurant. As for the moment, I cant put up a bakery yet so I was thinking of selling them in the school canteen.
@cupcyke (363)
• Philippines
26 Apr 10
Food business is never been fail because all of us must eat everyday even if we dont have money food matter is always our first choice. You can start a small restaurant until it will grow.
@rohmatsw (219)
• Indonesia
16 Apr 10
the best bussiness is all kind of it that you run