Opinion: What is the new business trend this year?
Written by Admin on December 10th, 2007Alternative energy, fancy foods, beverages, fitness and diet related ideas and foods, computer wholesale and retail shop, intellectual property lawsuits, business for Asian countries, franchise business opportunities who wish to go into Asian countries like china, Philippines, etc are some of the best business to do.
E-commerce, is no longer like in the past, hyper competition has happened and the business just have a physical store is not enough. The combination of offline and online(e-commerce) business is a good choice. The business environment and structure is changing at all time, it is important to get a grasp of the new technology to assist in your business such as database, info system, supply chain management before you go to business.
Retail high end product is a new trend but a new trend has a price to pay and that is intense competition. High turnover and low profit margin business is most of the businessman follows this trend and they are leading in there type of business.
One of the problems with attempting to invest in hot new trends is that everyone wants to jump on the band wagon and the prices of investments in those areas are mostly over inflated sometime by factors of 10 and even more. Another problem is that there is no track record for companies that are involved in these new businesses, and 90% of them wind up on the scrap heap of failures. Biotech was an excellent example of that.
I hope the readers to share opinion about business trends in the comment, any opinion would be appreciated.
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