Business Diversification is nowadays one of the most important strategy. With the advancement in technology, it is now next to impossible to keep a monopolistic win over a single product or service. Anyone can now jump in the same business and even do it better. So, diversification becomes very important for a business. It simply means to jump in a business, product, service where you currently don’t exist. …
Innovation
We love the term “Free” don’t we want everything to be free. Most of the Free Businesses succeed majorly in the business line. They grow out like crazily in the market, not only grow they penetrate to an extent which we cannot even imagine. Free really doesn’t mean that a business is doing that for charity. What it really means that they have other plans for monetizing their efforts. Free for us might not be free for someone else. …
Here let me explain to you why some businesses are being built for extinction. Future is shaping the world now; we are using technology almost daily. Some of the new technology is just crushing the businesses worldwide, for example, let’s look at Car manufacturers, application Uber is crushing it. Let’s look at Movie Theatres, an application like Netflix is crushing it. Let’s look at Camera Industry, our smartphones are crushing it. When was the last time you went to a …
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