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Business motivation

Top Future Business Ideas: 4 Unique Ideas That Will Work In 2020 And Beyond

The present is where you learn about the opportunities, the future is where you make those opportunities your reality! We all know that most of the startups are shut down in their nascent stage but are not really aware of the reasons behind it. The primary reason is the sheer lack of creativity and artistic approach. 

Through this piece of news, our intention is very clear and that is to introduce you all to some of the business ideas that possess very high potential to become successful in the future. If you are among those many others who are trying to identify Future Business Ideas, this article can help you to identify them. 

What Is A Future Business Idea?

Before taking you aboard, we want to have you a clear understanding of what a future business idea actually means? Think about what all is required to make a business thrive other than just sufficient capital and efficient management. We also did some thinking and found out that staying up to date with the current and future business trends is what makes all the difference and this is the main focus of our article.  Our main focus is to help you build a futuristic approach to figure out what business idea could work the best for you in the near future.

Help Them Bridge The Gap With The Last-Mile Delivery

Ever heard about this service? Not many have, and that’s good news for you. This is a very essential service that the delivery companies these days subscribe to as it helps them make deliveries possible to the remote and rural areas where they generally can not reach. If logistics is something that might be of interest to you, you can try your hand at it by setting your warehouses on the outskirts of a few cities of your choice. 

The Sun-tastic Idea Of Solar Energy Setup

It is no breaking news that India is a hot country with a lot of sun exposure. The way we have utilized this amazing source of energy has been extremely underwhelming. Nonetheless, these days people are getting aware of the fact that with the help of solar panels they can generate electricity in abundance with little to no help required from anybody else. The way you can encash this opportunity is by helping them provide the equipment and set it up accordingly. It’s a business that has a lot of potential to flourish in the future!

The Co-Working Space, Because Sharing Is Caring

Do you know how much it costs to rent an office all by yourself? We are pretty sure it would burn a hole in the pockets of many as it’s not everybody’s cup of tea to afford to spend that much on rent! This is the reason why co-working spaces are getting popular these days and will continue to experience the surge! So, take our word, the future is bright here.

It Is A Win-Win Situation With Business Outsourcing

It has become a trend or more of a need to minimize the operational cost of your business to maximize the profit without compromising with the quality of work. Like the way necessities have been giving birth to the invention since ages, businesses have also found a way out by outsourcing service from someplace affordable. Businesses these days, rather than hiring local full-time employees, are preferring freelancers to get the work done. These freelancers are mostly from developing countries, where the resources are extremely cost-effective. So, if you are a  skilled freelancer, you can start offering virtual service by helping them expand their business.

We’re are sure you all are as excited as we are about all the possibilities that are yet to be explored. Just have an open mind, look around for some inspiration, do some research, and you will not be far from landing the dream business idea that will surely change your life!

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Startup

List of 4 AI-Based Start-Ups Which Will Inspire, Amaze, And Amuse You

DREAM BIG, ACT NOW – is the new motto for success in any start-up now. In the past few years, AI start-up numbers have tremendously increased. Now, many industries have adopted Artificial intelligence for better and security and other purposes.

So, every passing day we get closer towards an AI-first world, and it will be no wrong to say it’s the right time to step into this world and make your mark on it. We all talk and say, in the future world will be run by AI and robots. We listed a few startups who are working hard to bring a great change in transformation in the Indian tech ecosystem.

The fight against Covid-19 is still going on and many companies from the world are leveraging the use of technologies in the best possible way

Ajna AI

Ajna is a Chennai- based founded in May 2020, AI start-up which aims to build SaaS products that deliver a vision-based video Analytics solution. This app currently provides solutions like crowd safety intelligence, automated queue management, and retail video analytics system. Tasks carried out by them are mask detection, social distancing, people counting, safety reporting, crowd density analysis, and risk prediction.

Their focus industry is the retail industry, where they try to solve problems like limited information about customers and their behaviour in-store and many more.

Expertrons

Founded in 2019, Mumbai – based start-up is the world’s first AI video bot- assisted platform. This platform helps aspirants to learn from the interview experience of other experts in the field.

The main motive of the platform is to help college graduates understand the experience of a big organization’s work. The start-up owners say the best way to know how to crack a certain interview when you know from the people who have cracked it. They provide 24*7 interview question- related queries through video-bots of mentors.

Blocksapp.AI

This Hyderabad based start-up has developed an AI-based drone for a monitoring solution for helping police and local bodies in their work. Their drones help in sending an accurate image to the ground station to keep track of the situation. To fight with the Covid-19, solve many purposes like surveillance on hot spots, unsecured locations, spraying of disinfectants by drones Supply, and delivery of essential medicines.

BlueSemi

Another Hyderabad based tech start-up has developed a contactless and wireless thermal scanning device. The best part of this AI-enabled device helps in recording the temperature without any manual interference and is integrated with any healthcare platform.

BlueSemi can be handled by any Bluetooth/wireless device, ideally on a mobile app. We can call this new – age wireless technology helps in minimizing the exposure of healthcare workers by providing useful information at record speed.

Our country is among the top nations to have achieved millions of funding tech-based start-ups. Through their innovation, great minded strategy, and use of impactful use of technology made these startups stand out. We have mentioned just a few start-ups who work on AI-based, but there are many more on the list.

 

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Business motivation

Small But Smart: 4 Business Ideas for Starting Small To Go Big

A business might be small but the dream is always big and special and that is to make a mark for yourself in the entrepreneurial world making a difference with your efforts! It is said that to reach somewhere big, you need to start small. So, why not start with establishing a small business of your own to test the waters? In India, there are plenty of opportunities for you to bring the best business ideas to existence and earn a decent living out of it.

 

One might get confused as to what business idea would work out for them as there are many business ideas out there to consider. Worry not, always choose the one that matches your niche as well as the budget! Choose the one that ignites the fire within you and invest in it 100% of your blood, sweat, and hard work to pass this test with flying colors. Worry not, we have got you covered. We will share a few ideas with you that might have your interest, stay tuned.

It’s The Matter Of Band-Baja-Baraat

Yes, wedding planners are what we are referring to. India is the land known for its larger than life weddings. People these days have generous budgets for organizing a wedding, however, sometimes struggle to make it happen as efficiently as they want. If you have to notch management skills and an eye for creativity, your search ends here.

Everybody Say Cheese 

Professional photography is another thing that has emerged as one of the most profitable businesses in recent years. Everybody wants to capture the special moments of their lives in the most special manner possible and this is where professional photographers come into the picture. If the idea “clicks” with you, you are just a DSLR camera away from starting your photography business.

Win Them Over With The Edible Love

This profession/business has helped many women/men who are extremely skilled in culinary art get their act together and make the best use of their cooking skills. If you get into this business, your primary concern should always be to serve the food hot and fresh to your clients without any delays. Once you get a hang of it, you can add team members to expand the business and go big.

Be There For The Little Ones

Dear readers, Daycare is one of the businesses that will help you contribute to the progression of this society and we will tell you why. Many women after having children are left with no other option than to leave their job and care for their baby 24*7! In recent years, these daycare services have emerged as a big helping hand for such mothers/families who do not have anybody else to look after their angels. If you love being around children, this is it for you. Help women be their most productive selves at work, while you give a warm and loving environment to the apple of their eyes!

At the end of the day, every business, regardless of its size, comes with a few advantages as well as consequences. It all boils down to what business idea do you find worthy of dealing with the consequences that tag along! Nonetheless, in the process, never lose faith in your capabilities as this faith is what will help you achieve your goal to become an entrepreneur.

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Business motivation

Businesses Of Future: 3 Ideas That Are Going To Hit The Jackpot

“For the canny and the farsighted, vast deficits also create vast opportunities,” says Simon Dunstan and we could not agree more! It is very important to be farsighted with your approach as an entrepreneur for the opportunities are many, if only you can filter out the booming sectors and the business ideas of tomorrow to be prepared in advance.

The future business ideas are generally far too out there and are often ridiculed and looked down upon by many just because of their low viability quotient in the present times. However, we all have witnessed how some ideas that sounded stupid back then have worked wonders when actually were worked upon. The perfect example would be Tesla, how the idea was discouraged, and how it became a giant success.

Try and wrap your head around these new and unique future business ideas that you can prepare yourself for.

The Future Belongs To Drones

Yes, you read that correctly. The future holds many business opportunities around the world which involve drone technology. Nowadays the demand for drones to deliver the products directly to consumers has been dramatically increasing as a result of social distancing norms and the paranoia of many consumers. Safety, these days, has become the utmost priority of the consumers and businesses are leaning towards drones to cater to these needs. 

These drones will not be useful in COVID times, but also prove to be quite helpful during an unfortunate natural disaster or in reaching remote areas. We advise you to do your homework on drone technology and if it is something that interests you, you are sorted for a very long time.

Save The World From Cyber Criminals

With time, many businesses have gone online to grow at an exponential rate as today’s consumer relies heavily on online commerce. When businesses go online, they almost always need a website. With these many websites around, hackers have become very active these days and have not been shying away from crashing the site and exporting money in lieu of it. To tackle these attacks, we do have a few agencies but there aren’t enough. If this is your niche, this could be the best business for you to be in as the competition will be low, you will have the upper hand in pricing, and the future will be brighter than ever.

Encash The Cashless Generation

In today’s day and age, almost everybody has a smartphone and can access the internet. With this facility available to most of us,  we are slowly and steadily shifting towards a lifestyle where even the smallest of the purchase will be made online. As online transactions have emerged as the need of the hour, a few groups have already marked their presence and are doing very well as e-wallet service providers. However, as there are still new people joining the bandwagon every single day, this business will bloom even further. Now that the cost of developing an app has been brought down drastically as there tons of skilled freelance developers out there, you can start this business with a small investment, if it interests you!

We can only suggest the destination, but it’s for you to cover the journey and make a difference with your efforts. Don’t let others make you think otherwise of an idea that you know you are confident of. Just make sure that idea solves a problem that might look small today but take a bigger form tomorrow and the rest will fall into place!

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Business motivation

Trending Business Industries That Are Both Viable And Profitable

Have you ever thought about what life would look like after 2020? Imagine it to be a plethora of opportunities that you, as an entrepreneur can encash. If we talk about the changes, a lot of differences have been observed and we can expect more of them as consumer behavior has been changed drastically and so has the market. Also, when you think of beginning another business, you ought to consider the potential ventures your organization may have the best chance to contend in. Based on these changes and many other factors, you can decide which trending business idea is the one for you. We bring to you a list of 4 such industries that are the most promising for startups in 2020-2021.

Health Is Wealth–Indeed

It should not come as a surprise to anyone as we declare health and wellness to be the industry that is at its all-time high. Due to the ongoing pandemic, everybody across the globe has become wary of their health and well being more than ever. This is the reason why this industry in particular is booming and could be one of the best opportunities for you to set your business in. To make your mark in this industry we would suggest you all to think differently and dig deep into biotechnology, elderly caregiving, personal training, etc.

Green Is What? Good

People are very conscious these days of not using anything that may harm the environment. This is an extremely welcoming change and could prove to be an equally wonderful opportunity for entrepreneurs to set their foot in. You can offer your consumer base products that are high in quality, are environment friendly, and support the sustainable lifestyle that today’s consumer is shifting towards. If you are one of those who do not believe theories, we will bring you the facts that will certainly change your mind. Do you know that Sustainable product sales are estimated to reach $142.4 – $151.1 billion by 2021? That’s huge. Act smart and grab this opportunity as it is not only promising for you, but for the environment as well.

Technology Is Here To Stay

Technology has made it clear to the world that without it being efficiently used to grow further, the progress is out of the question. All the popularity the technology has gained in recent years has only proved that it can be a game-changer to help a business grow by leaps and bounds. Giants like Apple, Samsung,  and Google have their entire business set on science and technology. The technology industry across the globe is estimated to grow to $5.2 trillion in 2020 at an amazing rate of 3.7%. Also, it is noteworthy that 44% of the businesses across the globe are planning to increase their budget to spend on technology. 

Take Control And Get On The WHEELS!

In today’s day and age, people heavily rely on transportation, to be more specific, public, and private transportation. This statement backs our statement that the transportation businesses are experiencing a surge and would be the perfect industry for you to be in if this is your niche.  We all have witnessed the sharp rise in the number of cabs that continuously do rounds on the roads in many of the big cities as it has trend out to be a profitable business for many. You can think of initiating a startup based on app-based taxi service, rental car business, truck transportation services, and many more such ideas. 

A plethora of great business opportunities is waiting for you out there, if only you have the eye to identify. Take inspiration and motivate yourself to be a great leader who is very observational when it comes to the changing market trends, a shift in consumer behavior, and the newest trends doing rounds in the field of science and technology. Always remember to not resist the change for it is the only thing that will keep you relevant and in business.

 

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Business motivation

3 Trending & Profitable Business Ideas Amidst COVID-19

“Thank god, I didn’t start my business in 2020.” Have you also been having the same thoughts? We all know how numerous businesses, big or small, have taken a hit because of the lockdowns and social distancing to avoid or delay the spread of covid19. Looking at the condition of these businesses, many business ideas have been shelved by the entrepreneurs that were supposed to go on the floor in 2020.

 

Nonetheless, the show must go on. We can’t let this pandemic rob us of our zeal, passion, and desire to start a business of our own. But then, the business idea needs to be relevant and viable enough to survive the changed consumer behavior and the drastic market shift. Stay with us as we introduce you to 3 such trending and profitable business ideas that will be beneficial for both you and the consumer.(Dr Vivek Bindra to Share Business Expansion Strategies During World’s Largest Webinar ‘Retail Ka Mahakumbh’ on September 27 Click Here to Register Now)

Blog It Out

It is not possible to talk about trends and not include technology. The combination of trends and technology has become a rage over years. If met with amazing writing skills, this already amazing relationship between trend and technology can work wonders. Yes, we are talking about blogs. This is one business that has maintained its title as the most exciting and profitable business around in and posts the COVID-19 era.

With the help of a blog, you can sell your time as a consultant or a coach, promote your own products(SaaS), or get into affiliate marketing with the help of affiliate programs. Just choose what is your area of interest and what your blogs should be based on while keeping in mind the primary business factors as well as your passions.

Dropshipping Is The New Black

The global pandemic of COVID 19 has made the e-commerce industry grow at an exponential rate as a very high number of businesses have gone online which sits well with the customers who have completely resorted to online shopping. Now the question arises, as a business owner how can you encash this opportunity. Our suggestion would be to become a dropshipper. A dropshipper is a retailer who takes online orders on behalf of a manufacturer. 

He takes the orders, passing it on to the wholesaler or another retailer who then directly ships it to the customer. You can research what products have been trending and post that you can decide on the best e-commerce platform for you to start the business.

This Web Is Good To Develop

What do you think happens when most of the businesses choose to go digital? They need websites. Now is the best time to get into the business of developing web for many needy businesses that are looking to cater to the massive population present online. If you are good at coding and have an interest in developing web content, this is your Jam. If you are skilled enough and offer better prices than many coders out there, you will have immense scope for you to set your business and take it to new heights.

At the end of the day, what seems to be working well for others might not be the best option for you. We all have different passions, niches, and budgets. We would lightly recommend choosing a business that matches most of your requirements on the checklist. All 3 ideas that we have shared with you have immense potential even when operated on a smaller scale.

 

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Business motivation

Ease of Doing Business 2019 Ranking: Andhra Pradesh Ranks First in Implementing Business Reforms Followed by UP and Telangana; Check List of Top 10 States

Andhra Pradesh has again topped the list in the ranking of states and union territories (UTs) based on implementation of the business reform action plan. According to a report released by Finance Minister Nirmala Sitharaman on Saturday, Andhra Pradesh tops the list, while Uttar Pradesh and Telangana were placed at the second and third place, respectively in the ease of doing business for 2019. The list has been prepared by the Department for Promotion of Industry and Internal Trade (DPIIT).

The ranking makes states and UTs a better place to do business. Accordin to a government release, the parameters include areas such as construction permit, labour regulation, environmental registration, access to information, land availability and single-window system. It is the DPIIT that conducts the exercise for all states/UTs under the Business Reform Action Plan (BRAP). In the 2019 ranking which was released in July 2018, Andhra Pradesh had topped the chart, followed by Telangana and Haryana.

Ranking of States based on the implementation of Business Reform Action Plan started in the year 2015. Till date, State Rankings have been released for the years 2015, 2016 and 2017-18. The Business Reform Action Plan 2018-19 included 180 reform points covering 12 business regulatory areas such as Access to Information, Single Window System, Labour, Environment, etc.

The top ten states under State Reform Action Plan 2019 are:

  1. Andhra Pradesh
  2. Uttar Pradesh
  3. Telangana
  4. Madhya Pradesh
  5. Jharkhand
  6. Chhattisgarh
  7. Himachal Pradesh
  8. Rajasthan
  9. West Bengal
  10. Gujarat

The larger objective of attracting investments and increasing Ease of Doing Business in each State was sought to be achieved by introducing an element of healthy competition through a system of ranking states based on their performance in the implementation of Business Reform Action Plan.

The ranking this time gives full weightage to the feedback from over thirty thousand respondents at the ground level, who gave their opinion about the effectiveness of the reforms.State rankings will help attract investments, foster healthy competition and increase Ease of Doing Business in each State.