How To Choose A Profitable Business To Invest In 2017.

Beginning a new business venture sounds like a easy task. All you need is a great idea, opportunity to select your team so you can begin to make some moves and find a few investors to invest in to this dream you have. Before you know it you are making a profit and moving onto a new location. Sounds easy but there is much more that goes into starting a new business than most people may know. To accomplish this, the business has to satisfy several objectives that exclusively add to the business. This paper will narrate some of the particulars of previous works from week two, three, and four with information such as the business and

It’s not just a great idea that creates a successful business– how you behave makes a difference too. Everyone who comes in contact with your business –

The industry in the U.S. has experienced growth of approximately 26% from 2012 to 2014 and is projected to continue growing.

What are the potential positive or negative trends that can affect that industry over the next 1-5 years?

First of all, students and young entrepreneurs should understand that they are not the first or the last, who do such business. That means that a lot of data - studies, advices, stories of successful and unsuccessful forerunners - could be found from a variety of sources. However, one should also understand that every business has its own path with own decisions, communications and methods of bypassing problems – each and every firm is always in its own set of circumstances that require specific actions. When one learns, steps can be repeated after someone, when one does a business, he/she takes a role of a trail blazer, who has to discover the essence. This is not the only concept an entrepreneur should understand and there are specially adopted programs, provided in various colleges, including Paul college at UNH, that allow students to develop their own businesses being guided by their instructors (Laura Hill).

While market factors are important there are also more general factors to consider. The most important one to consider is the opportunity cost of this venture. Would time spent on this venture earn more in another venture? Earn more in a salary job working for someone else as opposed to running a

Ideas are floating around; however there are a big difference between an idea that responds to a need of a community, and one that does not respond to any demand. It all starts with an idea that is validated as a potential source of revenue. Once that determination is made, the nest step is to start planning around the idea, how to turn it into reality. That step of the process will include all the research which will guide the way to the next step of the venture. Any research will include the positive and negative points of the undertaken, which area needs to concentrate on while building the firm. Having a solid plan , the firm can be operational, however it should be periodically revised to assured proper execution of the plan. The final phase is to manage the venture, market research should be an ongoing part of the process, that will assure continuity of the venture. Understanding customer behavior is foundational of the venture (Center for Entrepreneurship and Innovation, n.d.). The elements are placed in the order following a logical step by step process, a venture starts from an idea that is analyzed and understood to be worthy of development and productive. That goes through a planning phase with supportive research analysis that guides to the nest step of the process. The idea is now reality and growing and maintained through continued market research.

I believe this is an attractive industry because there is a possibility of making good profits due to buyer’s demand is daily increasing, there are low entry barriers, and technological advances are contributing to grow the industry. Although there is a high threat from potential

You may begin to feel overwhelmed by this thought. Don’t. This is your opportunity to have fun, get creative, and have full control over your business.

When choosing a start-up business to invest $1 million dollars in, I would choose Appleton Learning. Founder Glenn Clayton needed more money while he was in college so he decided to begin a teaching service for local school students who needed his services. This was a smart choice for a start up business because this industry will always be in demand but it can also easily correspond with Porter’s Five Model, which analyzes the competitive focus in the environment in which the business operates.

Morning shows us the day, similarly, a simple idea can show us the path of success. An idea of a business can be the click of the day. It can inspire you a lot and look ahead to see yourself as an entrepreneur some day or the other. However, it is not easy to set up a company without proper infrastructure. Therefore, as soon as you step into the shoes of an entrepreneur, it is essential to gather resource. As you will not be able to hire full-time resources, thus using freelancers would be great ways get things going. You will come across a number of platforms who can help you find the right team to kick-start your venture.

First, try to strengthen and improve the best ideas generated. Next, generate the criteria that need to be considered to evaluate the ideas for success.

trends in the market and outlines the factors that are and will be driving the growth of the

According to Hisrich, sources for new business ideas come from five different thing; Customers, existing products and services, distribution channels, the federal government, and research and development (Hisrich, 2013). Hisrich lays out these five different channels but there are many other things that can produce a business idea, such as something as simple as an entrepreneur having an issue in his/her life and creates something to make that issue disappear. “By far the most popular source of ideas among respondents was a frustration that the founder experienced in his or her personal life. Ever wonder how much your own problems might be worth? Ask Kent Plunkett, who founded Salary.com when hiring a secretary and finding himself unsure of what to pay. After building the world’s largest compensation information database, Kent eventually took the company public in 2007 at a valuation of $175M” (Gulati, 2013). New business ideas are imperative for many companies’ survive within their particular market due to the innovative nature of most markets in this era.

Before starting a business, entrepreneurs need to take and use the methods to generate creative ideas for product to be marketed and test new ideas. The methods are the focus group method, brainstorming, brainwriting and problem inventory analysis. These methods are best suitable for an organization that needs expansion in products or services