Uber: The Ultimate Business Model for The 21st Century

In a very short number of years, Uber has revolutionised the traditional taxi business industry throughout the world. Simply put, it has enabled millions of people to press a few buttons on their smartphone and have a cab driver pick them up from their current location in the shortest space of time.

Uber driver as a business owner

The company is one of few in the technology industry to be valued at more than $70 billion, it operates in more than 630 cities worldwide.

This article will look to provide a brief explanation of the company’s business model. Uber was founded by Travis Kalanick and Garrett Camp, and is based in San Francisco, California, United States.…

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Truly Memorable: Does Your Business Have a Niche?

Successful businesses find a product or service niche and learn how to excel in it. Entrepreneurs should find their niche before even drafting a business plan, but those who are already getting a business off the ground and want to become more focused can still play catch-up.

Custom Vans shoes

photo credit: Koma Indo / Flickr

Read on to find out how to identify a business’ unique niche and learn how to target particular audiences.

What Is a Niche Market?

A niche market is a focused area of a general industry that targets a specific customer base and provides specialized products or services. Entrepreneurs should find a niche market that is currently underserved and find ways to provide much-needed products or services to that market, in particular.…

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4 Hints To Get Your Small Business Rolling

Starting a small business is a big commitment. You have to have passion and drive, and to a degree, you have to know what you’re doing in the business realm as well as in your product’s universe. It’s a lucky thing for you that in this day and age, there’s a tremendous amount of digital advice available to you, ripe for the picking.

Small business CEO strategizing

Take four examples to get you started.

First of all, you are always going to want to start with a business plan. Without that plan, you are largely doomed to failure.

Second, you need to pay close attention to modern browsing techniques and technologies.…

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Tips to Start Your Own Business at University

I am glad that you are reading this article. It means that you are a student who doesn’t want to get a diploma and find a 9-5 job. If you are looking for some tips to starting your own business, you are in the correct place.

Studentpreneurs discussing college business ideas

Pros of Being an Entrepreneur

Is it hard to run your own business? Well, it requires a lot of effort. Furthermore, you are the only one who is responsible for the result. However, it can bring you many advantages. Firstly, you are in charge. Secondly, you can manage your schedule by yourself. Thirdly, you can collect all the profit of your business.…

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Should You Launch a Business in Edinburgh?

There are numerous reasons why you should consider launching a small business in Edinburgh, aside from the fact that the Scottish capital’s average monthly rent of £946 remains relatively competitive.

Edinburgh

Skill levels in Edinburgh are also relatively high, with 57.7% of the local population boasting NVQ Level 4 qualifications or above. This is the third-highest tally in the UK, with Edinburgh’s world class university a hotbed for burgeoning talent across a number of industries.

But what are the other advantages that should compel you to launch a new venture in Edinburgh? Let’s take a look.

1. Access Genuine Support for Your Startup

We’ve already touched on the Scottish capital’s access to talent, which continues to drive entrepreneurship in the region and saw a total of 3,055 ventures launch successfully in 2015.…

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Tips On How To Start An Online Business From Zero

It has been estimated that there will be 2.05 billion global digital buyers in 2020. An estimation like this gives us a pretty clear clue that online businesses are doing more than okay.

Starting online business from scratch

Source: Unsplash

Besides the fact of the growing popularity of online businesses, it has many perks to it. Especially the one that lets you run an online business just for some side money. You might be studying or working elsewhere at the same time. And while you are busy with something else, it’s not that difficult to run a print on demand business using platforms like Printify or becoming an online consultant of your niche.…

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9 Key Traits of Innovators and Entrepreneurs

Some people described an innovator as quite narrowly. They say that they are not very creative if they don’t invent things and hold multiple patents. Many inventors have no products or patents, in fact. Many innovators create innovations, some bring them into action, while others are advocates, founders, and supporters of good ideas.

Elon Musk in a Tesla

photo credit: Automobile Italia / Flickr

When you think like that, you can know that you are a creative person.

Regardless of the position, big innovators share certain qualities. You may have to give yourself more credit if you consider these qualities in you.

These are the characteristics to develop if you want to become a global innovator.…

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5 Things You Should Know Before Starting a Healthcare Business

Starting a healthcare business can be fulfilling both monetarily and emotionally. Helping people on a daily basis makes you feel good about the impact you’re having on the world, and you get paid to do it.

Home healthcare visit

People spend billions of dollars on healthcare each year, and you can capitalize on the money they spend when you have a business in the industry. Continue reading this article to learn important things you should know before getting started.

1. May Require Long Distance Travel

If you’re in the home healthcare arena, you may need to drive long distances to get to your patients.…

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What are the Top 3 Biggest Risks to Starting a Jewelry Business?

Jewelry store owners conduct a risk analysis to find all risks that could affect the business. The findings show the business owner the best ways to protect the company and its inventory.

Jewelry shop display

Entrepreneurs who want to start a jewelry business should review these top three biggest risks of starting a jewelry business.

1. Theft and Burglary

Theft and burglary are the greatest risks for jewelry store owners. The risks include break-ins where the inventory is stolen while the store is closed. Theft of items from the display cases are another concern and require the workers to pay close attention to customers.…

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Simple Basics For Small Business Startups

2020 Proofing Your Small Business

Startup management

There is a vast amount of people who are realizing that branching out on their own in a business venture is well worth leaving behind being the backbone for someone else’s gain. Working for yourself is definitely not easy and the hours are well beyond the normal nine to five grind of being someone else’s employee. However, for a lot of new business startups, it’s worth the risk.

With so many people joining the new business sector, how do you keep your own investments from tanking? It’s a super frequent question that every small business owner asks in the beginning and answers aren’t as hard to acquire as you would think.…

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