The world is changing in faster and deeper ways. This change has brought with it growth, opportunity and job creating (Tyszko, 2017). For example, Physically America is far from Nepal but technologically it is very nearer. We can communicate with our friends, business partner and others within a milliseconds. So this means we can do business all over the world from anywhere but we should have a business plan. The technology tools changes the business paradigms. Now we can do business from our home and we can sell our dinner, breakfast and lunch as a business product. Foodmario is a business start - up which directly connect consumer to home for breakfast, lunch and dinner package. So different technology tools like smartphones, software’s, laptops provide a good platform to start a business. In 5 years ago doing business between Africa and Nepal was difficult. But now it is very simple process.
In this time one small things can change the world. One simple idea makes world better. One simple business innovation can change whole business process. For example Facebook is a simple project of Undergraduates students of Harvard’s University, he just wanted to connect his all college friends in a single platform but later he saw the scope of communicating all people in a single platform might be perfect business model. So he started his business, which is one of disruptive innovation of business process. So in short, Not a small task but this is what’s required to fuel the growth we need for business, workers and communities share in the benefits growth creators (Cavallo, 2016).
Opportunity is central part of entrepreneur thought and action because opportunity need to be identified or created then it to ON or it to be shaped. Opportunity is a favorable set of circumstances where you can provide a solution or new way of doing things. Opportunity can be a new market or can be new product or service. Opportunity can be disruptive technology. If we think about the internet that was a disruptive technology that allows to have many new possibilities business opportunity and solution. Another cause of opportunity is an industrial changes. The industrial revolution meant that production could take place ON an enormous scale. In traditional business system had some problem with fixed cost and Marginal cost. There is high difference between fixed cost and marginal cost. So that we paid high price for product and service. But in this modern digital business, advancing technology, and transportation and telecommunication main production would be cheaper, because of outsourcing Jobs, automation of computer software, replace the job of human by machine, increase access to information, consumer can buy a good on online platform from their home. These force has started to reduce the marginal cost and provide a good cheap price.
At this time we can easily test our business idea in a very cheap way. If public trust us then we will be a millionaire on tomorrow. The way we run our business today is completely different that has been last 5 to 7 decade. The way where the company market their products is completely different. There is a cultural and economic change happing and happing right now. In currently advance our business is simple through word of mouth advertisement. Think about, how did we heard about Facebook, how did we heard about Snap chat, Insta, UBER and Netflix. We heard it about from our friends so right now we have the opportunity just like 50000 people every month joining UBER and it totally replaced other Taxi system. So it was best business opportunity of Digital business system to generate a revenue (Robort, D, 2016). So Facebook has connected 3 billion people from all over the globe and we can use this as an advertisement platform for our new startup business. So we have many opportunity to set up our own business and generate a revenue from very low capital.
References
Cavallo, M. (2016). The growing importance of the technology economy. Florida International Bankers Association (FIBA).
Robort, D. (2016). Innovation Economics: The Race for Global Advantage. Yale University Press .
Tyszko, J. (2017). The Opportunity in the New Economy. U.S. Chamber of Commerce Foundation.
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The world is changing in faster and deeper ways. This change has brought with it growth, opportunity and job creating (Tyszko, 2017). For example, Physically America is far from Nepal but technologically it is very nearer. We can communicate with our friends, business partner and others within a milliseconds. So this means we can do business all over the world from anywhere but we should have a business plan. The technology tools changes the business paradigms. Now we can do business from our home and we can sell our dinner, breakfast and lunch as a business product. Foodmario is a business start - up which directly connect consumer to home for breakfast, lunch and dinner package. So different technology tools like smartphones, software’s, laptops provide a good platform to start a business. In 5 years ago doing business between Africa and Nepal was difficult. But now it is very simple process.
In this time one small things can change the world. One simple idea makes world better. One simple business innovation can change whole business process. For example Facebook is a simple project of Undergraduates students of Harvard’s University, he just wanted to connect his all college friends in a single platform but later he saw the scope of communicating all people in a single platform might be perfect business model. So he started his business, which is one of disruptive innovation of business process. So in short, Not a small task but this is what’s required to fuel the growth we need for business, workers and communities share in the benefits growth creators (Cavallo, 2016).
Opportunity is central part of entrepreneur thought and action because opportunity need to be identified or created then it to ON or it to be shaped. Opportunity is a favorable set of circumstances where you can provide a solution or new way of doing things. Opportunity can be a new market or can be new product or service. Opportunity can be disruptive technology. If we think about the internet that was a disruptive technology that allows to have many new possibilities business opportunity and solution. Another cause of opportunity is an industrial changes. The industrial revolution meant that production could take place ON an enormous scale. In traditional business system had some problem with fixed cost and Marginal cost. There is high difference between fixed cost and marginal cost. So that we paid high price for product and service. But in this modern digital business, advancing technology, and transportation and telecommunication main production would be cheaper, because of outsourcing Jobs, automation of computer software, replace the job of human by machine, increase access to information, consumer can buy a good on online platform from their home. These force has started to reduce the marginal cost and provide a good cheap price.
At this time we can easily test our business idea in a very cheap way. If public trust us then we will be a millionaire on tomorrow. The way we run our business today is completely different that has been last 5 to 7 decade. The way where the company market their products is completely different. There is a cultural and economic change happing and happing right now. In currently advance our business is simple through word of mouth advertisement. Think about, how did we heard about Facebook, how did we heard about Snap chat, Insta, UBER and Netflix. We heard it about from our friends so right now we have the opportunity just like 50000 people every month joining UBER and it totally replaced other Taxi system. So it was best business opportunity of Digital business system to generate a revenue (Robort, D, 2016). So Facebook has connected 3 billion people from all over the globe and we can use this as an advertisement platform for our new startup business. So we have many opportunity to set up our own business and generate a revenue from very low capital.
References
Cavallo, M. (2016). The growing importance of the technology economy. Florida International Bankers Association (FIBA).
Robort, D. (2016). Innovation Economics: The Race for Global Advantage. Yale University Press .
Tyszko, J. (2017). The Opportunity in the New Economy. U.S. Chamber of Commerce Foundation.