November 26, 2020

5 Most Profitable Small Businesses

The hard part about joint ventures is the actual work in convincing a potential JV...

The hard part about joint ventures is the actual work in convincing a potential JV partner about the merits of the venture. We are no longer living in the age where forex trading was the preserve of a certain elite class of people. With the advent of online forex trading programs, all you need is good Internet access, and the initial forex to start trading. This need not to be a big amount, for you can always start small and grow with time. And with the current upheavals in the financial markets (which translate into huge fluctuations in currencies) you stand to make a big killing. Moreover with aid of the modern forex trading software (which comes cheap or even free in some cases), you can arrange your forex trading in such a way that the program automatically sells the forex you are holding once it slides bellow a certain floor, thus eliminating the risk of your losing your capital. The biggest management challenge in the new millennium of liberalisation and globalization for a business is to serve and maintain good relations with the king-the customer. In the past, producers took their customers for granted because at that time customers were not demanding nor had many alternative sources of supply or suppliers. Since he was a passive customer, the producer dictated terms and had little customer commitment. But today there is a radical transformation. The changing business environment is characterised by economic liberalisation, increasing competition, high consumer choice, enlightened and demanding customer, more emphasis on quality and value of purchase. Enter the Republicans. Senator Phil Gramm, (R-TX), House Representative Jim Leach (R-IA), and Rep. Thomas Bliley, (R-VA), Chairman of the House Commerce Committee. They sponsored a repeal bill called the Gramm-Leach-Bliley Act (GLB), also known as the Financial Services Modernization Act of 1999. The bill passed the Senate along party lines, 54-44, with only one Democrat voting with the Republicans. The House vote was more bi-partisan, 343-86. People are slaves to interest that is controlled by the Fed. You think you can have a strong local economy with a devastated national economy? Hardly. Look at where your dollars go when you buy anything locally. To companies that are not in your area. Instead, many of the most profitable businesses for first-time entrepreneurs are going to be those that are easy to get started, have low initial costs, and that can capitalize on a market need or trend. As you’ve seen through our list of the most profitable small businesses, there are plenty of ideas that will suit the full range of business ownership experience and preferences.