What good business to start in this current economy?

[Olatundespo]

Can I have your thoughts or ideas on this? What business is good to start in this current economy? If you will start a business, what will it be and why?

You can think about which business to start in the context of the financial and social conditions of your country. You can plan based on the geographical location of your country and the availability of resources in that country. If you live in a city, you will have to apply one type of business strategy and if you live in a village, you will have to apply another strategy.
Before you start a business, prepare yourself, start a business in which you are good at and try to do a business that will be respectable for you. I will not directly advise you to do any business. I will only advise you that every business has risks. Do not apply the entire amount of capital you have in the business.

[BALIK]

Can I have your thoughts or ideas on this? What business is good to start in this current economy? If you will start a business, what will it be and why?

Based on the current economic situation, one should choose a business where there is always demand. Although if you start such a business, such as an agricultural-based or e-commerce online-based business, it will be in demand most of the time, in which case the possibility of loss will be less, but it will be best to start with a small capital in any business. But I think depending on the current time and situation, investing in Bitcoin will seem best to me, if you hold it for a long time, you will definitely get good financial profits from it in the future. Since Bitcoin is an independent currency, in that case, investing in Bitcoin looking at the current economic situation will be much better in the future.

Every business sector has its own needs. Otherwise, it would not exist.

Choosing to enter a high demand sector will not shield you from failure or losses. Because these fields are always highly competitive, and the success of a business will depend on many different factors.

Investing in bitcoin is a good idea, but I do not think it is relevant to this topic. We are discussing business.
In fact, if you know how to do business, you may even be able to make more money than investing in Bitcoin.

[junder]

Economy defers in different countries but no mater what country it is food business will always be lucrative, food is human daily needs and want so selling food stuff or a restaurant will always you a big return, people can't do with out food no mater how bad the country economy is people will always found a way to eat so am recommending food business as a good business to start up in it will always move market in any country condition.

One of the profitable businesses is food, because it is indeed a daily necessity for everyone even with households sometimes they still buy food outside either because they are lazy to cook or other reasons, but even so what needs to be considered is the location too. In my neighborhood there is a factory that runs with a large number of employees in the factory environment, there are also many businesses that exist with one of them being a food stall.

[DrBeer]

Can I have your thoughts or ideas on this? What business is good to start in this current economy? If you will start a business, what will it be and why?

What do you mean by "current economic conditions"?
If you don’t provide any further clarification, I’ll respond based on the global situation:
- oil production
- the production of high-tech chips
- the production of weapons, especially drones and short- and medium-range missile systems
and many other things that are in high demand in today’s global economy.

But something tells me that’s not the answer you were looking for
Let’s clarify:
- country
- education
- startup capital
- business experience

[passwordnow]

Yeah, that will work. You don't have to have your own capital to start but upfront payment from the sure buyer and then when the stock comes, they'll pay in full and that's when you'll also pay in full. The margin is there for you to calculate. But you need someone to trust you with this kind of business if you can't have that much capital to begin with. For I believe those who becomes successful in this niche should really have the capital to show to their potential customers.

In theory, that sounds easy, but trust me, without money, your business idea will not go anywhere.

Customer have no reason to place a deposit or pay upfront while we are the ones providing the product or service and have not fully proven the level of credibility or the value they will receive.

Yes, I know that it's hard to start without money. And that's the reality because people won't be trusting you that easy and that's why you have to put some capital into it. While those who have capital and yet they have the network and the trust of suppliers, this may really easy for them.

Starting a business requires capital, and that is the most important factor. Business without capital is like going to the battlefield without a gun, and you will only have one outcome.

The others are exceptional and they're able to make it just because they're trustworthy and given the chance. But 99% of us have to go through the usual process of having an actual capital in hands.

[Fredomago]

Economy defers in different countries but no mater what country it is food business will always be lucrative, food is human daily needs and want so selling food stuff or a restaurant will always you a big return, people can't do with out food no mater how bad the country economy is people will always found a way to eat so am recommending food business as a good business to start up in it will always move market in any country condition.

One of the profitable businesses is food, because it is indeed a daily necessity for everyone even with households sometimes they still buy food outside either because they are lazy to cook or other reasons, but even so what needs to be considered is the location too. In my neighborhood there is a factory that runs with a large number of employees in the factory environment, there are also many businesses that exist with one of them being a food stall.

Yeah right, food business is still in-demand as there are always possible clients from your neighborhood beginning with your friends and relatives, and if you are in a busy place where people might dropby that's a good advantage though, it's still depends from how good and how strategic your plans before starting your own business, and always going to depend on how your dedication and focus might be to cater everystruggles that you may encounter along the way, what it important is you have that determination to start as learning more will be on it's way from each experienced that you may have in your everyday journey facing working with your potential clients and those who already catering your products.

[Swordsoffreedom]

Economy defers in different countries but no mater what country it is food business will always be lucrative, food is human daily needs and want so selling food stuff or a restaurant will always you a big return, people can't do with out food no mater how bad the country economy is people will always found a way to eat so am recommending food business as a good business to start up in it will always move market in any country condition.

One of the profitable businesses is food, because it is indeed a daily necessity for everyone even with households sometimes they still buy food outside either because they are lazy to cook or other reasons, but even so what needs to be considered is the location too. In my neighborhood there is a factory that runs with a large number of employees in the factory environment, there are also many businesses that exist with one of them being a food stall.

Business ideas in essential goods such as food,  clothing and daily necessities are not new, and most people have thought about it at least a few time. But as we see, many businesses, food stores and clothing stores still go bankrupt and close down every year. It can be seen that the idea itself is not the deciding factor for a business's profit or success. Instead, it depends on execution, management...which are the key factors

At the end of the day, having a good idea is easy, but turning it into a profitable and sustainable business is the real challenge. In business, profit comes from how you run your business, not from what you sell.

[WatChe]

Based on the current economic situation, one should choose a business where there is always demand. Although if you start such a business, such as an agricultural-based or e-commerce online-based business, it will be in demand most of the time, in which case the possibility of loss will be less, but it will be best to start with a small capital in any business. But I think depending on the current time and situation, investing in Bitcoin will seem best to me, if you hold it for a long time, you will definitely get good financial profits from it in the future. Since Bitcoin is an independent currency, in that case, investing in Bitcoin looking at the current economic situation will be much better in the future.

If you are new to business then it's best to start will small capital and increase your investment as you learn more about the business. The issue with businesses like eCommerce is that they many people easily start this business but it's failure rate is very high due to different reasons. I have seen a fast food spot near my house that started it's business with a cart and as he got success he gradually increases his investment and now he owns a shop along with several employers. This is right approach to start business with investment that you can easily afford to lose.

[dezoel]

No business is good except the essentials for cyberpunk, such as food and Bitcoin

Running a public toilet is also essential and so is the water supply.
You can run any business you want just that it needs to provide something that almost everyone needs. If you are giving FMCG products, you will surely see a good business run over the years because these are essentials in life, but running this business also carries its own risks.

Current economy, future economy - try to make something that is full proof against changes in the economy, that is daily necessities, medicine, water. As long as humans live these will never be enough.

Even if you run a business, that everyone needs, if nobody knows about it then you are not going to make money. Marketing is the most difficult part of the business world, and letting people know what you are doing is very important.

On your example, a toilet, sure everyone needs it, but a toilet in the middle of the desert may get one people per day maybe, maybe not, while a toilet cabin type of business that rents it to concerts every weekend, makes a lot. So you gotta know your market.

[mindrust]

Can I have your thoughts or ideas on this? What business is good to start in this current economy? If you will start a business, what will it be and why?

Invest in computing imo.

Sell computer hardware, build a data center and sell computing, hosting etc... Whatever you do, it should include AI/Computing. That's the hottest shit at the moment.

Don't go start a restaurant business like a plebeian.

Energy is the second hottest shit cooking out there. Computing cannot happen without energy. Maybe you want to invest in solar energy. You know, buy solar panels from Chiiiinaaaaa and batteries and shit and start producing some green energi.

[SUPERSAIAN]

That's a really broad question. To answer it, you need to know the person. What education do they have, what skills do they possess? What have they done before, what are their future plans? There are so many things a person can do what's important is the individual and their skills. Every person can do any job, but that's only partially true.

Some people can do a job much better than others thanks to their skills. For the jobs you mentioned, it's best to start without making any investment. You could be a broker, or do things like real estate, for example.

[fuguebtc]

Based on the current economic situation, one should choose a business where there is always demand. Although if you start such a business, such as an agricultural-based or e-commerce online-based business, it will be in demand most of the time, in which case the possibility of loss will be less, but it will be best to start with a small capital in any business. But I think depending on the current time and situation, investing in Bitcoin will seem best to me, if you hold it for a long time, you will definitely get good financial profits from it in the future. Since Bitcoin is an independent currency, in that case, investing in Bitcoin looking at the current economic situation will be much better in the future.

If you are new to business then it's best to start will small capital and increase your investment as you learn more about the business. The issue with businesses like eCommerce is that they many people easily start this business but it's failure rate is very high due to different reasons. I have seen a fast food spot near my house that started it's business with a cart and as he got success he gradually increases his investment and now he owns a shop along with several employers. This is right approach to start business with investment that you can easily afford to lose.

Most small business owner who start with a pushcart or a small shop do so mainly because they lack the capital from the beginning, not because they deliberately want to start on a small scale.

When starting a business, the amount of capital needed will depend on the scale and industry of the business you choose. Some business models require only a small initial investment, while others demand very large sums of capital right from the start


The idea that you should only start with a small amount of capital is not always correct, as it depends on your goals and the type of business you are pursuing.

[viljy]

Different countries have different conditions, different taxes, and different economies, so you should start from the local conditions. But there are universal principles that can be taken into account. These are the effective demands and the risks. Example. Online sales of everything that is not essential can collapse very quickly, as demand can collapse almost instantly (demand for clothing is one of the first to fall).

Another example. The online business of a marketplace is highly dependent on logistics, and in the event of large-scale transportation problems, losses for sellers on the marketplace, for owners of end points of purchase, and for the marketplace itself can be enormous. Hence, the conclusion is that not only reliable, effective demand is important, but also the stability of the sales channel, including logistics.  Therefore, a smaller scale is better than big risks.

For example, baking and selling buns at a stall is a more reliable business than selling clothes through an online marketplace. Why? It's very simple: a bun is more important than a shirt. And the customer's choice will be clear.

[laijsica]

Economy defers in different countries but no mater what country it is food business will always be lucrative, food is human daily needs and want so selling food stuff or a restaurant will always you a big return, people can't do with out food no mater how bad the country economy is people will always found a way to eat so am recommending food business as a good business to start up in it will always move market in any country condition.

One of the profitable businesses is food, because it is indeed a daily necessity for everyone even with households sometimes they still buy food outside either because they are lazy to cook or other reasons, but even so what needs to be considered is the location too. In my neighborhood there is a factory that runs with a large number of employees in the factory environment, there are also many businesses that exist with one of them being a food stall.

You are right and I like your plan very much. Many businessmen have changed their fortune by starting a food shop. The most important thing to pay attention to in this business is how good the quality of the food is and how tasty the food is. If you can maintain the quality of the food properly, you can definitely improve this business. There are several food shops in our area but not every shop can earn much profit because their food quality is not very good but there are 2 shops which have a large number of customers because their food quality is good and the price is relatively limited compared to other shops.

To improve the business, you have to understand the attitude of the customers and apply strategies only then you can improve the business. Never try to cheat with customers because if they understand that they are cheating by buying food, they will never buy from your shop.

[justdimin]

The best businesses I've seen weren't "ideas". They were annoyances which finally led some people to stop complaining about. Don't scroll for inspiration! Go outside. What's annoying?

Excellent point, and I agree 100%. Any business out there that's doing well is ultimately solving a problem that no other business currently is. What's Amazon? A simple idea that solves the problem of shopping in one place and delivered at home. Before doing any business, it's important to identify the gaps in the market and how you can fill those gaps. Just make sure what you are doing is not purely because of your passion but there is a demand in the market, and that you cannot get copied overnight. Every business can get copied, but it's good to have a USP.

People are willing to pay if you solve their problem. So focus on what is that problem you can solve, and that depends on your surroundings, so no one can analyse it for you.

[Shinpako09]

Business is not for everyone. It's not just about following the trend. It will probably take time before you see the fruits of your labor. The question is, can you and your finances last that long without going bankrupt first?

If it's just business ideas, there are plenty, like coffee shops, online clothing stores, cosmetics, and many more. Everything comes with risk. Business is not as simple as it seems, and not every business ends up being successful.

I'm not trying to discourage anyone, but that's the reality. We live in different countries, so what works in one place may not work in another. Different locations have different markets and trends.

[Synchronice]

Can I have your thoughts or ideas on this? What business is good to start in this current economy? If you will start a business, what will it be and why?

I think that fitness industry is still a very good industry and it has many areas for development where the competition isn't huge everywhere. For example, to my mind, it's a good idea to focus on healthy products like almond milk (it only contains 4% almond, the rest is the water but for a fitness enthusiast, it's the way to go anyway). Then there is also a Greek Yoghurt, which many people use as an alternative of mayonnaise. Then there is also a peanut butter but instead of peanut, you can create an almond butter, which is much healthier. Also, dates butter and so on.

[Johnlomape]

Can I have your thoughts or ideas on this? What business is good to start in this current economy? If you will start a business, what will it be and why?

You can think about which business to start in the context of the financial and social conditions of your country. You can plan based on the geographical location of your country and the availability of resources in that country. If you live in a city, you will have to apply one type of business strategy and if you live in a village, you will have to apply another strategy.
Before you start a business, prepare yourself, start a business in which you are good at and try to do a business that will be respectable for you. I will not directly advise you to do any business. I will only advise you that every business has risks. Do not apply the entire amount of capital you have in the business.

Before starting any business, you must understand what the people need and the location it will be most important for them.
You can not go to an industrialized location to open a cloth business when you know that there is no much people living in the location.
Residential area is the best location to do a cloth business where people can be seeing the cloth samples when they are going work and coming back from work. Business has specific location where they will be needed and people need to see your products for them to patronize you. We don't have to do business blindly without asking questions that matters.

[Maslate]

Can I have your thoughts or ideas on this? What business is good to start in this current economy? If you will start a business, what will it be and why?

If you ride within the current business trend, then make sure that you can always handle the stress and pressures just to gain an edge over other competitors.

But if you settle on what is normal or traditional business like local retail and convenience, services and trades, and food and catering, and make a good marketing online, I am sure that even if this business trends will fade, still your business will stay and will continue to grow depending on how you manage and market your business.

[JoyceBTC]

Before starting any business, you must understand what the people need and the location it will be most important for them.
You can not go to an industrialized location to open a cloth business when you know that there is no much people living in the location.
Residential area is the best location to do a cloth business where people can be seeing the cloth samples when they are going work and coming back from work. Business has specific location where they will be needed and people need to see your products for them to patronize you. We don't have to do business blindly without asking questions that matters.

Yes your business location is one thing that helps you to connect with your customers it is important you choose a good location that will be suitable for the kind of business you want to establish. Online has given some business more visibility it has made some people to gain more customers since they can get a location, start up the business then promote and sell more online through the help of social media. If you are new to any business after considering your capital your location should come to your mind since you will need more people to notice what you sell and what you sell should attract passer-by for them to branch and buy from you.