Author: dorothyminnie

Any aspiring entrepreneur researching how to start a business will likely be advised to write a business plan. But few resources provide business plan examples to really help guide you through writing one of your own.

That’s why we took some real-world and sample business plan examples of product-based ecommerce businesses to show how you can write your business plan.

7 business plan examples: section by section

The traditional business plan examples we’ll look at below follow this example template:

1. Executive summary. An introductory overview of your business.
2. Company description. A more in-depth and detailed description of your business and why it exists.
3. Market analysis. Research-based information about the industry and your target market.
4. Products and services. What you plan to offer in exchange for money.
5. Marketing plan. The promotional strategy to introduce your business to the world and drive sales.
6. Logistics and operations plan. Everything that happens in the background to make your business function properly.
7. Financial plan. A breakdown of your numbers to show what you need to get started as well as to prove viability of profitability.

Executive summary

Your executive summary is a page ipnuippnupati.id that gives a high-level overview of the rest of your business plan. It’s easiest to save this section for last.

In our free business plan template, the executive summary is four paragraphs and takes a little over half a page:

Company description

You might repurpose your company description elsewhere, like on your About page, social media profile pages, or other properties that require a boilerplate description of your small business.

Soap brand ORRIS has a blurb on its About page that could easily be repurposed for the company description section of its business plan.

You can also go more in-depth with your company overview and include the following sections, like we did for Paw Print Post:

• Business structure. This section outlines how you registered your business—as an LLC, sole proprietorship, corporation, or other business type. “Paw Print Post will operate as a sole proprietorship run by the owner, Jane Matthews.”
• Nature of the business. “Paw Print Post sells unique, one-of-a-kind digitally printed cards that are customized with a pet’s unique paw prints.”
• Industry. “Paw Print Post operates primarily in the pet industry and sells goods that could also be categorized as part of the greeting card industry.”
• Background information. “Jane Matthews, the founder of Paw Print Post, has a long history in the pet industry and working with animals, and was recently trained as a graphic designer. She’s combining those two loves to capture a niche in the market: unique greeting cards customized with a pet’s paw prints, without needing to resort to the traditional (and messy) options of casting your pet’s prints in plaster or using pet-safe ink to have them stamp their ‘signature.’”
• Business objectives. “Jane will have Paw Print Post ready to launch at the Big Important Pet Expo in Toronto to get the word out among industry players and consumers alike. After two years in business, Jane aims to drive $150,000 in annual revenue from the sale of Paw Print Post’s signature greeting cards and have expanded into two new product categories.”
• Team. “Jane Matthews is the sole full-time employee of Paw Print Post but hires contractors as needed to support her workflow and fill gaps in her skill set. Notably, Paw Print Post has a standing contract for five hours a week of virtual assistant support with Virtual Assistants Pro.”

Your mission statement may also make an appearance here. Passionfruit shares its mission statement on its company website, and it would also work well in its example business plan.

Market analysis

The market analysis consists of research about supply and demand, your target demographics, industry trends, and the competitive landscape. You might run a SWOT analysis and include that in your business plan.

Here’s an example SWOT analysis we did for an online tailored-shirt business:

You’ll also want to do a competitive analysis as part of the market research component of your business plan. This will tell you who you’re up against and give you ideas on how to differentiate your brand. Your competitive advantage audit might look like this:

Products and services

This section of your business plan describes your offerings—which products and services do you sell to your customers? Here’s what we wrote for Paw Print Post:

Marketing plan

It’s always a good idea to develop a marketing plan before you launch your business. Your marketing plan shows how you’ll get the word out about your business, and it’s an essential component of your business plan as well.

For Paw Print Post, we focused on four Ps: price, product, promotion, and place. However, you can take a different approach with your marketing plan. Maybe you can pull from your existing marketing strategy, or maybe you break it down by the different marketing channels. Whatever approach you take, your marketing plan should describe how you intend to promote your business and offerings to potential customers. It’s OK to go high level here.

Logistics and operations plan

For Paw Print Post, we looked at suppliers, production, facilities, equipment, shipping and fulfillment, and inventory.

Financial plan

The financial plan provides a breakdown of sales, revenue, profit, expenses, and other relevant financial metrics related to funding and profiting from your business.

Ecommerce brand Nature’s Candy’s financial plan breaks down predicted revenue, expenses, and net profit in graphs.

It then dives deeper into the financials to include:

• Funding needs
• Projected profit-and-loss statement
• Projected balance sheet
• Projected cash-flow statement

You can use this financial plan spreadsheet to build your own financial statements, including income statement, balance sheet, and cash-flow statement.

Types of business plans, and what to include for each

One-pager

A one-page business plan is meant to be high level and easy to understand at a glance. You’ll want to include all of the sections, but make sure they’re truncated and summarized:

• Executive summary: truncated
• Market analysis: summarized
• Products and services: summarized
• Marketing plan: summarized
• Logistics and operations plan: summarized
• Financials: summarized

Startup

A startup business plan is for a new business. Typically, these plans are developed and shared to secure outside funding. As such, there’s a bigger focus on the financials, as well as on other sections that determine viability of your business idea—market research, for example.

• Executive summary
• Company description
• Market analysis: in-depth
• Products and services
• Marketing plan
• Operations
• Financials: in-depth

Internal

Your internal business plan is meant to keep your team on the same page and aligned toward the same goal.

• Executive summary
• Company description
• Market analysis
• Products and services
• Marketing plan
• Logistics and operations plan
• Financials

Strategic

A strategic, or growth, business plan is a bigger picture, more-long-term look at your business. As such, the forecasts tend to look further into the future, and growth and revenue goals may be higher. Essentially, you want to use all the sections you would in a normal business plan and build upon each.

• Executive summary
• Company description
• Market analysis: comprehensive outlook
• Products and services: for launch and expansion
• Marketing plan: comprehensive outlook
• Logistics and operations plan: comprehensive outlook
• Financials: comprehensive outlook

Feasibility

Your feasibility business plan is sort of a pre-business plan—many refer to it as simply a feasibility study. This plan essentially lays the groundwork and validates that it’s worth the effort to make a full business plan for your idea. As such, it’s mostly centered around research.

• Company description
• Market analysis
• Products and services
• Logistics and operations plan
• Financials

More resources for validating your ideas:

• Product Research: The 15-Step Checklist for Finding Profitable, In-Demand Product Ideas
• Video: How to Validate Your Product Ideas

Set yourself up for success as a business owner

Building a good business plan serves as a roadmap you can use for your ecommerce business at launch and as you reach each of your business goals. Business plans create accountability for entrepreneurs and synergy among teams, regardless of your business model.

Kickstart your ecommerce business and set yourself up for success with an intentional business planning process—and with the sample business plans above to guide your own path.

Political science is the study of politics and power from domestic, international, and comparative perspectives. It entails understanding political ideas, ideologies, institutions, policies, processes, and behavior, as well as groups, classes, government, diplomacy, law, strategy, and war. A background in political science is valuable for citizenship and political action, as well as for future careers in government, law, business, media, or public service.

What questions do political scientists explore?

Political science tries to understand how politics works. Our field tries to answer these questions and many others.

• Why do countries fight wars?
• Why can’t the Democrats and Republicans in Congress cooperate with each other?
• Why are some countries rich and others poor?
• What does it mean to act ethically in politics?

You can engage in research opportunities with our faculty. You can conduct independent and collaborative research on questions they are investigating or ones of your own.

What Types of courses Can I take?

We provide students an opportunity to learn about politics from various perspectives. Classes are offered in the four major subfields: American Politics, Comparative Politics, International Relations, and Political Theory. Many courses cut across subfields. While some students choose the majority of courses from within one or two subfields, most take a wide variety of courses that span different areas.

If you wish, optional concentrations provide a structured academic plan. We encourage you to consult with department advisers to design kamalinews.id individualized programs of study. For example, students have designed concentrations around themes such as race, ethnicity, and politics; global transformation; representation and law; social and economic inequalities; terrorism and national security; and citizenship studies.

For a more detailed description of how to approach undergraduate studies in political science, please begin with our First-Year Focus page. For questions pertaining to choosing courses, please review our undergraduate frequently asked questions page.

How does political science prepare me for the future?

Our curriculum focuses on critical thinking, data analysis, and ethical reasoning and provides you with knowledge about current and past political events across the world. Our alumni pursue a number of different careers. These include government service (at federal, state, and local levels) nonprofits, law, campaigns and polling, journalism, consulting, and business.

• Rigor and flexibility: You can become an expert in a specific area of study and choose from a wide range of electives within the major.
• Diverse career paths (e.g., law, government service, business, policy analysis, teaching, consulting)
• Strong analytical skills: Learn to critically evaluate problems and solutions; develop skills in research, writing, and argumentation; acquire quantitative skills and become familiar with multiple methodologies; earn skill-based certificates of achievement in foreign language and/or quantitative skills.

Having a savings account isn’t enough

Saving money is important, but it’s only part of the story. Smart savers start by building sufficient emergency savings within a savings account or through investment in a money market account. But after building three to six months of easy-to-access savings, investing in the financial markets offers many potential advantages.

Investing is an effective way to put your money to work and potentially build wealth. Smart investing may allow your money to outpace inflation and increase in value.

The greater growth potential of investing is tapaksuci.id primarily due to the power of compounding and the risk-return tradeoff.

The power of compounding

Compounding occurs when an investment generates earnings or dividends which are then reinvested. These earnings or dividends then generate their own earnings. So, in other words, compounding is when your investments generate earnings from previous earnings.

If you invest in a dividend-paying stock, for example, you might consider taking advantage of the potential power of compounding by choosing to reinvest the dividends. To help increase the potential benefits of compounding, start investing as soon as possible and automatically reinvest your dividends and other distributions. Read about the power of compounding and the cost of waiting.

The risk-return tradeoff

Different investments offer varying levels of potential return and market risk.

• Risk is an investment’s chance of producing a lower-than-expected return or even losing value.
• Return is the amount of money you earn on the assets you’ve invested, or the investment’s overall increase in value.

Investing in stocks, for example, has the potential to provide higher returns. In contrast, investing in a money market or a savings account likely won’t offer the same return potential but is considered less risky than investing in stocks.

The amount of risk you carry depends on your appetite — or tolerance — for risk. Only you can decide how much risk you’re willing to take for the potential of higher returns. But if you’re seeking to outpace inflation, taking on some risk may be necessary. An increase in risk may provide more potential for your money to grow.

Technology Readiness Levels (TRLs) are a method for understanding the technical maturity of a technology during its acquisition phase. TRLs allow engineers to have a consistent datum of reference for understanding technology evolution, regardless of their technical background.

If you have any questions or need help, email us to get expert advice:

What Do TRLs Measure?

Originally developed by NASA in the 1970s for space exploration technologies, TRLs measure the maturity level of a technology throughout its research, development and deployment phase progression. TRLs are based on a scale from 1 to 9, with 9 being the most mature technology.

Many organisations have hyundaisemarang.id implemented TRLs for their own purposes, with certain organisations, such as the European Union (EU), further normalising the NASA readiness-level definitions, allowing for easier translation to multiple industry sectors – not just space exploration.

The EU defines the nine levels as follows:

Addressing Technology Readiness Levels

Systematic addressing of TRLs is required, allowing a technology to evolve from conception through to research, development and deployment. Universities, along with government funding sources, focus on TRLs 1-4, while the private sector focuses on TRLs 7-9.

The term ‘Valley of Death’ represents the often neglected addressing of TRLs 4 through to 7, where neither academia nor the private sector prioritise investment. Consequently, many technologies, albeit promising, finish their maturity journey prior to deployment.

To bridge the valley of death, collaborative efforts are often required. TWI has a long history of working with its Members and academia, across a range of industry sectors, to fulfil this need. Discussed below are examples of these collaborations.

TWI collaborated with aerospace contractor Airbus Defence and Space to satisfy a European Space Agency request to investigate cost-effective manufacturing methods for titanium alloy propellant tanks. The consortium, making use of TWI’s expertise, raised the TRL of stationary shoulder friction stir welding of titanium alloy propellant tanks to TRL 6.

Collaborating closely with Rolls-Royce, TWI, using laser additive manufacturing, produced nickel alloy seal segments for the Intermediate Pressure stage of a Trent engine. This involved TWI taking the technology from a laboratory stage (TRL 3) through process development to successful engine testing (TRL 7).

TWI has decades of experience working with the automotive industry on a variety of different challenges and developments, including electric vehicle battery welding,  pushing concepts through to TRL 7 and beyond.

The Non-Metallic Innovation Centre, housed at TWI’s Cambridge facility, was created alongside Saudi Aramco Technologies Company (AramcoTech) and the Abu Dhabi National Oil Company (ADNOC) to investigate and advance the use of non-metallic materials for industrial applications. The centre conducts a research programme covering TRLs 1-9.

Optimal health is not a destination we arrive at, then kick back forevermore with a jug of sangria; it’s a path we forge every day through the decisions we make. There are, of course, health impacts that we can do nothing about – some conditions are inherited or otherwise unavoidable, and accidents can alter the course of our lives – but for most of us, there are things that we can do that help us feel better, and live happier lives. We just need to work out what those things are, and then find ways to make them happen, but it all starts with being motivated enough to walk this path, and curious enough to ask the right questions.

What is a Healthy Lifestyle?

A healthy lifestyle is not categorized by the absence of illness or disease; it is more about our total physical, mental and social well-being. It is a way of living that is personal to each of us but at its core it makes us feel as good as we can in ourselves.

What Are 10 Benefits of Being Healthy?

It’s a good question. We know we should be healthy but we rarely stop to ask ourselves why! These are our top ten picks, but there are, of course, plenty more.

Prevents Disease

With five of the top ten causes of death in America being associated with our lifestyle choices, there is much we can do to prevent disease – particularly heart disease, stroke, cancer, Alzheimer’s and diabetes. In fact, the advice for preventing all these diseases and more is very similar. We’ll come to that shortly!

Saves Money

Some of the things that are bad for us are also expensive financially. Smoking, for example, is expensive and so is buying meat. If we walk or cycle wherever possible, we can reduce our transport costs. And if these things keep us well, we can reduce the expense of buying over-the-counter medicines, too.

Lengthens Lifespan

It’s no great surprise that the healthiest people tend to live longest, so for those who love life and want to get the most out of it, making healthy choices is essential. This can mean making changes to our diet and exercise regime, but it can also mean engaging with our communities, cherishing friendships and taking time to volunteer.

Is Good For The Environment

Through the pandemic and the climate crisis, we have seen very clearly that what is good for us is also good for the planet. When we make healthy plant-based food choices, for example, we reduce our impact on the Earth. When we walk or cycle, we cut emissions. When we find happiness in ourselves we don’t need to keep buying “stuff” that ends up in landfill. We are very much part of a wider ecosystem, and care for one means care for all.

More Life-force Energy

You know that feeling where everything just feels right? When we are optimally healthy – and this will be different for everyone – we can aagallery.id get a sense of deep wellbeing. It comes from being rested, not stressed or anxious, and feeling good in ourselves and about the world. When it happens, we can even feel life coursing through our veins!

Improved Memory

Diet, stress and exercise all play a key part in our cognitive functions, so whether it is a memory boost you are after or preventing degenerative diseases like Alzheimer’s, there are lifestyle choices we can make that will give us the best chance.

Getting a Good Night’s Sleep

This is part of a virtuous circle: when we feel good, we sleep better; and when we sleep better, we feel good! So, all we have to do now is to work out how to break into this positive cycle and reap the benefits!

Clears Up Bad Skin

We may feel as though we have been cursed with bad skin, but for many people the problem is in their diet, not their genes. One recent study connected both sugar and dairy to higher rates of acne, so when we cut out these foods, we may find a host of health benefits, and one of those could be glowing skin.

Increased Happiness

With all of these other benefits, it’s easy to see why good health can also lead to increased happiness. If we are exhausted, stressed, sick and anxious, happiness can feel a world away but small actions can lead to big results over time.

Taking Control of Your Life

Making decisions that lead to positive outcomes is empowering! So, when we decide to make changes that benefit our health, and then act on them, we can get a huge sense of achievement. Our self-esteem improves and we can feel as though we are not at the mercy of the world, after all, but we are taking control of our own lives.

Which Benefit of a Healthy Lifestyle Best Applies to Teens?

The benefits apply to everyone, but since chronic diseases tend to show in later life, teens may find that the biggest benefits relate to their sense of self-esteem, which is, of course, tied in with all other benefits, too! Exercise releases endorphins which make us feel good about ourselves. Eating healthily gives us the energy boost that helps us keep doing the things we love, while also reducing the chances of poor skin and digestion. And sleeping well means we can focus at school and have plenty of energy left for activities and socializing. All these things are connected.

How to Maintain a Healthy Lifestyle?

Ah, the million-dollar question! We know we want to be healthier but what can we do practically and sustainably to help us achieve it? These are our tips …

Exercise

Too often exercise is made to sound like a punishment but it should never be that. Ask yourself: What movement brings me joy, and makes me feel good about myself? It could be hiking alone, dancing with your partner, skating with your family, or running up big hills in the wind and the rain. Whatever it is that you look forward to doing, do that.

Get a Healthy Diet

Again, this is not punishment! A healthy diet should taste good as well as do good, and there should be no sense of deprivation. At first, you may need to break some old bad habits so you can get rid of the foods that are harming you, but fill out your plate with tasty plant-based foods – lots of colors, flavors, and textures – and you will soon love eating this way because it changes how you feel. Eating a whole food plant-based diet is not about deprivation; it still leaves room for the occasional treat.

Sleep Properly

This is the Holy Grail for many of us. Our lives are often so busy, crammed with tasks we must do, that we are not able to switch off and get the sleep we desperately need to feel good and function well. Eating healthily and exercising regularly can have a big impact on the quality of our sleep, and we recommend experimenting to find the right pre-bedtime routine for you. This can include: turning off screens early; cutting caffeine; meditating to help quiet a busy mind; taking a warm bath; doing gentle yoga; journaling to get your thoughts out of your head; and reading.

Take Care of Your Health

Be mindful of your health. It’s a precious gift, so don’t take it for granted. One thing we have learned from the coronavirus pandemic is that underlying health conditions can make us all more vulnerable to infections. Taking steps to protect our health can be as simple as washing our hands more regularly, eating more fruits and vegetables, and going for a 20-minute walk after work. A few small, achievable steps can have a big impact on our lives.

Avoid Alcohol, Drugs and Unsafe Practices

There are some things that are inherently risky, both for our physical and mental health, and alcohol overuse and drugs fall squarely into that category. This does not mean that they will be a problem for everyone, but they do significantly increase the risks.

Do What You Love

If we each get to live just this one life, why would we waste it doing things we hate? In many cases, we can enhance our lives and make ourselves happier by making small changes, such as meeting new people, taking a class, trying a new sport, or visiting old friends. These can all put a pep in our step and make us happy to be alive again. Whatever it is you love doing, do more of it.

Get Rid of Bad Energy

This is about how we speak to and treat ourselves, and how we let others do the same. For many of us, “bad energy” comes from within. A voice in our heads may speak to us in a way we would never speak to others, so what can we do to change its narrative? Working on our self esteem is important, and we may benefit from meditation and mindfulness, exercising more, or setting ourselves a new challenge.

As for the bad energy directed at us by others, we may need to examine how things got to be this way and whether it can be repaired. Can we break a toxic cycle by being compassionate while still standing up for ourselves? Sometimes the best thing may be to put some emotional or physical distance between you and whatever or whoever it is that is causing the problem.

Don’t Skip Doctors Appointments

If there is something that is worrying you, please see a doctor. It may turn out to be nothing and you can stop stressing about it, or it may be something and you can take action on it. Either way, your health will only improve by seeking professional medical advice. In the US, there are many diverse reasons for not scheduling or for canceling appointments, such as cost, time constraints and access. We understand it’s not always easy, but if you need help and you can access it, please take it.

Are Vegans Healthier Than Meat Eaters?

There are many diseases and conditions that vegans suffer from less than meat eaters, including some of the leading causes of death: heart disease, stroke, cancer, diabetes and Alzheimer’s. Apart from eating a plant-based diet, there are other things that reduce the risk of experiencing these: exercising, reducing stress, avoiding cigarettes, sleeping well, and finding joy in your life. Does that advice sound familiar?!

Conclusion

Research consistently shows that vegans suffer less from many serious diseases and conditions than meat-eaters, which makes choosing a whole food plant-based diet an excellent way to kick-start our journey towards great health. In the short term it can boost our energy, improve our digestion, clear up our skin, and help us sleep better. And in time, the benefits can grow and grow. Marry this great way of eating with other lifestyle changes, such as finding an exercise you love, joining a community of like-minded people, and developing a healthy sleeping pattern, and life can be sweet indeed.

A well-balanced diet provides all of the:

• energy you need to keep active throughout the day
• nutrients you need for growth and repair, helping you to stay strong and healthy and help to prevent diet-related illness, such as some cancers

Keeping active and eating a healthy balanced diet can also help you to maintain a healthy weight.

Deficiencies in some key nutrients – such as vitamin A, B, C and E, and zinc, iron and selenium – can weaken parts of your immune system.

More about vitamins, minerals and nutrients

Type 2 diabetes

Maintaining a healthy weight newsfor.id and eating a balanced diet that’s low in saturated fat and high in fibre found in whole grains can help to reduce your risk of developing type 2 diabetes.

More about type 2 diabetes

Heart health

A healthy diet rich in fruits, vegetables, whole grains and low-fat dairy can help to reduce your risk of heart disease by maintaining blood pressure and cholesterol levels.

High blood pressure and cholesterol can be a symptom of too much salt and saturated fats in your diet.

Eating a portion of oily fish – such as salmon and trout – each week can also help to lower your risk of developing heart disease. The high levels of omega-3 fatty acids in oily fish are good for heart health.

Strong bones and teeth

A diet rich in calcium keeps your teeth and bones strong and can help to slow bone loss (osteoporosis) associated with getting older.

Calcium is usually associated with dairy products, but you can also get calcium by eating:

• sardines, pilchards or tinned salmon (with bones)
• dark green vegetables – such as kale and broccoli
• calcium-fortified foods – such as soya products, fruit juices and cereals

As vitamin D helps your body absorb calcium, make sure you get outside (your body gets vitamin D from the sun) and have plenty of foods containing vitamin D in your diet – such as oily fish and fortified cereals.

More about vitamin D

How to manage your weight

Eating a healthy diet that includes lots of fruit, vegetables, whole grains and a moderate amount of unsaturated fats, meat and dairy can help you maintain a steady weight. Having a good variety of these foods every day leaves less room for foods that are high in fat and sugar – a leading cause of weight gain.

Together with exercise, eating a healthy diet in the right proportions can also help you lose weight, lower your cholesterol levels and blood pressure and decrease your risk of type 2 diabetes.

Many aspiring entrepreneurs dream of starting a business, but finding a viable idea can be challenging. In the digital age, selling products and services online presents a vast array of unique, affordable startup options. The key is to match your interests, strengths and skills to an online business idea that can help fill a need in the market and grow into a profitable endeavor.

We’ve researched 50 online business ideas you can start quickly and affordably. With some hard work and diligent planning, you could soon own and maintain an online business that gives you the freedom to make money anywhere in the world.

Online business ideas you can start quickly

Whether you want to become a full-time entrepreneur or start a part-time online business to generate side income, your product or service should fulfill buguru.id a specific consumer need. We’ve compiled a list of potentially profitable online businesses that have minimal startup costs and are easy to get up and running quickly.

1. Small business consulting

Consultants advise businesses and individuals on various issues and business aspects. An online consultancy offers a limitless client reach, and you can get started quickly and easily.

In particular, small business consultants use their skills to help new business owners avoid typical startup mistakes and help experienced entrepreneurs grow their businesses and overcome obstacles. Your chances of success as a small business consultant are greater if you focus your strategy on a niche aspect of business consulting.

2. SEO consulting

If you know the ins and outs of search engines and have technical skills in platforms such as Google Ads and Google Analytics, becoming a search engine optimization (SEO) consultant may be a lucrative option. Many small business owners don’t realize how much of an impact SEO can have on their business.

Start your online SEO consulting business by educating clients on the power of SEO to help transform their websites and increase conversion rates. Then, use your marketing skills to show business owners the benefits of analytics data, strategic keywords and content structure to gain more organic web traffic.

Teach your clients about the importance of website visitor tracking to evaluate if their marketing approaches and content are working.

3. Social media consulting

Social media consultants are in top demand as social media for business becomes more crucial. Larger enterprises can hire an agency or a full-time staff member to run their social media accounts, but small businesses must often handle their social media marketing.

As a social media consultant, you can help small businesses devise tactics, create content calendars and develop an overall content strategy to reach their target audience. As their follower counts grow, so will your business.

4. Niche market e-commerce retail

There’s an audience for everything, even if it’s as specific as dollhouse furniture or organic dog food. With a niche e-commerce site, you can reach customers seeking your specific products. Finding a business niche can help you differentiate yourself from other brands and build credibility and expertise. Look to social media and evaluate consumer needs to develop a product to sell in your online store.

To get your e-commerce business up and running, you need a web hosting service with an integrated shopping cart feature or e-commerce software. To simplify the shipping process, you can work with vendors to ship products to customers on your behalf. This can reduce the amount of inventory you need to keep on-site.

Check out our reviews of the best web hosting services to find one that fits your e-commerce store’s needs and budget.

5. Web design or web development business

If you’re a creative digital professional who thrives on forming a website’s layout, visual theme, font set and color palette, freelance website design may be a good path for you. If you have little or no experience in this field, you can learn the basics of web design and master the tools you’ll need for success.

If you’re more interested in the coding side of building effective websites, freelance web development might be in your wheelhouse. If you know HTML, CSS or JavaScript and have a good eye for solving problems with creative solutions, you can launch a service to build attractive, easy-to-use websites for small businesses. If you need to learn the basics of web development before launching your full-stack career, take a beginner’s course to get started.

Put your technical and creative skills to good use for business owners who want to take their online presence to the next level. Build a comprehensive portfolio and create your own website to show it off and attract a steady stream of clients.

6. Online blogging

If you love writing or have helpful information to share, blogging may be a profitable business.

Starting a business blog is straightforward with website builders such as Weebly and WordPress. However, consistency and quality are key to success. To gain a steady following, you must continually write and produce high-quality content that provides value to your readers. Content that educates, informs or entertains your readers gives them a reason to follow you.

Once you’ve mastered consistent content creation, you can make money through your blog by selling products such as online courses, digital coaching, e-books or webinars. You can also sell ad space or sponsored posts. This business strategy may take a little more time and effort to monetize, but it can be very profitable.

7. Virtual assisting

Do you have impeccable organizational skills and task management abilities? Maybe it’s time to put those skills to good use by becoming a virtual assistant (VA). VA services typically involve basic administrative tasks, like entering data, making travel arrangements and answering phone calls. Previous experience in this field is ideal but not required.

Platforms such as TaskRabbit and Zirtual make it easy for VA professionals to find jobs. These sites allow you to create an online profile, sign up for tasks you want to complete — such as data research, virtual assistance or basic errands — and begin building clientele.

8. Affiliate marketing

If you love leaving customer reviews on sites like Amazon, consider looking into affiliate marketing as an income source. Word-of-mouth advertising is still a powerful lead generator for many companies. Many businesses are willing to share a portion of their profits with persuasive individuals who will promote their products to the public.

Affiliate programs break down into different involvement levels:

• Unattached affiliate marketing: Unattached affiliate marketing is a basic pay-per-click campaign that requires little or no involvement with the product you are promoting.
• Related affiliate marketing: Related affiliate marketing requires you to have some authority and content on the product you’re marketing, but you don’t personally have to use the product.
• Involved affiliate marketing: Involved affiliate marketing is perhaps the most effective, as it involves marketing a product that you actually use and enjoy.

If you have a personal website or social media presence with a large following, affiliate programs may be a profitable approach for you. PR reps always seek out brand ambassadors and influencers so they can send free samples.

Affiliate marketing uses trackable affiliate links to help brands see which marketing partners are driving traffic and sales to the brand’s e-commerce site.

9. Remote tech support business

Many small businesses don’t have room in their budgets to hire a full-time IT employee. When their systems go on the fritz, they usually call a computer-literate friend or family member. If you’re tech-savvy and have experience working on computers and networks, you can eliminate their need to call in a favor by offering immediate technical assistance via remote desktop software.

Although some businesses may prefer you to have a technical degree, many will look to your experience and knowledge instead. You can build your remote tech support business by contacting friends, family and local business owners to inquire about their tech support needs. Use job boards such as Upwork as another source for freelance tech support gigs.

10. Digital handmade craft shop

Online marketplaces for handmade goods, like Etsy and its competitors, make it extremely easy for artisans to sell their wares online. This is an option if you can produce a steady supply of quality handmade products, such as crocheted blankets or painted glassware, to sell online. If you have a unique craft, selling your products on an e-commerce site is a good way to earn income while you’re at home, doing what you love.

Startup costs for this business idea are extremely low if you purchase your creative materials in bulk from a craft supplier. If you can create and sell your artwork quickly in an online store, you’ll make a profit in no time. Local artisans find higher success when they promote their businesses on social media.

As a futurist, it’s my job to look ahead — so every year, I cover the emerging tech trends that will be shaping our digital world in the next 12 months.

What technologies are gaining the most traction? What are the most important trends that business leaders should be prepared for?

Read on for the ten essential tech trends you should be following in 2023.

1. AI Everywhere

In 2023, artificial intelligence will brangwetan.id become real in organizations. No-code AI, with its easy drag-and-drop interfaces, will enable any business to leverage its power to create more intelligent products and services.

We’re already seeing this trend in the retail market. Stitch Fix uses AI-enabled algorithms to recommend clothes to its customers that match their sizes and tastes.

Contactless, autonomous shopping and delivery will also be a huge trend for 2023. AI will make it easier for consumers to pay for and receive goods and services.

AI will also augment nearly every job in every business process across industries. More retailers will use AI to manage and automate the complex inventory management processes that happen behind the scenes, so convenience trends like buy-online-pickup-at-curbside (BOPAC), buy-online-pickup-in-store (BOPIS), and buy-online-return-in-store (BORIS), will become standard.

AI will also be the engine behind the newest autonomous delivery initiatives that retailers are piloting and rolling out, and more and more retail workers will need to get used to working alongside machines to do their jobs.

2. Parts of the Metaverse Will Become Real

I don’t particularly care for the term “metaverse,” but it’s become shorthand for a more immersive internet where we’ll be able to work, play, and socialize on a persistent platform.

Experts predict that the metaverse will add $5 trillion to the global economy by 2030, and 2023 will be the year that defines the direction of the metaverse for the next decade.

Augmented reality (AR) and virtual reality (VR) technology will continue to advance. One area to watch is the work environment in the metaverse — in 2023, I predict that we’ll have more immersive meeting environments where we can talk, brainstorm, and co-create together.

In fact, Microsoft and Nvidia are already developing metaverse platforms for collaborating on digital projects.

We’ll also see more advanced avatar technology in the new year. An avatar — the presence we project as we engage with other users in the metaverse — could look exactly like we do in the real world, and motion capture will even enable our avatars to adopt our unique body language and gestures.

We also might see further development in AI-enabled autonomous avatars that can act as our representatives in the metaverse, even if we’re not logged into the digital world.

Companies are already using metaverse technology like AR and VR to conduct training and onboarding, and this trend will accelerate in 2023. Consulting giant Accenture has already created a metaverse environment called the Nth Floor. This virtual world features replicas of real-world Accenture offices, so new hires and current employees can carry out HR-related tasks without needing to be present in a physical office.

3. Progress in Web3

Blockchain technology will also advance significantly in 2023 as companies create more decentralized products and services.

For example, at the moment, we’re storing everything in the cloud — but if we decentralize data storage and encrypt that data using blockchain, our information will not only be safer, but we’ll have innovative ways to access and analyze it.

Non-fungible tokens (NFTs) will become more usable and practical in the new year. For example, NFT tickets to concerts will potentially give you access to backstage experiences and memorabilia. NFTs might be the keys we use to interact with many of the digital products and services we buy, or they could represent contracts we enter into with other parties.

4. Bridging the Digital and Physical World

We’re already seeing an emerging bridge between the digital and physical worlds, and this trend will continue in 2023. There are two components of this merger: digital twin technology and 3D printing.

Digital twins are virtual simulations of real-world processes, operations, or products that can be used to test new ideas in a safe digital environment. Designers and engineers are using digital twins to recreate physical objects inside virtual worlds, so they can test under every conceivable condition without the high costs of real-life experiments. In 2023, we’ll see even more digital twins, from factories to machinery to cars to precision healthcare.

After testing in the virtual world, engineers can tweak and edit components, then create them in the real world using 3D printing technology.

For example, Formula 1 teams currently collect data transmitted from sensors during races, as well as race track temperatures and weather conditions, to see how cars change during races. Then they stream the data from the sensors to digital twins of the engines and car components and run scenarios to make design changes on the fly. The teams then 3D print car parts based on the results of their testing.

5. Increasingly Editable Nature

We will live in a world where we can make changes to material, plants, and even humans by editing them. Nanotechnology will enable us to create materials with completely new features, such as water resistance and self-healing capabilities.

CRISPR-Cas9 has been around for a few years, but in 2023 we’ll see gene editing technology accelerate to give us the increasing capability to “edit nature” by altering DNA.

Gene editing works a bit like word processing, where you can take some words out and add others in — but you can do it with genes. Gene editing can be used to correct DNA mutations, solve the problem of food allergies, increase the health of crops, or even edit human characteristics like eye and hair color.

6. Quantum Progress

Right now, there is a worldwide race to develop quantum computing at scale.

Quantum computing, which uses subatomic particles to create new ways of processing and storing information, is a technological leap that’s expected to bring us computers capable of operating a trillion times more quickly than the fastest traditional processors available today.

The potential danger of quantum computing is that it could render our current encryption practices useless — so any nation that develops quantum computing at scale could break the encryption of other nations, businesses, security systems, and more. This is a trend to watch carefully in 2023 as countries like the US, UK, China, and Russia pour money into developing quantum computing technology.

7. Progress in Green Technology

One of the biggest challenges the world is facing right now is putting the brakes on our carbon emissions so we can tackle the climate crisis.

In 2023, look for continued progress around green hydrogen, a new clean-burning source of energy that produces close to zero greenhouse gas emissions. Shell and RWE, two major European energy companies, are creating the first major green pipeline from wind plants in the North Sea.

We’ll also see progress in the development of decentralized power grids. Distributed energy generation using this model provides a system of small power generators and storage that are located in communities or individual houses — so they can provide power even if the main grid is not available. Right now, our energy system is primarily dominated by huge gas and energy companies, but decentralized energy initiatives have the potential to democratize power worldwide while decreasing carbon emissions.

8. Robots Will Become More Human

In 2023, robots will become even more like humans — in appearance and capability. These types of robots will be used in the real world as event greeters, bartenders, concierges, and companions for older adults. They’ll also perform complex tasks in warehouses and factories as they work alongside humans in manufacturing and logistics.

One company is working hard to create a human-like robot that will work in our homes. At Tesla AI Day in September 2022, Elon Musk revealed two Optimus humanoid robot prototypes, and said the company would be ready to take orders within the next 3 to 5 years. The robot can perform simple tasks like lifting items and watering plants — so perhaps soon we’ll be able to have “robot butlers” that help around in the house.

9. Progress in Autonomous System

Business leaders will continue making progress in creating autonomous systems, particularly around delivery and logistics. Many factories and warehouses have already become partially or fully autonomous.

In 2023, we’ll see even more self-driving trucks and ships, as well as delivery robots — and even more warehouses and factories will implement autonomous technology.

Ocado, a British online supermarket that describes itself as “the world’s largest dedicated online grocery retailer,” uses thousands of autonomous robots in its highly automated warehouses to sort, lift, and move groceries. The warehouse also uses AI to place the most popular items within easy reach of the robots. The Ocado company is now rolling out the autonomous technology behind their successful warehouses to other grocery retailers.

10. More Sustainable Technology

Finally, we’ll see a push toward more sustainable technology in 2023. Many (if not most) of us are addicted to technology like our smartphones, tablets, and computers — but where are the components coming from to manufacture our favorite gadgets? People will be thinking more about where rare earth components for things like computer chips originate and how we’re consuming them.

We’re also using cloud services like Netflix and Spotify, which still run in huge data centers that consume vast amounts of energy.

In 2023, we’ll see a continued push toward making supply chains more transparent, as consumers demand that the products and services they invest in are energy efficient and backed by more sustainable technology.

To stay on top of the latest on new and emerging business and tech trends, make sure to subscribe to my newsletter, follow me on Twitter, LinkedIn, and YouTube, and check out my books ‘Tech Trends in Practice’ and ‘Business Trends in Practice, which just won the 2022 Business Book of the Year award.

Eight low-cost business ideas with high profit potential

1. Creating a print on demand business

2. Selling digital products

3. Freelancing

Freelancing allows individuals to create a flexible schedule that works for their lives and offers their skills to clients they want to work with. As a freelancer, you can decide how much work you take on, when and where you work, and how fast your low-cost business will grow.

Because of this, the startup costs for a freelancing business are low. You can create a website to market your business or promote your services via social media or sites like Fiverr.

4. Affiliate marketing

5. Pet sitting and dog walking

A dog walking or pet sitting business is another low-cost new business idea because there are little to no startup costs involved.

You can promote your services using social media marketing and word-of-mouth referrals and prioritize building a website once your business is off the ground.

If you are passionate about dogs and other animals, there’s no reason why you can’t create your own dog-walking business for this furry niche!

• Get the necessary insurance, permits, and licenses for your pet-sitting business
• Offer daily walks, overnights, and multiple visits per day to create more demand
• Use digital marketing and your social media accounts to promote your business to locals
• Design a simple website with your pricing, contact information, and experience

The future is where we look for business. Any entrepreneur who wants to set his or her own business dynasty in the market or industry would primarily look out for the growth prospect held by such a business idea. This is because he or she would want that business to grow, expand and rein the business world, providing the consumers with what they want, updating them occasionally, and staying updated. The Indian business landscape is prepared to grow in multiple areas due to factors such as international trade, government stimulus, and an overall strong developing country.

Most business entities are keen on how they design, produce and launch products and services that are in current need for the consumers in the market. This will increase the reliability and credibility of the company as a brand among consumers and increase the consumer base with loyal ones. But with years and time passing, we can see that business ideas are changing or getting modified according to the changes happening in the daily life of consumers.

It is predicted that businesses that are based on collaborative economy models will enjoy immense success in the next few years. Some good examples are Airbnb, Uber, Ola and Lyft. These types of businesses help the final customers, assist the service providers, and ultimately make commissions. In this article, we are discussing the future of business and the business ideas that can be adapted to fit into this future.

1. Solar Power

The ideology of power has been changing slowly and steadily for many a year now. We can also see consumers and entrepreneurs shifting to the sustainable method of utilizing power, which would help them stay closer to the mother earth environment and protect it.

Solar power utilization is one of the major steps being taken in this. Various countries and their governments provide specialized subsidies to consumers for setting up solar power panels and using electricity generated from this instead of traditional and conventional electricity. Even the automobile industry is under the research process to come up with solar-powered batteries for running cars or vehicles, for that matter.

In this way, we can say that solar power and research or adoption of this as a business idea would be great. And using this would not only help you reap a good and loyal consumer base and increase brand credibility as you will be promoting sustainability.

2. Computer Engineering or IT

Information Technology or Computer Engineering has been in higher demand for many a year, and it should be understood that this will also be in demand in the future. With software developments and the integration of various technology-driven platforms, software or IT and Computer Engineering have become the centre of every business activity and the economy.

This is only assumed to increase and strengthen in the future, which would also give you a greater opportunity that can be utilized for reaping the maximum profit and income from the same. Be it finance, health, trading, manufacturing or other fields and industry, the need for software, integration and technical systems are increasing because all this big data and the analysis of the same are functioning as the centre of this particular department and business outsourcing is on trend.

Setting up a business with professionals from the IT and engineering department with technical skills and abilities would help in equipping yourself with a business for the future.

3. Asteroid Mining

This particular and possible business idea is limited to the sci-fi movie today. But with the resources running out on Earth, the demand and worth for rare metals and minerals seems to be increasing and worth similar to satellite and asteroid mining.

Asteroid mining is nothing but the exploitation of the materials that are available on asteroids and also the other planets, which are minor. This also includes the objects which are near Earth. And needs a lot of research and studies to be conducted so as to extract and make use of these materials and minerals or resources, which would help the planet Earth and its living beings make use of the same and extract the worth.

It also needs huge investments in the form of money, time and effort, which would be returned to the investor in a huge wave in the future.

4. Creating Body Parts

Creating body parts is one of the upcoming business ideas in which many entrepreneurs and experts invest huge amounts of money. The degrading polymers and stem cells are put into employment for engineering tissues. And it is connected with the growth of skin, connective tissue or muscle keeping and leaving the chances to be huge.

As a part of this, a company which is based in Connecticut is already doing the necessary research and work to heal the ACL tears caused to an individual without taking any connective tissue but by placing a degrading compound in the place and letting the stem cells within the blood do the healing.

In the future, the demand for this will rise, and the cure for cancer or other deadly diseases could also be found and deployed. So, this can be taken as one business idea in which an entrepreneur can invest to achieve greater difference and results. There will also be consumers ready and willing to pay for such services, making this a business idea with future prospects.

5. Marriage Counselling and Mental Health Care Center

Today it’s widely recognized that mental health is equally or more important in the health scenario, as mental health also holds the power to instigate and foster physical health. Therapists and psychologists are on larger work today to help and bring out people from the difficulties like depression, anxiety, panic attacks and various other worries that they are going through.

Marriages are also bigger problems today than ever before as both parties are aspiring and want to realize their dreams and success. So, this requires expert advice so that they can find solutions and stay together. Counselling before the marriage happens and even after is of great need and help to the couples and society, which is increasing the demand for such business entities. This will only be on ever rise into the future if the demand for the same is high even now.

6. Bottled Air

In 2009, the bottled water or drinking water industry owned more than $10 billion in revenue in the USA (United States of America) alone. And the trend effect of the same was reflected in many other countries like the Middle Eastern and Asian countries like India.

If this has gained this much popularity and a customer base, then the market for bottled and fresh air is not such a distance as people would need fresh, clean air to breathe. This is major because the environment surrounding us, especially in the cities, has started getting polluted, taking away from us the access to good and fresh air. And this is giving way to the new business idea of bottled air, which can be accessed only through paying and purchasing.

Like drinking water, this also holds the potential to become an inevitable need for humankind if we all continue to adopt our existing pattern of living and not embrace the sustainable method of living.

7. Charging Station for Automobiles

As electric vehicles are gaining importance in the current days, the advancement and gaining of the market by these vehicles are going to gain importance also consumers. More people are shifting to a sustainable method of living, and the adoption and use of electric vehicles in one major step towards this. Even developing countries like us or India are adopting electric vehicles showing us that this is got the real future.

So, boycotting gas stations and setting up charging stations for these vehicles would be a good and new business idea for everyone. And by setting this up, you are opening the business scope for today and for the future, which is wide open in this market. Millions of consumers have a dilemma about shifting to electric vehicles because there are no or lower charging stations available, which makes this a bigger opportunity.

8. Veterinarians

The number of people owning pets is increasing nowadays. And the farming and usage of animals for various industrial uses and other agricultural purposes are also increasing. With all this, compliance with the health requirements of these animals is also on watch as it is made legally enforceable.

And this is bringing in more scope for veterinarians, as all these owners, whether domestic or commercial owners are keen on maintaining and ensuring the health of their pets and assets. Couples, bachelors, and even families adopt or buy animals to be brought up as pets. They are also keen on the grooming, training and routine check-ups of these animals to keep them healthy in the long term with a good and lengthy life. Often, they are taken to the vets to perform surgeries or other acts to improve their life. And this gives an effective business opportunity for the entrepreneurs and widens the same in the upcoming market.

9. Pet Shop

Pets are in greatest demand nowadays as couples and bachelors are keen on having pets live with them as they believe this is an investment in their mental health and living standards. This is, in turn, increasing the prospects for the pet industry and market. Starting or setting up a business related to the pets’ sales, their foods, accessories, and also grooming would be a great business idea. When started and established in a good location like a metro city or other places with good development hope, we can say that this would serve a major business and success goal.
This business industry is expected only to get bigger and wider, reaching each and every nuke and corner of the world as there will be more and more of humankind to adopt buying and nurturing animals with them.

10. DNA

1892 Reading DNA is understood to provide clues to individuals’ sickness or health issues. Human kinds diseases and sufferings to health are believed to be revealing some diseases. Due to this, the reading of DNA is in greater demand as scientists find it useful and can explain many miracles.

The number of scientists trying to associate with the health ministries of various countries and conduct research in this field is increasing daily. But in the case of underdeveloped and developing countries, it is difficult to fund the resources required for conducting such research despite how useful this is.

Hence, if private industries and companies are willing to associate with such scientists who have a plan and a possible solution, an opportunity for a profitable business can be reaped from this. And this is expected to only increase and rise shortly and not be something which will be put out.