Sunday, January 19, 2014

3 Business Ideas

I’m not the savviest with the current state of the markets out there, but nonetheless here are my three business ideas.  The first is more or less an actual business, but it involves creating and selling mobile applications.  I found out that there are opportunities to create applications for mobile devices such as Android phones and as smart phones are becoming more and more prevalent in this age, it feels that starting a “business” creating apps might be a valuable time investment (and also, it’s very interesting).  Like other businesses, working on apps will require attention to audiences, and there’s a lot of competition and it’s more than likely that a new business in the application department would not grow well without extensive work.  But I feel this may be one of the more fun and flexible options out there and is worth including in this list.
Another idea was inspired by Amazon (I believe it was them, anyway), which introduced a flying robot (still in the prototype/testing phase) that delivers packages to users very quickly.  Seeing this made me feel that the process might be very complicated and prone to problems.  What if it was steered off-course by winds, or what if something happened to it during flight that caused it to not be able to make the trip (e.g. getting stuck in a tree or somehow dropping the package midflight).  It feels like creating a technology that could solve these problems could lead to starting a technology-based company (that would try to sell to Amazon), but getting such a company to work will require finding and inventing other technologies to accompany to expand the product line.

The third idea is the simplest and is starting a fast-food restaurant.  I’ve seen many restaurants that serve great burgers I’ve watched a lot of a show called “Restaurant Impossible” where an expert goes to failing restaurants to identify why they fail and rebuilds them by changing the way their business is run, their menu, practices, and also rebuilding the restaurant itself.  I feel that although running a company in the form of a small restaurant still relies on a lot of business practices such as appealing to the area the restaurant is located, and also competing with all the other restaurants in the area.  On an added bonus, having a restaurant as a business means being around food, which is always a plus.

No comments:

Post a Comment