Starting a Business in the Service IndustryIf you are looking for a new career, chances are you will find the greatest opportunity in the services industry.
This article explains that in order to identify a viable service-business opportunity, it is important to find a niche that satisfies each of the following:
1. An unmet demand by the marketplace;
2. An area of expertise one is also passionate about;
3. A competitive advantage, usually the application of information technology.
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Small Changes Yield Big ResultsTechnology is increasingly the competitive edge businesses use to distinguish themselves from competition in order to become more profitable. How might you apply technology to your own business practices? This article provides a few examples of how technology has helped many other small businesses, such as:
- Saving Time
- Reducing Error
- Increasing Revenue
- Decreasing Costs
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