facebookIf you opened a business, what type of business would it be? - Seedly

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Anonymous

20 Aug 2020

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Career

If you opened a business, what type of business would it be?

Could be anything at all. And what would you name it?

Discussion (4)

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I would wanna open my own F&B restaurant heh

A business is started to solve the problems and cater to the needs and demands existent in society , only then will the business thrive and succeed.

There is no right and wrong answer to which industry should entrepreneur venture to. Different industries thrive at different period as history has shown. Before covid hits the world, property rental business thrive. When covid hit,businesses in these industries start to struggle as many people starting to work from home,going out lesser, which lead to fall in consumer demand in retail sector, which eventually affect rental business. Across world, there is obvious shift of consumer patterns to online shopping, which leads to online businesses to thrive this year.

Performance of industries changes constantly with market changes. In industries that aren't performing well, there are companies that still survive and do well during bad times, while there are sunken companies that went to state of insolvency.

The fundamental question to why companies survive and grow after crisis lies in---does the business contribute values to solve the problems existent which the society is willing to pay for these solutions?

Samantha Ong

19 Aug 2020

Seedly Student Ambassador 2020/21 at Seedly

Maybe a business that is able to deal with the current problem of information overload. A business t...

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