The business development grows along the passage of time. Business trends continue to grow as market demand grows. Many new entrepreneurs arise by opening new business to meet the diverse customers’ needs. Some of them are succeed with their new businesses, while the rest of it should fall. The business successes or failures are influenced by many factors. One of the reasons is the capability to capture and understand the market needs and turn it into a well-planned business idea. However, the current economic condition may also influence the business sustainability, such as lower purchasing power due to higher exchange rate. However, some businesses are considered to be resilient with high demand. Here are 7 hot business trends:
- E-Commerce Business. The first one of business trends is e-commerce business. It can not be denied, the technology and information development today have great influence to the business opportunities. This e-commerce business is very promising because the internet users either through desktop PC or mobile phone or smartphone have significant growth. Sites like Zalora or AliExpress are easily found on the internet. Moreover, some internet users who see the new opportunity, start to set up a new business like search engine optimization services or digital marketing. A publication of e Marketer website shows that the development of ASEAN e-commerce market until 2017 will grow up to 25%. This figure is quite large compared to America and Europe.
- Transportation services .The demand for dynamic, fast and reliable transportation services is increasing every year, especially in big cities with crowded traffic jams. The public transport users are growing significantly. For example the increasing number of online transportation users such as Grab Taxi or Uber. Besides, the driver’s interest in registering as part of the online transportation business shows that this business have great opportunity.
- Tourism Business. The higher the standard of someone’s living, the more aware their needs of having holiday. Travel business could be one of the best options for those who seek the business idea. The travel and tourism exhibition is the event that people expect to have comprehensive information regarding to tourism destination, accommodation, and transportation. Although the declining economy occurred, but it does not influence the market to have holiday. It means that no matter how the economic situation is, it does not have significant influence to tourism business. Tourism business has wider coverage, such as tour planner, tickets providers, and others. You can take which one is suitable for you.
- Food and Beverage. A classic and long lasting business that never loses their markets. Food, as the primary human needs has started to swift its function. It’s not only to meet the human needs, but also as lifestyle. Thus, new food or beverage menu has become the easily-widespread-business. People are eager to have the new experience in tasting new menu. Nowadays, franchise business in food and beverage with many offers are easy to find. You can choose one of them based on your financial capability. Some of them offer low budget franchise business. Or if you have some kind of family-old-recipe, why don’t you try open your own business?
- Advertising and Publishing. Advertising business has great opportunity since almost any businesses will need promotion tools. The promotion cost usually needs a lot of cash. This business profit is quite promising, especially if you have out of the box ideas or unique concepts that make your business different from others. To start this business you don’t even need an expensive media. You can start it through professionally built blogs
- Technopreneur Start up. The growing innovation in the field of technology and information also influence the business development. It opens a new opportunity for application developers, or technopreneur. At present, the application demand to support the company’s activities has grown rapidly such as an application to manage HR, finance or M2M.
- Consulting Business. Last but not least hot business trends is consulting business. Uncertain world economic conditions make many entrepreneurs, especially those whose business is growing, need a business consulting service. Business consultants provide management consulting to help organizations improve performance and efficiency. These professionals analyze the business and create solutions and also help companies meet their goals.
