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Business Development: What would be the promising business model for 2021?
JN
JN
Justin Novak | Startup, SaaS, & E-Commerce Growth Consulting, Start-Up, SaaS, & E-Commerce Consulting. 2 exits. answered:

Rephrase this question by taking an introspective look at your own strengths & identifying how you can bring value to the world at large, or better yet, a segment of the world.

I've made the mistake of following the heard, 'shiny object syndrome' & chasing the hottest new industry. Often times, by the time an industry is hot, someone in a garage has already been hacking away at it for the past 5-10 years and they're well positioned to own a large segment of the market share.

Don't chase fads, trends, & bubbles. Be the guy hacking away in at their business and your time will come.

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To answer your question more directly, he increase in the number of people starting their own businesses in the US has surged to a 13-year high. People such as yourself perhaps. Solving a need for these new business owners is a massive opportunity. I feel that providing some fashion of digital services to these new business owners is a nice niche to carve out.

Best of luck :)

Talk to Justin Upvote • Share
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