Business under sanctions
Sanctions. Someone sees this phenomenon as extremely negative, but is it really so bad? Food sanctions, that is, a ban on the import of certain goods from abroad, have caused such a phenomenon as import substitution. Products that used to be imported from the west must now be replaced with similar ones, but domestically produced.
Among economists, there is often an opinion that import substitution should have been done a couple of decades ago in order to provide the country with goods of its own production and create new jobs, which are always so lacking. Why they did not do this earlier, we will not argue. Now the question is more relevant: is it possible to build a small business under sanctions? We answer: you can! Business on sanctions will be based on the fact that the market niches freed from foreign manufacturers need to be filled by someone, and just small and medium-sized businesses are ideal for this. Continue reading
Why Forex trading is more profitable than bank deposits
Bank deposits are certainly a profitable tool – at least with it you can save money from inflation for a long time and even get a small percentage. But the problem is that in order to receive at least some acceptable income from bank deposits, it is necessary to have rather impressive amounts in the account, and it is very unprofitable to wait for the accumulation of the required amount with a small deposit. Therefore, for many people, with a more detailed acquaintance with the conditions of bank deposits, dreams of passive income are broken. Continue reading
Business Plan: Water Vending Machines
The problem of clean drinking water is relevant in all cities and towns. Drinking tap water without purification is unhealthy, and buying bottled water in stores and kiosks is not always convenient. In such a situation, vending machines for the sale of water become the solution to the problem.
The vending machine business in Russia is still relatively new. Residents are accustomed to using vending machines to buy hot drinks or snacks, and buying water this way is popular in no more than 20% of Russian cities. At the same time, in Europe and many Asian countries, this type of vending machines is in steady demand among buyers. Continue reading