Tag Archives: business

3 Milestones of Business in Free Enterprise

The history of free enterprise and capitalism is an amazing story. Debates about the merits of the free market aside, the rise and fall of a host of business empires is an engaging tale. Part of this saga includes the different kinds of business models that have emerged and the degree of success they have experienced. If business models were characters in an ongoing drama, a few of them would stand out at various times as leading the cast. Cottage industries, mass production factories and franchise development all captured the spotlight at various times.

Photo by Sean Pollock on Unsplash

Early Business in Free Enterprise

Sole proprietors are likely the first-ever form of commerce to develop. It is easy to imagine that even in prehistoric times early humans developed the necessary mechanisms of trading and bartering. The rise of civilization spawned a new era in which specialization in production further refined these systems. Even in today’s internet-centric business environment, it is fascinating to witness individuals leveraging technology to hawk their wares all over the globe.

Industrial Revolution in Free Enterprise

The famously pivotal role of Henry Ford’s early mass production innovations fueled unprecedented growth and the rapid rise of living standards. Taking some of those techniques into the food chain birthed legendary franchise enterprises in fast food commerce. Factories became a huge force in business that has survived and today, and produce a seemingly unending variety of goods.

Modern Times in Free Enterprise

A new synergy entered the scene when the tiny electronic transistor was invented. The age of technology is perhaps the most dramatic example of massive changes in business. Computerized automation joined forces with mass production to launch a new paradigm in commerce. Robotic factories began the trend of reducing human labor inputs to the system. The mixed results of that marriage continue to play out in the marketplace today.

Speculation about the future of free enterprise ranges from dystopian to utopian visions. While some prognosticators forecast massive unemployment and even science fiction fueled machine domination, others see a golden age of unlimited resources and freedoms. Whatever may come to pass the drama of business remains a fascinating story.

Tips and Tricks for Home Based Business

business idea

When people think about business, they automatically assume that a business should be done outside. Some people join bazaars in order to sell or they advertise so that people will avail of their services but if you have a home based business, you can do a lot of things in order to get noticed. Here are just some things that you can do:

  • Advertise through popular social networking sites. There are a lot of sites that are available that will allow you to advertise for free. Be active in posting and you are bound to get noticed.
  • Open topics in forums that will help people recognize your brand name more.
  • Make sure that you have a contact number that will help people reach you when they have inquiries. If you are not available at all times, state the time when you can be reached.
  • Make your own website that will give more details about the items that you are selling.

Aside from the things mentioned above, you may be able to formulate other tips that will help your business become more successful. By persistent studying and searching, you would one day declare, ‘this site had what I was looking for‘.

Image credit: 89studio – FreeDigitalPhotos.net