Candle factory as a business
Candle making is a surprisingly profitable business. The profitability of such a business is about 250%, and in some cases can reach several thousand percent! The largest part of the…

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Breeding snails as a business
Breeding grape snails at home is a profitable business that few people know about. More precisely, few people come up with exactly this idea when they begin to search for…

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Custom Business Solutions
One of the main goals of big business is to be at least one step ahead of its competitors. This will ensure the emergence of new customers, new sales and…

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price of one lunch

Sanctions Business

Sanctions. Someone sees this phenomenon as extremely negative, but is everything really so bad? Food sanctions, that is, a ban on the import of certain goods from abroad, caused a phenomenon such as import substitution. Products that used to be imported from the West should now be replaced by similar, but domestically produced.

There is often an opinion among economists that import substitution should have been dealt with a couple of decades ago in order to provide the country with goods of its own production and create new jobs that are always lacking. Why we didn’t do this before, we will not argue. Now the question is more relevant: is it possible to build a small business under sanctions? We answer: it is possible! The sanctioned business will rely on the fact that market niches freed from foreign manufacturers need to be filled by someone, and small and medium-sized businesses are ideally suited for this. What should be done to get the most out of sanctions?

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How great brands came about
Speaking now about world-famous companies and brands, it is sometimes difficult to imagine that once their founders were inexperienced start-up entrepreneurs, global retail chains started from one single small store,…

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How does Valve, a game developer, work?
Valve Corporation is a company that has created legendary games such as Half-Life, Counter Strike, Dota 2, Portal and others. The company was created by Gabe Newell, whose biography also…

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Auto repair business plan
Opening a car repair shop is a great business idea for those who care about cars. Having started such a business, you can successfully combine doing what you love and…

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What is crowdsourcing?
Crowdsourcing (Eng. Crowdsourcing, crowd - “crowd” and sourcing - “use of resources”) - attracting a wide range of people to solve various problems of innovative production activities to use their…

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