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By Frances McGuckin

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Future trends indicate that baby boomers are opting for service and stress-free shopping, tired of the mega-monsters. Barbara Caplan, a New York–based consumer trends expert, states that “people want to hit the bull’s eye every time they do something or buy something. ” Caplan calls it the “affluent attitude,” and baby boomers, along with teenagers, will drive the future consumer economy. Baby boomers have higher disposable incomes and teenagers demand a lot of that income from their baby-boomer parents.

With the proliferation of home-based Where Do You Start? QUICK Tip Find Your Niche: Identify whether your business is filling both a need and a niche in the marketplace, which you will only discover after thorough market research. Then move on to how you can best fill that niche and attract customers to your business. service businesses, knowing who and where your competition is can be timeconsuming. Your hidden competitors will be the unlicensed ones. Most county offices and your chamber of commerce can give you a list of licensed businesses in your field.

Are lacking? 12. Will I use a business plan and regularly revisit it? The important question to ask yourself is: Am I willing to learn? It’s important to be the very best manager you can be to ensure that your first business will be an exciting and successful venture. Why Do Businesses Fail? No one likes to think of failure, yet business failure statistics are high. If you know why businesses fail, you can avoid making these mistakes. There are seven main reasons why the majority of businesses fail: 19 20 Business for Beginners 1.

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