THE ART BUSINESS IN AMERICA
December 28th at 8:30pm
Art and business have long been intertwined. But now that technology has put so many tools into the hands of would-be entrepreneurs and the internet has opened up giant markets to artists who would before have struggled to find exposure, that relationship is more dynamic than ever. Sketch artists or painters find new ways to apply her skills to the business world, and fashion designers reach out to networks of customers through social media, opportunities abound. In today’s world, we know that art can be a major economic force, yet we continue to question the worth of it. It has historically…
LOOKING TO START A BUSINESS IN 2020?
December 27th at 8:08pm
The one thing that stays the same in business is…nothing stays the same. New hardware, software, services and other technologies are coming at a breakneck pace and all of these changes will have a significant impact on commerce, the global economy and individual businesses within the next few years. The most significant trends and technologies that will be impacting businesses over the next few years, including: Internet of ThingsSecurity and privacyDrones and autonomous vehiclesArtificial Intelligence and software botsSelf service automationMobile apps for communications, collaboration and reportingRobotics in manufacturing and service For the most part Hitech is leading the pack when it comes…
THE PET INDUSTRY IN AMERICA
December 7th at 4:08pm
The U.S. pet industry continues along a healthy growth trajectory, with overall sales of pet products and services rising almost 5% last year. The pet food and pet supply retail channels are experiencing much of their growth outside of the core mass-market and pet specialty channels, namely online, where annual percentage sales gains have been in the mid double digits. Both channels are feeling the e-commerce heat, with big-box pet specialty especially hard hit even as mass appears poised to gain from the transfer of the premiumization trend, driven in large part by Blue Buffalo’s cross-over and acquisition by General…
THE FITNESS BUSINESS HITS $30 BILLION
November 24th at 2:19am
The fitness industry is booming and shows no signs of slowing down. An average of 20% of Americans have gym memberships, and the demand for health foods is increasing by 10% each year. Here are key elements that every investor and entrepreneur should consider before investing in this industry. 1. Health insurance costs The rising cost of health insurance has propelled corporations to subsidize and promote healthier habits. Corporations are allocating a larger budget towards health benefits including gym facilities and healthier food options for their employees. 2. The new demand for healthy foods. Healthy products have increased in demand…
THE FUTURE OF THE FILM INDUSTRY
November 20th at 9:37pm
The film business has been a glamorized dream for many and a booming industry for others. Movie studios had for many years a business model that was set on a series of protocols and rules that was tightly controlled by their executives. However, in the last 5 years, digital streaming has changed those rules and the industry is changing rapidly. Whether you are an actor, director, producer, or any participant on the financial business of this entertainment industry, you must be aware of some predictions from top experts, as a new normal is taking shape: The film industry will become leaner…
FOOD DELIVERY BUSINESS
April 20th at 10:47pm
Food-delivery businesses are a popular and fast-growing field. These businesses typically thrive in college towns, large cities, or other areas where large populations of adults are willing to pay to have food from restaurants delivered to them. The basic business model for this type of business is to approach local restaurants and ask to deliver their food, then charge a small commission for your company’s profit. Build a small fleet of delivery drivers, and set up a website or app that your clients can use to order. Start a restaurant delivery service by following these 9 steps: STEP 1: Plan…
FINANCING FOR THE FARMING BUSINESS
January 16th at 11:12pm
Today, there are about 2 million farms in operation in the US, a steep decline from 1935, when the number of farms peaked at nearly 7 million. Yet is a vital sector of our economy. How much does it cost to start a small farm? Starting cost of a small farm are between 600-10000$ and more. The cost greatly depends on your expectations, equipment, how much manual labor and time you want to put into it, and if you already own a property or just want to rent one. In addition farmers need financing for their daily operations. Agricultural finance is the provision of multiple types of services dedicated to supporting both on-…
THE SOLAR ENERGY INDUSTRY IS BOOMING
May 6th at 8:53pm
The U.S. solar industry generated US$154 billion in economic activity in 2016, including direct sales, wages, salaries, benefits, taxes and fees. Its revenues have grown from $42 million in 2007 to $210 million in 2018. Solar is projected to continue to grow for the foreseeable future. However, recent events such as the solar trade tariff and tax code changes could dampen that trend. According to one estimate, the tariff alone will reduce solar installations by 11 percent from 2019 through 2022. About 80 percent of solar panels installed in the United States last year were built overseas. While the industry was invented here, China has poured up…