A well-thought-out business plan is an essential part of running any successful venture, whether you are looking to attract potential investors or not. A business plan allows you to understand the objectives of your business, set achievable goals, and keep all professional efforts on the right track.
Industry 4.0 and IoT or Internet of Things are both terms used to describe a growing network of connected devices. Connected devices range from home thermostats to tablets and cell phones to fitness trackers to pacemakers and are used in all sectors and industries. According to Gartner, there will be 25 billion connected things by 2020.
Stories have formed our heritage. If it were not for stories handed down through generations, we would have lost much of our cultural histories. Stories were also a favorite during our growing years – we all had our favorites books. And we loved the stories that our parents told of their childhoods, of our own infant and toddler years before we could remember.
Business success strategies must ensure that the products and services you intend to develop are unique with clear differentiation. It is also important to carefully examine the opportunities in the future and how they may evolve over a period of time.