Pro’s and Con’s of Business Opportunities

The concept of a business opportunity might not be completely understood, simply because it can apply to so many different situations. For the purpose of our discussion here, we will not be talking about franchise opportunities. Otherwise, almost anything goes–from distributorships to vending machine routes, from network marketing to dealerships. Business opportunities can be online or be located in the real world. In general, a business opportunity is the sale or lease of a product, service or equipment that enables you to start a business.

Business opportunities usually involve a product and they may have a location, although the online world is quickly changing that. The assumption with a business opportunity is that there is a market for the product or service and there is the potential for profit. Initial fees for taking advantage of a business opportunity vary and there may be a buy-back or guarantee provision. Business opportunities usually come with some sort of marketing program as well.

A “business opportunity” doesn’t normally refer to the one-off sale of an independent business. Business opportunities normally consist of a system or set of procedures that can be sold to more than one buyer in more than one location. With the sale of an independent business, they are usually no continuing obligations between the seller and the buyer. The buyer can do anything they want with the business they’ve bought, and there’s no requirement for a continuing relationship with the seller.

There are many advantages and benefits connected with business opportunities. They normally have a lower initial fee and lower startup costs than a franchise. Business opportunities are normally based on a proven system or product, so you can profit from the experience of others. There may be a training program connected with the business opportunity and longer-term business counseling may be available as well. You benefit from the buying power of a larger company and you can often take advantage of cooperative promotional activities and advertising.

But the world of business opportunities is not always perfect. The company offering the opportunity may not always have your best interests in mind. There may be a lack of support at some times. Exclusivity clauses (meaning you can sell their product and no others) may hinder your ability to compete in the marketplace. It’s not unheard of for parent companies to go broke or declare bankruptcy. The bottom line? Anytime you consider taking advantage of a new business opportunity, it’s your responsibility (not someone else’s) to diligently evaluate both the company and yourself.

First of all, are you truly ready to take on a business opportunity? In addition to having the financial freedom to take a chance, do you really have the passion and excitement to put into a new business opportunity? And what about time? Do you have enough time freely available to devote to the success of this business opportunity?

Successfully starting up a new business requires complete knowledge of your product or service. If the company is not willing to immediately and cheerfully provide that knowledge, then you should quickly back away from this particular opportunity. Do some market research of your own. Don’t take the company’s word for it that a rabid demand exists for their particular product.

Investigate the company’s record of past success and try to interview someone who’s currently involved with the business opportunity. Has the company lived up to its promises and fulfilled its obligations?

What sort of income claims are connected with this business opportunity? You should look for assurances of reasonable income, but at the same time there should be no limit on future income. Promises of fast and easy riches should be a warning for you to stay away. How many years has the company offering the opportunity been in business? What sort of reputation do they have? Are their ethics and standards compatible with yours?

There’s no shortage of business opportunities available. It’s a fairly simple matter to find something that appeals to your interests and fits within your startup budget. But don’t allow yourself to be rushed into any arrangement. True business opportunities based on proven models will have no trouble waiting for your careful consideration.

Emerging Technology Trends and Business Opportunities for Solution/Service Providers

The business landscape is changing due to rapid technology changes. Innovation, technology and product life cycles are getting shortened; business use cases and application scenarios are changing swiftly due to globalization and technology integration. Organizations need to be flexible to quickly adapt to these emerging trends and be nimble to respond to changing market dynamics.

Emerging technology trends such as Software Defined everything, Object Storage, Flash, Cloud, Converged Infrastructure, Bring Your Own Device (BYOD), Internet of Things, Big Data analytics etc. are becoming more and more relevant with the emergence of multiple data streams. These innovative trends are transformational and are likely to shape the future.

Trends and Opportunities:

1. Software defined everything

Software defined everything will result in true interoperability standards, forcing individual technology suppliers to abandon working in silos with proprietary standards. Service providers can only offer value if they have the capability to offer all the constituents of computing, storage and network.

Some of the opportunities for solution/service providers include:

• Software Defined Storage (SDS)
• Supporting software defined storage applications from leading storage vendors
• Support these SDS products to extend them to other platforms and make them feature rich, enable integration with other ecosystems etc.
• Building test strategy, tools and frameworks and various types of testing opportunities
• Software Defined Networking (SDN)
• Network orchestration and automation, manage and implement SDN in enterprise data center
• Professional services such as Network Function Virtualization (NFV) implementation consulting or SDN and NFV testing for telecom vendors

2. Flash

Flash technology will definitely show an uptick in the 3-5 year horizon. One has to stay invested in terms of money, time. There may not be much of immediate progress in Flash adoption by enterprises due to the prohibitive cost, stable legacy set up, evolving enterprise features. Hence, most enterprises are still in the experimental phase, but there are lots of business opportunities.

The below trends represent some of the opportunities for solution/service providers:

• Most flash players are start-ups and would like to keep core work in-house and outsource peripheral activities
• Immense product engineering opportunities will lie with the big industry players in the form of testing wherein they plan to move products from existing legacy to all flash based platforms
• Flash storage OEMs are consuming PCIe based cards, AHCI and NVMe interface and most of these solutions are targeted towards cloud service providers

3. Object storage

Enterprises are inspired by the Internet companies’ adoption of object storage. Demand for object storage is driven by big data challenges of storing and analyzing a huge amount of data to provide value to the business.

Factors driving growth of object storage

• amassed unstructured data
• ease of accessibility via HTTP and SMTP protocols and REST APIs
• growing trend of organizations building their private or hybrid clouds
• software-defined storage (SDS) approach

Some of the opportunities for solution/service providers include:

• Ongoing integration of newer versions of OpenStack swift with existing storage products
• Mergers and acquisitions happening in the object storage industry, which will result into new product acquisitions by large storage vendors. This opens up product integration opportunities for service providers

4. OpenStack

OpenStack is moving beyond the early adoption as more and more enterprises and service providers are moving towards its adoption. Telecom space will drive growth for OpenStack. Openstack is the main driver for NFV thus helping it to become a reality.

Some opportunities for solution/service providers include:

• Provide storage vendors to enable their storage for OpenStack
• Help enterprises setup their OpenStack cloud, offer professional services
• Large storage vendors are building platforms with OpenStack using proprietary underlying infrastructure. It opens up integration and automation opportunities

5. Server SAN

Server SAN is poised to disrupt traditional storage architectures over the next decade. It involves sharing and distributing storage across multiple nodes. It is an architecture that turns multiple direct-attached storage (DAS) devices into a pool of shared resources via a high-speed interconnection such as InfiniBand or Low-latency Ethernet.

Some of the Server SAN solutions include EMC ScaleIO, VMware’s VSAN, and Quantum StorNext. One needs to follow this trend and see which of the existing solution gains momentum and is likely to emerge as a front runner.

6. BYOD

Businesses are implementing BYOD to save costs on software and hardware or to address the expectations of their mobile workforce. Provisioning of all of these devices is a Herculean task.

Some of the opportunities for solution and service providers include:

• Solution accelerators and automation frameworks in area of desktop virtualization, image management, Content collaboration and Bring Your Own PC solutions
• In mobile cloud era, the user is increasingly beginning to rely on endpoints, devices with very limited processing power, smaller screens, maybe no keyboard which makes manageability an area to explore.

7. Hyper/Converged Infrastructure

Massive improvements in processing power are driving converged infrastructure trend and reason for quicker adoption of it by data centers. All major infrastructure providers are moving towards the converged space. Many industry players are competing for significant market share in converged infrastructure space to uproot legacy installed base or protect own share of the market pie. It includes majors such as HP, EMC, IBM, Cisco, Dell, Microsoft, Intel, VMware, VCE and start-ups like Scale Computing, SimpliVity and Nutanix.

There are two trends emerging:

• Hyper-converged Infrastructure – One vendor builds an entire infrastructure by taking all the various pieces that make up a traditional infrastructure in the market today and put it in a box. It is entirely seamless.

• Converged infrastructure – Vendor takes the fundamental pieces of storage, network, compute and server virtualization, possibly from different companies, perhaps put a management layer on top of it to make the deployment and the management of those pieces easier and make them operate as a whole.

Opportunities for solution/service providers are in the area of consulting, design, implementation, and management services related to private and hybrid cloud deployments.

8. Internet of Things (IoT)

Other related terms for IoT used by industry giants are Industrial Internet by GE, Internet of Everything (IoE) by Cisco, and Smart Planet by IBM.

IoT is being driven by a huge increase in data volumes collected from various types of sensors deployed by business, and business benefits provided by the analysis of sensor data.

9. Big Data Analytics

There will be competition to develop optimized cloud platforms which can leverage real-time data streams and/or massive data as enterprises look for varied data sources as well as applications that help them to get insightful information about the markets, customers, and products.

Opportunity for solution/service providers to offer Big Data implementation and analytics outsourcing services is huge. Some of the opportunities include:

• Professional services related to big data like data migration among platforms, maintenance etc.
• Opportunities such as Big Data technology implementation, including data collection, integration and designing of Big Data architecture etc.
• Log and sensor analytics are also gaining traction as very insightful information can be drawn using them. It opens up opportunity for data science specialists.

10. Cloud Computing

Cloud promises a growth on every front be it IaaS, SaaS, PaaS or customized security.

Businesses are adopting a cloud-based infrastructure due to the upsurge of Hybrid cloud architectures which include an amalgamation of private and public clouds

Platform as a Service (PaaS) solutions allows businesses to lower IT costs. It speeds up application development through more efficient testing and deployment.

Security policies need renewed attention with cloud-based applications are growing and taking over businesses. Hence there is increased demand for security solutions to bring new exemplars of security to the cloud.

Some of the opportunity areas for solution/service providers can be:

• PaaS enablement services, application re-engineering and migration services, assessment, advisory services etc.
• Consulting services requiring strategic direction and guidance in a broad range of areas which will help organizations to migrate critical systems and infrastructure to the cloud

The pace at which technology is driving the change is phenomenal. It is inspiring new business strategies across industries. Organizations are embracing technology to draw meaningful insights from their operations and leveraging it to explore growth and revenue opportunities.

The trend is turning into a demanding environment where companies are seeking more returns from their technology investments. This represents a unique opportunity for solution/service providers wherein they can help companies maximize their return on investment through their offerings.

In summary, solution/service providers must adapt to these emerging technologies and quickly grab immense business opportunities emerging out of it.

MLM Success Secrets – How Good Is MLM As A Work At Home Based Business Opportunity?

Have you been thinking about working from home?

Are you looking for a way to just make some extra money… to help pay bills or buy something that you want?

… or do you want to earn a second income from your own part-time work at home business?

Whatever your reason, congratulations on your decision to take a chance and do something for yourself.

Work At Home Opportunities

Lately, it seems that MLM has become the new buzzword for making money from home.

MLM has been around for quite a while but only recently have people realized its full potential as a work at home business.

The addition of the internet as a marketing tool to many top MLM opportunities has definitely made it much easier to promote the business from home.

You have probably seen a large number of websites promoting MLM opportunities as work-at-home businesses, and may have asked yourself the question…

How Good Is MLM As A Work-At-Home Business Opportunity?

Looking at various websites, blogs, and forums, you will see many work at home companies presenting MLM as a great opportunity that anyone can do from home.

Some even talk about how MLM can help you make a fortune and chuck your regular job.

With all this sales hype, it makes sense that people would have questions about using MLM as a business.

“How good is MLM as a work-at-home business opportunity?

“Is MLM really better than my existing job?”

These are questions that definitely need to be answered.

If you are thinking about using a MLM opportunity to make money at home, the first thing you need to know is whether it will work for you.

For many people, the answer depends on how much time and money they have available for their work at home business.

The biggest draw of many MLM opportunities is how they are promoted as a low-investment or free service.

But, as with any type of business, there are always going to be expenses.

You will have start up costs for your initial registration, welcome kit, product samples, instruction manuals, and other business materials.

There will also be monthly expenses required to promote the MLM opportunity.

If you are serious about making money from home, you need to treat your work at home business as a business.

Work At Home Business Success

Another main factor you need to focus on is the kind of profits that you can earn.

With most MLM opportunities, your income depends on the size of your organization. Obviously, the more people you bring in, the higher your sales and income will be.

The key here is patience.

In the beginning, getting your work at home business up and running is going to seem like an uphill task. You have to “stay with the program” and continue promoting the product and sponsoring new people in to your MLM network.

It’s not possible to tell you what you are going to make. MLM companies are required to have income disclosures reminding you that your income depends on what YOU actually do.

However, do what you are shown to do and there is the possibility that you can join the others who have earned millions of dollars working from home.

Once again, just how lucrative MLM will be as a work-at-home business opportunity boils down to how much effort you are willing to put into it.

Remember that making money from home is not a get-rich-quick scheme.

You have to commit to putting in the time it will take to be successful. If you can’t, then no type of work at home based business opportunity is going to work for you.