The prevailing difficult economic times has dictated to a large degree how consumers behave thus businesses took the cue and behaved accordingly. Businesses that flourished for the year consisted mostly of tried and tested business enterprises with some exceptions that managed to spot a unique market niche for an innovative product or service. Some of the businesses that did well were repair businesses, fast food franchises, medical supplies, and collection agencies. The year also saw a surge in demand for motivational speakers, again obviously in response to the hard times experienced by many.
Repair businesses do well because people think twice before replacing their things. They tend to maximize their use and not simply jump on the latest fashion craze of the season. Fast food establishments cater to a basic requirement of modern people which is convenience. We have to remember that it likewise answers to one basic need of people which is food. Convenient food is not about to disappear for some time unless a better option is discovered. Medical supplies form one of the basic needs of an aging population. Baby-boomers are now on their way to this life stage so this type of business has a stable forecast. Businesses that thrive on the difficulties of others such as the collection agencies enjoy brisk business as well.
Any business that seeks to offer solutions will always have its following as people generally want to make good in life. Most companies have realized the importance of motivating their employees and individuals who have this gift to motivate can expect many clients.
Similar Posts:
- Personal Collection supports Filipino women’s dreams through direct selling
- Laudicos share their recipe for success in their food business
- Kipling’s celebrated it’s 25th year at SM MOA
- Globe Business mounts Innovation Summit: a virtual conference on digital transformation to propel MSMEs toward boundless success
- Don’t be afraid of the credit card collection agencies!
Leave a Reply