By | July 13, 2019

Business ConceptsThe Journal of Data Technology and Computer Science (JITeCS) is a peer-reviewed open entry journal revealed by School of Pc Science, Universitas Brawijaya (UB), Indonesia. Winston Churchill said: “We make a living by what we get; we make a life by what we give.” It is likely that everyone will have some problem to solve that is not answerable from a purely financial profit point of view. Solving this kind of problem creates a great deal of pleasure, and “psychic” income helps build communities. Ethical and philanthropic behavior will always end up helping one’s career and business.

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So if you are really serious about moving your business to the next level, I suggest you make time to dig into my Top 10 Insanely Critical Business Concepts. Taken together, they cover a lot of ground. I would not suggest that you try to tackle all 10 concepts at once, or even several at a time. I suggest that you give a lot of thought to just one concept at a time.

Once the initial concept is established, we will undertake preliminary discussions with the experts with a view to evaluating the market potential of the business idea, including a high level assessment of the constraints and limitations of the concept. At the end of the process, we will provide you with a document outlining the overall business concept, potential in the market place, overall expected investment requirements, approximate levels of profitability, as well as an assessment of its constraints and limitations. This will enable you to make the decision of either discarding the concept or moving on to the next phase of the process.

Variable or ‘marginal’ costs (as the name implies) are costs that change with the level of business activity. If you sell more products or deliver more services, this type of cost will increase and vice versa. You can also offer services to businesses that want to outsource their customer service communications. A popular trademark brand, a patented product or ‘mind blowing’ customer service are just a few examples of competitive advantages a business can have.