Entrepreneurship in 2024 is increasing as the community becomes diversified, and there are means to increase supply and demand. I would like to identify five successful methods to increase stability and income in 2024. With use of technology, businesses continue to thrive in more ways than many. Technology is a platform for increasing marketing, providing creative means of products and services, and identifying innovative solutions. Technology in entrepreneurship aims to decrease costs, while providing consumers new goods and services to meet their needs. It is also a means to create new employment opportunities, growth, and decrease costs. Secondly, entrepreneurship provides increased income by offering modernistic ways to create new partnerships, increase online presence, and educate consumers about products and services to best suit their needs. Entrepreneurship creates a means to provide awareness to environmental and social issues that are pressing in today’s society. Entrepreneurs seek to collaborate with outside entities that will provide additional opportunities for business advancement, while creating new and improved products that consumers are seeking. Economic advancement has increased in Asia, Africa, and Latin America as a result of increased population, and individuals striving for fresh and new businesses within the market share (Houston as cited in Forbes, 2024). Lastly, entrepreneurship is about being financially smart. This allows businesses to have a greater return on investment versus, reduce cost of service, create greater investors, provide quality customer care, and create successful businesses.
Reference
Houston, M. (2024). 5 ways successful entrepreneurs are making more money in 2024. Retrieved on August 24, 2024 from https://www.forbes.com/sites/m...uccessful-entrepreneurs-are-making-more-money-in-2024/
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