Monday, January 11, 2016

My Three Business Ideas

My Three Business Ideas.

1. Start a software solutions company
Using the knowledge learned in school, this idea involves creating ready-to-go software and selling it to potential users. For example, a Human Resource software, Hospital Management software or Inventory management software. These software are sold to companies that could make use of them. To generate more revenue, it would make sense that the business model is Software as a service. This means that the users pay for the software as a subscription based service.

2. IT consulting Company
I just started working at the IT department in the library and i have access to the back end networks. I realize that it takes a some work to build and maintain the network. A small company that doesn't need a complicated network might still have to pay a lot to keep the IT staff also a large non tech company that doesn't want to spend a lot on a IT staff would be better off with a consultant company that builds and maintains the network but isn't on the payroll. The consultant company could get called in to build the network or fix issues that may arise periodically and the company only pays when the job is done.

3. Real Estate Company
This is not a tech related venture but in my country, real estate is currently booming. My dad is a real estate developer and in him i already have a mentor. I could start out by buying and renting out property and with time, this grows into a business.

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