4 New Business Opportunities

Technology has grown in leaps and bounds in the last decade, and it has opened up some surprising business opportunities that were not available ten years ago. Here are just a few that young entrepreneurs should consider.

Virtual Reality

The concept of virtual reality has been around for decades, but it only recently became more than just a pipe dream. Virtual reality is changing the way we play video games and experience other kinds of interactive technology, and it will only become bigger over the next few years. Now that we know this technology is here to stay, now is the perfect time to get in on this new business opportunity.

Mobile App Development

The mobile app marketplace as we know it may only date back to 2008, but since then people have practically started to live and die by their smartphones. There are apps for everything now, and they are changing the face of interactive technology even faster than virtual reality. Since mobile apps are relatively easy to develop and implement, savvy entrepreneurs and developers are finding that they can become very profitable very quickly.

Mobile Marketing

Since smartphones and mobile apps have exploded in popularity, so to has mobile marketing. Mobile marketing is really the evolution of online marketing, with the big difference being that people don’t have to be at their computers to take advantage of online advertisements and promotions. Mobile marketing campaigns can target smartphone users from all walks of life, which in turn opens up countless business opportunities for entrepreneurs and marketers alike.

Cannabis

Whether or not this is a viable business opportunity will depend on where your business is located, but cannabis dispensaries are doing big business in states where marijuana is legal. Attitudes towards recreational marijuana use have relaxed greatly over the last several years, and more people are finding that it has legitimate medical uses. Although we still have a long way to go – marijuana is still illegal in the majority of the country – selling cannabis will become a hugely profitable business opportunity as it becomes more acceptable in mainstream society.
For more information about how you can finance your own business opportunities and get them off the ground, contact us as Davis Commercial Finance today.

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