2017 Trends for Product-Based Business

Predicting business trends can be difficult, particularly for product-based businesses. Unlike relatively stable fields in which there is always a customer need, like customer service for example, it's sometimes tough to tell what consumers might want in the future.

But trying to foresee future opportunities is a crucial part of making a successful product. No matter how challenging or intimidating the idea might be, it's important for any business planner to look ahead. With the world changing so quickly, it's simply a must.

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When Should You License Your New Product?

Starting a new business can be both exhilarating and scary. There can be a great sense of accomplishment when you're able to create a new company and get it off the ground. But at the same time, there are serious financial risks involved, to you and to any potential investors. It might be tempting in some cases to simply license a product you've created to another company to manufacture it. There's certainly less risk involved overall, but there are also cons to that idea Read More...