2022 Flop business ideas to start, Entrepreneur bad decisions regarding business choice
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In this article, you will get information about business ideas that became failure business in 2022. These business ideas or business strategies might have work to get success for entrepreneur in the past but in this competitive market and in dynamic business environment do work as it used to. https://bizmgnt.blogspot.com/
As time past, new technology, new product and new service have to be created in order to serve and to fulfill the demand of people. Working with traditional technique, using old business ideas and producing product without researching in the change of demand in consumers choice then it is not going to make you a good entrepreneur in 2022.
Business ideas or strategies which will be flopped or does not guarantee you get profit are mentioned below:
1. Torch, radio, compass and calculator manufacturing company; Well many new entrepreneur might have business idea to open a manufacturing company which will manufacture products like torch, radio, compass, calculator and so on. But in reality, this business strategy is not going to make you successful entrepreneur in this current time. It is true that many manufacturing companies had made tremendous amount of profit by selling radio, calculator and torch in the past. And in past, every house used to have radio, compass, calculator and torch. It used to be difficult for people to do their day to day work with out these product. But now the time has changed, the demand and desires of people have changed. With the introduce of one product and that is Smart Mobile Phone, all the demand and desires of these products is nearly zero in this current business environment. Thus, for new entrepreneur, it is not a best business ideas to open these kinds of manufacturing companies in this present time.
2. Candle manufacturing:
In my opinion, if you want to be a best entrepreneur then producing candle is one of the worst business strategies or ideas in current time. Yeah, you can produce candle which provide good smell but it has limited number of customer, there is no huge market for selling candle in current time. You might generate new business plan and strategy but in my opinion there is no any market as it used to be in the past. Few decades ago, most of the countries used to face load shedding problem (for example: Nepal, India) and people used to buy candle in order to provide light at night. But in this present time, there is no load shedding and most of the people have electricity facility even in the rural area and because of this the demand of candle has gone down in every country. Therefore, there is no good market for this business scope.
3. Academic book printing:
Another bad business ideas for this generation is academic book printing business. Its true that there are lots of schools, colleges and universities in the country and lots of people go to these place to get education. And you might think that printing book for student will help you to get high business revenue in the present and coming future. But this is not going to work any more. As you can see due to Covid19 pandemic, most of the institutions are teaching there student through online classes. And teachers are providing educational materials through online platform. Similarly, now a days, student can easily get digital book or online book of any publication from which they can get information. All the writer's book and article can be found in google these days. So, for the entrepreneur. i don't think that there is no any scope to earn huge profit from this business idea.
4.Retail shop:
Entrepreneur does not want to open retail shop which sells grocery items these days. And it because of the high demand of supermarket where you can get all the necessary items under one roof. But in most of the underdeveloped or in developing counties, people might think that running a retail shop in local area will give them high income but it is not true in this present time. It is just like wasting your time. It is far more better if you buy the franchise of certain supermarket and open in good location than running retail shop. Not only this, in developing countries you can see lots of retail shops which offer same product in every 100 meter. So there is no any other way to earn huge amount of money from this kind of business idea. Furthermore, in this present time, every business organization is going digital and they are serving their customer digitally. Thus, it become hard to survive in coming days by running retail shop.
5. Offline business:
Now a days, most of the people own smart phone and use internet. Similarly, most of the people are educated and understand the English language. So, if your are planning to run a business but without going online then it will be your worst business idea. Running business only to serve the people of local area is not a best business strategy for entrepreneur. From this, you can not gain high income. In order to serve people all around the world and to make huge business income, a clever entrepreneur must run his/her business digitally. A good entrepreneur must have a business strategy which helps to use the available resources properly and serve people from different locations. Thus, in my opinion, from 2022, it is worthless to have business skills or ideas which cannot go online.
To sum up, those business ideas which do not give scope to earn high income and cannot serve people of different places are not going to get success in this present and in future. Likewise, entrepreneur who cannot understand the changing demand and desire of people also cannot survive in todays dynamic marketing environment.
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