Top 4 Business Ideas in 2024 - Best Business Ideas

Ashutosh Pratihast
16 Dec 202211:00

Summary

TLDRThe video highlights the challenges and realities of entrepreneurship, noting that 90% of new businesses fail. It emphasizes the wealth divide, with the richest relying on business ventures rather than jobs. The speaker presents lucrative sectors for investment, including e-commerce, education, health, and food, supported by examples of successful companies. The importance of gaining skills and knowledge before starting a business is underscored, promoting programs like IDigitalPreneur that teach essential business fundamentals. Ultimately, the video encourages viewers to embrace the entrepreneurial spirit and explore opportunities in these evergreen industries.

Takeaways

  • 😀 A job can meet basic needs but won't fulfill dreams; entrepreneurship is often the path to wealth.
  • 💸 Wealth is concentrated, with 10% of people holding 90% of money, typically through business ownership.
  • 📉 The high failure rate of startups is alarming, with 90% of new businesses facing significant challenges.
  • 🚀 Successful companies like Amazon and Swiggy have thrived by creating platforms that connect sellers and buyers efficiently.
  • 🍽️ The food delivery sector is booming, with numerous opportunities for innovation and entrepreneurship.
  • 📚 The education sector remains a lucrative field, with the potential for various business models, from tutoring to online courses.
  • 🔑 Skill acquisition is crucial; aspiring entrepreneurs should learn foundational skills before launching businesses.
  • 💡 Investing in evergreen sectors like health, food, and education can lead to sustained success.
  • 🤝 Building a community around sharing business ideas can foster collaboration and innovation among entrepreneurs.
  • 📢 Engaging with the audience encourages interaction, making them a part of the entrepreneurial journey.

Q & A

  • What is the primary distinction made between jobs and business in the script?

    -The script emphasizes that jobs fulfill needs but rarely fulfill dreams, while businesses can lead to greater wealth and personal fulfillment.

  • What statistic is provided regarding wealth distribution?

    -The script states that 90% of the world's money is held by 10% of the population, and those individuals typically do not hold traditional jobs.

  • What is the failure rate of new startups according to the transcript?

    -Approximately 90% of new startups fail, creating significant apprehension among potential entrepreneurs about investing in new businesses.

  • Can you name some successful companies mentioned in the script?

    -Yes, successful companies mentioned include Amazon, Flipkart, Swiggy, and several others that leverage delivery and e-commerce.

  • What sectors are highlighted as having strong growth potential?

    -The script highlights the e-commerce and delivery sector, the education sector, and the health sector as areas with promising growth potential.

  • What advice is given to aspiring entrepreneurs about starting a business?

    -Aspiring entrepreneurs are advised to acquire necessary skills and knowledge before investing significantly, and to learn from successful entrepreneurs.

  • How has the education sector changed according to the script?

    -The education sector has seen a rise in online learning platforms, with companies like Udemy and Byju's becoming highly valued due to increasing demand for diverse educational resources.

  • What does the script suggest is a key reason for business failures?

    -A key reason for business failures is that many individuals start businesses without the necessary skills and experience, likened to jumping into the sea without knowing how to swim.

  • What opportunity does the script provide for learning about business?

    -The script promotes the learning of unique business skills through IDigitalPreneur, where individuals can learn from successful entrepreneurs without significant financial investment.

  • What is the call to action at the end of the script?

    -The call to action encourages viewers to like the video, subscribe for more content, and consider exploring the provided business learning opportunities.

Outlines

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Transcripts

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