Prognosticators predicted the future of economy going down into a recession phase, ever since the interest rate adjustment was made by the Federal Reserve. The younger generation has started to pace out various career options, as the economy has shown the trends of economic stagnation have started to appear. The pandemic era had escalated the trend of application process for new business among people. As per the data of the years 2017and 2019, the average new business applications were near about 3.5 million annually, which hiked up to 4.38 million and 5.4 million in the years 2020 and 2021 respectively. Not just that, there have been more searches for “how to start a business” instead of “how to get a job.”
However, getting a business degree is an expensive business, and to start a business is yet another hard nut to track, especially for freshers. To put things in perspective, the views of Daniel Javor, would be a great help. He is the CEO of the digital media holding company, Deep Blue Ventures.
Daniel Javor considers no wrong time to go for a business idea. As per his insights, there is no wrong time for business to get started, the only point he suggests is to have a right idea to be put for the current market situation. Neither, he alarms against the recession, in fact taking the examples of the most successful businesses, he assured of launching a business idea even in the recession and chaos. At present, he runs a “Step-By-Step Business”, an entrepreneurial education platform, through which, entrepreneurs are skilled in starting an LLC, operating, scaling, and running a business.
On being asked about his journey and the how he grew up as a successful entrepreneur, he stated that it was much of hereditary thing as his father was a passionate entrepreneur himself. He was just 13 years old when he started his first hustle. He would resell the trading cards on eBay and throughout his teenage he did dabble in several other ventures and he was just 17 when starts his first retail store in Israel, his actual venture is the Deep Blue Ventures and Step By Step Business.
Where Step By Step is an education platform for training of the entrepreneurs, Deep Blue Ventures works with a portfolio of acquired online publications they scale and operate. He emphasized on the importance of guidance and hence, that he earnestly does through Step By Step.
The website comprehends every single aspect which relates to establishment of an enterprise. Moreover, it covers averaging startup costs to write a business plan and even the industrial trends. The creation of brand name, incorporation of LLC, insurance, bank accounts, and all the services that suffice for the requirement are being taught and instructed through this website. The purpose he wants to serve is that almost anything could be learnt without paying a fee.
He eats a humble pie and accepts his goof-ups with Near-Field Communications (NFC) in 2009. He added that it is always prudent to follow the market’s conditions and timing. Despite putting large number of resources into it, it could not do well, as the market was not ready for it. He further suggested that the business does not works on the whims of the owner; instead, a successful business responds to the market needs. Launching a new car would not work out during recession however, used car dealership would make sense.
Entering into an already booming market would not engrave one’s success in stone, business fundamentals, trends, have to be followed by heart. This can be imparted through educational platform which educates in an unusual manner.
Read entrepreneurship news :- Entrepreneur Ethics
