Elevator pitch and technologies Essay Example | Topics and Well Written Essays - 500 words

Elevator pitch and technologies - Essay Example There are no businesses without competitors. Every businessman aims at making profits and expanding his or her business. A lucrative business that attracts or maximizes its profits will attract a lot of competitors (Estill and Long 143). However, not every person will invest in a similar business like his or her competitor. One of the major reasons is that some competitors do not have the required capital to invest in the business. Some competitors are not ready to risk in the business like their competitors. It is not wrong to have an idea that there are no competitors. Developing an idea depends on an individual. Having and implementing an idea are two distinct factors. A unique idea depends on an individual and one is most highly going to lack competitors. However, it is a red flag in venturing into a business that you think has no competitors (Estill and Long 131). Venturing into such business has advantages and disadvantages. The advantage is that a successful monopoly dictates the prices in the market. No business lack competitors and when you venture into the market with a notion that there are no competitions you risk going at a loss because the prices of commodities will vary and you may enjoy the way you expected. The knowledge revolution is more inclined towards communication. The technology that we currently use would not be inexistence without the 18th century revolution. The 18th century revolution provided the foundation of the current revolution. The production of mobile phones and computers demands a lot of technological knowledge, and it has transformed from unskilled labour to skilled-based labour today. The industrial revolution has led to the birth of the current knowledge revolution because the transformation has been systematic over the years. Altering most software programs is one of the key areas software companies us to attract women to the