“Some Assembly Required” Business Model
Our generation is without a doubt, a digital era that moves at a revolutionary pace.
The old economic system is outdated, and too inefficient to keep up with the demand for jobs in our society. This coupled with the rise in “cloud-based services” has given rise to the SARB model that is growing exponentially. I believe that this ability to launch entrepreneurial ventures at low cost, and often times low risk will encourage innovative individuals to pursue their ideas for new services, products and businesses.
This new found freedom of pushing geographic limitations, eliminating lack of hard skills, and the accessibility of online (oftentimes free) resources encourages average individuals with an above average business idea to “give it a go.” Since their initial investment isn’t as substantial, their potential losses concurrently aren’t as substantial, so they’re less likely to dissuade possible entrepreneurs from pursuing their business ventures. I believe this rise in SARB models will lead to a decline in conventional businesses, and a jump in unique start-up businesses. Social media has played an immense role in the proliferation and ability for these businesses to thrive.
This new tech-driven age is sure to produce many intriguing game-changing businesses, and I cant wait to witness what the future holds.