An idea by
Nandini Subramanian posted in
Business & Management
on 30 Sep, 2023
According to the Bureau of Labor Statistics, only about 27% of new businesses last over 15 years. There are a number of reasons for these failures. The most common being financial failure. What if there was a way for businesses like this to get a detailed review of their business model from experienced business analysts? They would access this app or website, pay a fee, and they would be reviewed by a real analyst. There could even be a graphical representation of where they stand as a business. They would be given advice, and could subscribe to a repetitive review process where they get a regular check-up. There may be a way to automate this process, creating algorithms which can do the analysis automatically. Finally, these businesses could be linked to a sister program where consumers find small businesses in their area, rather than just the big ones. (Small business finder)