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In 2023, digitalization has caused major changes in the way businesses and society operate. Digitalization means using technology, like computers and the internet, to change the way businesses and society work. This has caused big changes in how we think about jobs, companies and making money. It has transformed the understanding of work, organizations and how we create value. A significant result of digitalization is the emergence of new environments or systems along with a new kind of groups of people, entrepreneurs and businesses that take advantage of digital opportunities.
The “GameOn: Overcome youth uNemployment through digital entrepreneurship” project is a European initiative supported by the European Union. Its goal is to combat youth unemployment by equipping young individuals with the essential skills and knowledge needed to become successful digital entrepreneurs.
In this article, we will explore the motivations behind becoming a digital entrepreneur and uncover innovative ideas for starting your own business.
To become a digital entrepreneur, all you need is just a computer and internet access – no prior knowledge required. You can launch your digital business while studying or parallel your current profession. Moreover, digital products are popular and you don’t need a physical store as people like digital stuff and buying online. Today’s people easily welcome digital items and buying things online. They’re used to digital styles and even like them more than the traditional methods. Take the example of book lovers who enjoy physical books but also choose e-books because they’re easy to read on different devices.
A great thing about digital entrepreneurship is that you don’t need a big setup or money in advance. You’re free to work from anywhere in the world, from any location you choose without the pressure of needing extensive physical resources. Lastly, as you get into selling products, creating useful content and helping people find solutions, you’ll learn a lot about the market and become an expert in the field.
This path not only makes you a strong entrepreneur but also establishes you as a skilled person with entrepreneurial knowledge in your chosen area and builds your authority on the subject.
While entrepreneurship means beginning your own business, innovation involves creating something entirely new or unique with special features. For people who want to start something in the digital world, being innovative is super important. Because the internet lets entrepreneurs make things that matter more and they can also use automation to make their work easier.
Explore the following innovative ideas for launching your own business including both uniqueness and smart strategies.
Start a beauty business
If you’re a maker– whether you’re making soaps, candles, pottery, personal care items like sanitizer or offering spa experiences such as face masks, as well as innovative beauty tech such as massage guns, smart mirrors and makeup refrigerators – you’re in an excellent position to discover a small business idea. For your success, businesses that adopt online selling and provide diverse delivery options will maintain in the competitive landscape.
Start a pet business
In the present day, an increasing number of individuals are proud pet owners so pet ownership is on the rise. Legal regulations safeguard animals with severe consequences for those who harm them. This increased awareness has created a steady need for a range of services and products related to pets.
Here are some creative ideas for initiating your own business:
– selling pet accessories, food or toys
– providing grooming services
-offering expert training or walking sessions
– exploring the idea of becoming a pet photographer
Launch your own book
A wide variety of books, including cookbooks, picture books, comics, poetry collections, photo albums, coffee table editions, novels and inspiring life stories, can be created to fulfill different needs. If you have ideas or knowledge, you can produce different types of books that people might enjoy. Whether you’re skilled or creative, the possibilities are limitless. You can even write your own story or biography to motivate others. You have the option to self-publish these books which means you control their appearance and quality. It’s an excellent way to launch a small business.
References
Felicetti, A.M., Corvello, V. & Ammirato, S.(2023) Digital innovation in entrepreneurial firms: a systematic literature review. Rev Manag Sci. Retrieved from https://doi.org/10.1007/s11846-023-00638-9
Justin Paul, Ibrahim Alhassan, Nasser Binsaif, Prakash Singh, (2023) Digital entrepreneurship research: A systematic review, Journal of Business Research, Volume 156,113507, ISSN 0148-2963, Retrieved from https://doi.org/10.1016/j.jbusres.2022.113507
Morabito, V. (2022). Digital Entrepreneurship and Digital Business. In Digital Entrepreneurship: Management, Systems and Practice (pp. 5-27). Cambridge: Cambridge University Press. doi:10.1017/9781108979917.002 & doi:10.1017/9781108979917.001
Satalkina, L., & Steiner, G. (2020). Digital Entrepreneurship and its Role in Innovation Systems: A Systematic Literature Review as a Basis for Future Research Avenues for Sustainable Transitions. Sustainability, 12(7), 2764. MDPI AG. Retrieved from http://dx.doi.org/10.3390/su12072764
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