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Envion Software. Saint Petersburg
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Zen Software Programming.
Zen Software Programming.

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Start Your Own Business from Scratch VS Acquire a Franchise

People who want to do business may enter the fray with two main options: acquire a franchise or start up a company of their own. Either of the approaches mentioned has its advantages as well as downsides, being purely a mixture of personal preferences and emotional qualities of a person who organises a company.

In case it doesn't much matter for a future businessman what company to run, a franchise could be a success leverage; however, a start-up is the only choice for a person who follows her heart in entering an entrepreneurship...

Franchise or not, - each business is a risk. A risk factor in business could be interpreted as hard long hours of work leading to both ups and downs, testing the nerve and separating the wheat from the chaff. The stress in business is real and not so many can stand it. It takes a particular kind of stamina and a life outlook that makes an entrepreneur. What makes a real trade-off between a franchise and a start-up is the level of risk, otherwise all are in the same boat.

Nothing is known and nothing is established for a start-upper. What is more, the Statistics says 99% of all the startups fail in the first 3 years. To jump into it takes will-manage-opening-a-parachute-just-in-time-on-my-possible way-down mindset. What else is highly required when starting a company is personal charisma, which is a special mental ability to overcome stressful situations being a leader people want to follow and partner up with.

Therefore, our "family" recipe for baking a successful start-up company is...Get the answer https://envionsoftware.com/start-your-own-business-from-scratch-vs-acquire-a-franchise/
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Big Data Analytics & Data Science Use Cases


Or How Businesses Outperform Industries Using Big Data In Practice

Big Data, Data Analytics, Data Science - all these terms make a noise in the world! Here are a few examples to clarify the difference and avoid messing them up:

Google has a number of successful products, Data Science Algorithms embedded within. For instance, all the digital marketing tools, like AdWords, AdSense, DoubleClick and Google Analytics, - use data science algorithms analyzing Internet searches to assist its users with their advertising activities, SEO strategies, analytical researches and understanding their visitors behavior patterns.

LinkedIn is the professional network injecting Big Data Analytics into various features to deliver their users really smooth experience. For example, such features as 'People You May Know', 'Skills Endorsement' and 'Jobs You May Be Interested In' are based on analyzing a huge amount of initial user data both structured and unstructured: skills, previous jobs, In-Mails, groups etc.

And about Big Data itself: literally this buzzword means huge volumes of information (structured and unstructured) demanding cost-effective and innovative processing in order to drive insights and improve decisions making.
Guess what, Big Data, it's Analytics and Data Science have made their way into our daily activities some time ago and here's how…

Big Data Analytics for Healthcare:
Watson for Genomics: using big data to personalize the treatment options.
IBM Watson for Drug Discovery: enabling big data to help life sciences researchers.
Big Data Analytics fights Ebola

Big Data & Analytics for Financial sector:
Commonwealth Bank of Australia Big Data & Analytics: identifying business growth opportunities considering customer loyalty and footprint, spending frequency and socio-economic data, along with competitors and industry benchmark results.

Big Data Analytics for Security:
Predicting future crime locations.

Learn more cases at: https://envionsoftware.com/big-data-analytics-data-science-use-cases/

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Seeking for perfect start-up idea?

Then you are in the right place at the right time! We have brainstormed a bunch of start-up ideas for varied sectors including Natural Language Processing and Data Science:
✔ Natural Language based search engines
✔ Artificial Intelligence based customer support
✔ User generated feedback or sentiment analysis
✔ Voice activated apps
✔ Digital assistants
✔ Data driven decision management in e-commerce

Get the best one 🔹envionsoftware.com/idea
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