Five new business ideas EJINSIGHT

In the encounter of a sluggish worldwide financial state, Hong Kong also ordeals a slowdown, but this may give a golden prospect to commence a business. The charge of starting a small business has reduced, which collectively with various govt subsidies, and improved public’s use of the world-wide-web have assisted to produce new organization chances. Lately, I arrived across a handful of entrepreneurial tips in CB Insights, a marketplace intelligence firm, I would like to share some with you.

The very first two are similar to young children, and the third 1 targets on enterprises:

1) Just one-prevent kids development system

Young children have resumed in-person courses, at the very same time, a lot of mothers and fathers are scheduling how to make superior use of the summer season family vacation in August, both journey abroad, or remain in Hong Kong relying on the quarantine coverage.

The a person-cease small children growth system, like TripAdviser for children, allows moms and dads to system summer season vacation, it contains parents’ and children’s opinions and analysis of pursuits held by distinct organisations, and enable you filter by:

• Subject/theme — educational, sports, enjoyable, spiritual, and so forth.
• Form — sleepaway vs. working day, digital vs. in-particular person
• Price

In addition to, the system can be extended to include yr round extracurricular activities and tutoring to keep a stable support all over the calendar year. At this time, there are societies in Hong Kong organising kid’s routines, but they rarely take care of their database of mothers and fathers and kids proficiently. They do not plan the activities as a total like a travel agency’s website in dealing with air ticket, lodge, catering and tourist points of interest. In truth, from kindergarten to university, apart from many discovering and progress wants, there are a lot of small business possibilities.

2) AI diapers

The large-performance diapers are super absorbent, they are created to be more snug and less difficult to thoroughly clean up, they can sense when a toddler is about to go, thus helping in potty education. Most importantly, the diapers can acquire the excretions and forecast ailment through AI investigation.

Mom and dad reduce their minds when paying out on their infant, particularly on anything that provides the newborn an edge in the early growth stage. This AI diaper is predicted to be highly-priced, but tremendous moms and dads will surely rush to observe the pattern.

3) Team acquiring market for B2B software

Hong Kong individuals have lengthy appreciated the rewards of decreased value in team order. If a startup also aggregates desire from SMEs searching for software program, these as shopper relationship management (CRM), business enterprise intelligence (BI) for organization assessment, promoting automation (e.g., sending welcome or support reminder e-mails, birthday or anniversary messages, purchaser surveys), and cloud storage, it can then link that demand to the source side (distributors), and negotiates decreased fees and superior phrases on behalf of the prospects in trade for combination desire.

4) Automated meeting notes for interior meetings

Even though there are several startups that now do Zoom connect with transcription, this startup summarises crucial details, to-dos, and unique adhere to-ups in inner meetings, and vehicle-sends the transcripts to members. Most application only targets assembly scheduling and facilitation, this new service guarantees inner discussions are recorded after a meeting.

5) Startup executive search platform

When a startup develops to a particular scale, it will want to recruit supervisors with functioning practical experience. This headhunting platform not only enables look for by sector, but it also lists out the candidates’ earlier functioning expertise (E.g who has taken a corporation to a certain scale, who has been involved in an IPO), particular features at careers (E.g people with merchandise administration or promoting encounter), or spots of operate (E.g. individuals with working experience performing in Shanghai).

It would be even improved if the scope of the research could include much more substantial level candidates for positions as significant as directors.

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Dr. Winnie Tang&#13

Adjunct Professor, Section of Pc Science, College of Engineering Section of Geography, Faculty of Social Sciences and School of Architecture, The University of Hong Kong