The business environment today is surrounded by many economic activities that require the need of money transfer both locally and internationally. Currently there are various methods that are used to transfer money both locally and internationally in the United States and other areas within the North American Region. Other than the banks, the internet has been used lately to transfer money within individuals globally. For example some of the most common methods of sending money internationally in the US include the money gram, the western Union and the courier services. There is need to have more ways of transferring money across the border and also within the US.
One of the methods that can be launched for transferring money is the transfer of money through the mobile phones. This can be a technology that can offer very convenient, efficient and fast way of transferring money between individuals. The Upcoming mobile companies could launch this method as the fastest and most convenient way of transferring money. The methods of transfer would only be included as one of the phone features and all one would need is to create an account both internationally and locally to enable one transfer money. This then would mean that individuals would not have to cue in banks or in the few service centers currently offering the other services. Such a business venture would also require the company to open many small centers that can be used to either send money to individuals or with draw money from the mobile phone.
Having the mobile phone as a method of money transfer would also mean that individual can be able to come up with other services such as the mobile bank. This means that the individuals can be able to open accounts with the service provider and deposit small amounts of money in the phone and with draw the money at their convenience since there will be many centers around all the cities to ensure that the service is convenient. The service should be such that individuals can be able to check the amount of balances that remain in the account and also be able to get statement of such account from the company. The mobile service should however not depend on the type of phone but should be based on a certain network.
It is worth noting that such a business should be able to liaise with the central bank since it is the one that has the full mandate of controlling the cash flow within the economy. The money transactions should be made very transparent for every one to understand. Since most people own mobile phone handsets it is very clear that the money transactions using the mobile phones would be very convenient for every one. The service provider should however ensure that the service is equipped with enough security measures that would ensure they do not put individual’s money at risk. It is also important to note that such services should also limit the amount of money being transacted by individuals in a day to ensure that this mode of money transfer ensures easy accounting of the day’s transaction.
Another business opportunity in the North American region can be hair dressing centers for both men and women. Most Women in the North American regions always deal with their natural hair and most of them have nothing really stimulating them to change their style and daily look in terms of hair dressing. The most common method of hair dressing especially when dealing with women, is just hair color, hair cuts and styling of their natural hair. Today the world has really changed and most states within the North America are multicultural such that people have different ways of how they take care of their hair. The different cultures currently living in North America are only restricted to the methods of hair dressing in the local salons in a country like the US.
One thriving business opportunity that can do very well in such a region is opening hair salons that offer distinguished services that are not offered in other hair dressing salons. Before opening such services one will need to engage in extensive research of what many women would like to do to their hair for a change, what they could missing out that is in their culture currently not offered in the US and what they admire in other cultures that is not offered in the US. One of the most needed hairs dressing business in the US economy is the hair braiding either using the natural hair or using the synthetic hair braids. Most women in the United States when they go for vacations in the cultures that provide such services will always come back with new hair styles on their hair. This can be a good business venture though gender based. Women always like trying something new and I strongly believe that any one who trained in such hair braiding would do very well in such a business. Hair braiding will always have different styles of braiding the hair and it would be very convenient for women who are especially working on very busy schedules. This is because one would not have to really worry about combing and styling hair every morning. Instead one can braid different styles may be on weekly or monthly basis and this would give one a new look every time you get a new style.
Such hair dressing services would ensure that every one in the US community have their hair need catered for. This is because many women in the US who come from different cultures always look for their counterparts to do their hair and this may be inconveniencing since such a person may not have time for it. It would therefore be wise for one who can be able to manage such a business to venture in such areas. The opening of braiding salons would also attract other business such as selling the synthetic hair braids normally used in braiding the hair. One can either import the product and sell it to his or her customers or open a partnership where one deals with the braiding and the other deals with the importing of different varieties of hair braids.
Another service in this sector can be the mobile hair dressing where one is providing the services at the customer’s convenience. One can have the hair braiding salons in different cities and for those who would prefer home service they should be able to readily offer the service. Other mobile places should include work places and also the hotels. The service provider will only need to keep good contacts with his or her customers and ensure a good schedule of when each customer needs to have a change of style. This is because hair braids are not long lasting and they need to be re-done within a short time. On the other hand one can ensure good services with a variety of styles and this will attract more new customers besides maintaining the loyalty of the other customers.
The North American population today is comprised of very many different cultures. This has resulted from the re-location of people from different parts of the world to settle within this region. It is interesting to listen to people as they narrate how they are faced with culture shock once they arrive in the new environment. The natives of North America are people who are interested in tourism and they like traveling to other parts of the world for holidays. It is therefore not easy for them to cope with the culture shock when they go for these holidays in other countries. If there was a way that one would be able to bring up centers where people would learn about other people’s cultures it would be a very interesting business.
This type of business should be in the form of a cultural business mall where we have all the different sectors of a certain culture under one roof. For example one can take a whole building and divide it into different sectors where each sector gives a presentation of a different section of a culture. For example taking on the African culture, one can have for example five sectors. The first sector can be hotel that serves only the African dishes. This means that the hotel will concentrate only on the different types of African dishes and distinguish itself from other hotels that serve the native dishes. The second sector can have a presentation of the African dressing. This would mean that one would have to look for all the different and attractive African cultural dressing that would with no doubt attract a lot of customers not only those who come from that culture but also from other cultures.
The third section can be a presentation of the African Entertainment. This could be opened in form of a club that would only play the different music and other entertainment of the African culture. The management could in fact organize week presentation each giving a presentation from a different culture. A fourth section could be a presentation of the African Artifacts. This could be different things such as women and men regalia, jewellerys, decorations among others. Many people would like to try such things on and they would really sell since one would feel you are getting something unique that is not in the market. Another sector could be a teaching sector for persons who are interested in learning about the specific cultures such as the history of such culture, the language, the music, dancing among others.
Such cultural centers would be interesting to visit especially if there is a variety in the market. For example if one would manage to open an African cultural center, an Asian cultural center, a Chinese cultural center among others. Such centers would not only teach other people about other cultures but they would help people to appreciate other cultures. It would also reduce culture shock when one visits the native countries. The management of such cultural malls can also offer other services such as outside catering for people who would like to hold functions with a base of a certain culture. It can also offer services such as cultural entertainment comprising of music and dancing based on a certain culture. This can be in functions such as parties, weddings and other big functions.
In conclusion, the above business ventures would turn out to be very successful in the North American Market if we had investors interested in pursuing such interests. They are very unique and people would be interested in such services. This would also boost the economy since it would open new job opportunities besides creating income for the state.