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The most popular types of entrepreneurship in Colombia
The natural tendency of people to always improve their quality of life has generated creativity and innovation . In addition, it has made possible the great inventions that affect the development of a nation and its economic growth. For this reason, the different types of entrepreneurship are becoming increasingly important in all communities.
Entrepreneurship is an innovative process that involves different activities. Entrepreneurship is generating solutions to the problems of people and communities. Each business must focus on a specific activity to solve a particular need. That is why there are different types of entrepreneurship .
Types of entrepreneurship and their characteristics
In Colombia there are different types of entrepreneurship and their classifications depend on different aspects. Some of them may be: the financing they need, the innovation they provide, the need they fill or the impact they cause. They can range from commercial, industrial, social or technological. The most common types of entrepreneurship are:
1. Small businesses
They are that type of microenterprise or small business created as self-employment. They are also known as necessity enterprises, since they cover the basic needs of a family without great profitability. Of the types of entrepreneurship , these are managed by their owners and have a minimum of employees. Among these are cafeterias, bakeries, small restaurants, china shops, hairdressers and barbershops. Its main features are:
- They only supply the needs of a local market. They usually don’t have anything new.
- The capital to start is not too high and they do not need to resort to loans .
- They take advantage of the opportunity of proximity, knowing how to combine price, product and service.
2. Scalable ventures
They are business models that start small, but with a great projection to grow rapidly. They are generally technology-based businesses that attract venture capital investors willing to invest large capital. An example is Rappa, which receives large capital injections to scale its business in different countries. In fact, it received a $1 billion capital injection from the Japanese financial group SoftBank (El Spectator, 2019). Thus, the main characteristics of this type of enterprise are:
- They are based on innovation.
- They need large levels of capital for their expansion.
- They seek to expand into international markets3. digital ventures
They refer to electronic commerce carried out through social networks, web pages or the marketplace . It is about marketing products or services, through the Internet, with the purpose of covering needs. Currently, they are one of the types of entrepreneurship that have grown the most in Colombia and the world. Its main features are:
- They arise from the opportunity to be able to satisfy a need or a desire.
- When it comes to advisory services, the investment is minimal; but when it comes to product marketing, they require huge capital.
- They can be easily expanded internationally, as they are based on networks.
4. Technological ventures
They are ventures based on science and technology, designed to meet needs and solve everyday problems. They can be based on artificial intelligence and robotics. A clear example is the development of apps . Its main features are:
- They generally arise in higher education institutions, universities and technology parks.
- They require large investments when they are world-wide research.
- They seek to revolutionize the industry with new products.
5. Incubator ventures
They support different ventures or companies already formed. In addition, they study recurring needs in certain market niches. And they require large capital to carry out research and studies that guarantee the success of the business. Rota N is one of the most important incubators in Latin America. Located in Medellin, this hotbed of talent supports the formation of different types of companies . He also seeks and advises venture capital investors to finance various startups . Today it has 20 risk funds with more than $1.2 trillion pesos to invest in projects (Rota N, 2018). Thus, the main characteristics of this type of enterprise are:
- Study needs that are permanent to innovate on them.
- The exhaustive investigation process allows to take advantage of the opportunities and face any type of difficulty.
- The positioning of the products is carried out in national and international markets.
- You need large capital for your studies and research.
6. Productive ventures
There are different types of productive entrepreneurship . The most common in Colombia are public-private partnerships for the economic and social development of various regions. Examples of this are:
- The PDET municipal program at the national level, in regions plagued by the armed conflict.
- Virtual market platforms between municipal administrations and peasants to supply food to the population, such as “Local Purchase” of the Medellín Mayor’s Office. In their first month of activities, the peasants had income of $16 million pesos (Jaramillo, 2020).
Its main features are:
- They are established to help people and communities in situations of vulnerability.
- It is undertaken taking advantage of the needs of the locality or region in order to satisfy them.
- Finally, financing is required from government bodies or international entities.
There are many other types of entrepreneurship : imitative or mirror businesses, social or humanistic, ventures of large companies and public. However, those mentioned above are the most common in Colombia. An innovative entrepreneurship can be classified into different types of entrepreneurship . Colombia is one of the countries that promotes entrepreneurship through special legislation. So take advantage of the opportunity to venture into entrepreneurship, according to your tastes and needs.
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5 Household Items You Didn’t Know You Could Store
In a world where space seems to be at a premium, storing seldom-used household items can free up valuable real estate in your home. Surprisingly, many everyday items have the potential to be stored away, making your living space more organized and clutter-free. Discover how you can optimize your home by utilizing storage units effectively.
1. Seasonal Clothing
Do you find your closet bursting at the seams with winter coats during the sweltering summer months? Seasonal clothing is a prime candidate for storage units. By packing away off-season apparel, you’ll declutter your closet and make room for the clothes you actually wear daily. Not only does this create more space, but it also extends the life of your clothing by protecting it from unnecessary wear and tear.
2. Holiday Decorations
While holiday decorations can bring festive joy, they can also consume significant storage space for the majority of the year when they aren’t in use. By moving these items to a storage unit, you not only free up valuable attic or garage space but also keep them safe and in good condition until needed again. It’s a practical solution that prevents damage from overcrowding or exposure to unsuitable conditions.
3. Old Furniture
Furniture that holds sentimental value or simply doesn’t fit in your current living space can be tough to part with. Instead of selling or discarding these pieces, consider storing them. This allows you the flexibility to rotate furniture in and out of your home as needed or save it for future use when you may have more space. According to the Self-Storage Association, approximately 10% of U.S. households currently rent a storage unit, often using them to safeguard valuable furniture.
4. Important Documents
Financial records, legal documents, and other significant papers may not require daily access but are crucial to keep safe. Instead of cluttering your home office, store these important documents in a secure storage unit. Many facilities offer climate-controlled options to ensure the preservation of sensitive paperwork. This not only protects your documents from damage but also makes it easier to locate them when necessary.
5. Sports Equipment
Sports enthusiasts often accumulate equipment for various activities, from skiing to soccer. Storing off-season or infrequently used gear can open up space in your garage or basement. By keeping your equipment in a storage unit, you maintain its condition and easily access it when needed. A study found that sports equipment is a common item stored by households, highlighting the convenience of accessible storage solutions for active families.
By considering these five categories for storage, you can reclaim space in your home and create a more organized living environment. Explore renting a storage unit today to maximize your home’s potential and maintain peace of mind knowing your items are safely tucked away.
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To Repair or Replace: What to Do With Your Timepiece
In today’s fast-paced world, where technology rapidly evolves, maintaining a timeless accessory like a watch can be both a luxury and a necessity. Whether it’s a family heirloom, a gift from a loved one, or a personal investment, deciding whether to seek repair services or replace your watch can be challenging. This guide will help you weigh your options, providing practical advice and insights into making the best decision for your prized timepiece.
Consider the Sentimental Value
First things first—reflect on the sentimental value of your watch. For many, a watch is more than just a tool for telling time. It’s a keepsake filled with memories and emotions. If the timepiece holds significant sentimental value, consider repairing it, regardless of the cost. Bringing a cherished watch back to life can be incredibly rewarding, allowing you to preserve those memories for future generations.
Evaluate the Cost of Repair vs. Replacement
One of the most critical factors in your decision-making process should be the cost of repair compared to replacement. In some cases, repairing a watch can be more economical than buying a new one, especially if it requires only minor adjustments, like replacing a battery or a strap. However, if the repairs are extensive and the costs approach or exceed the price of a new timepiece, investing in a replacement might be more sensible.
Assess the Watch’s Current Market Value
Understanding the current market value of your watch can provide clarity. Research similar models online or consult with a professional appraiser to determine what your timepiece is worth in today’s market. If your watch is a high-value item, repairing it can maintain or even enhance its worth. On the flip side, if the market value is low, replacing it might prove to be more cost-effective.
Examine the Availability of Parts
For some watches, their age or brand may make finding replacement parts difficult or expensive. If your watch requires specific components that are rare or no longer manufactured, repair may not be a viable option. In contrast, watches from well-known brands often have better availability of parts, making repairs easier and sometimes more affordable.
Consider Technological Advancements
In an era where technology advances rapidly, newer watches often come equipped with features that older models lack, such as smart connectivity, solar power, or improved water resistance. If these modern enhancements are important to you, it may be worth considering a replacement. However, if you prefer the classic functionality and appearance of your current timepiece, repairing it may be the way to go.
Evaluate the Environmental Impact
Repairing extends the life of your watch and reduces waste, which is beneficial for the environment. With growing awareness about sustainability, opting for repair when possible contributes to a greener planet. If a watch can be saved with reasonable repairs, this eco-friendly choice can be both a responsible and satisfying decision.
Seek Professional Advice
Before making a final decision, consult with a watchmaker or professional jeweler. Their expertise can provide you with a detailed diagnosis of your watch’s condition and offer you an estimated cost for repairs. This informed perspective can be invaluable when deciding whether to repair or replace.
Ultimately, the choice between repairing or replacing your watch hinges on several personal and practical factors. By considering sentimental value, costs, market value, parts availability, technological needs, environmental impact, and expert advice, you can make a decision that aligns with your values and lifestyle. Whichever path you choose, ensure it reflects your appreciation for your timepiece and its place in your life. Explore your options today and make the best choice for your treasured accessory.
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How Zero Trust Protects Remote Workforces
In today’s digital landscape, remote work has become the norm, bringing with it new challenges and vulnerabilities. Ensuring robust security for remote teams is critical, and that’s where the Zero Trust model comes into play. This guide explores how Zero Trust can safeguard your remote workforce, providing actionable insights and strategies for implementation.
Understand the Zero Trust Model
The Zero Trust security model operates on the principle of “never trust, always verify.” Unlike traditional network security, which trusts users once they are inside the network, Zero Trust assumes threats could be anywhere and verifies every access request as though it originates from an open network. Adopting this model means every user and device must be authenticated and authorized before accessing resources. This can significantly reduce the risk of breaches, particularly in remote work environments where traditional perimeters don’t exist.
Enhance Endpoint Security
Remote work hinges on endpoint devices such as laptops, tablets, and smartphones, which are often the first targets for cyber attacks. Zero Trust mandates strict controls over endpoints, ensuring that each device accessing the network meets security standards. Implementing measures such as encryption, anti-virus software, and regular updates can protect these devices. According to a 2021 report by IBM, organizations using endpoint detection and response (EDR) technologies saw a 35% reduction in the cost of a data breach.
Implement Multi-factor Authentication (MFA)
Multi-factor authentication (MFA) is a core aspect of Zero Trust security. By requiring two or more verification methods from independent categories of credentials, MFA adds an extra layer of security. Even if passwords are compromised, unauthorized access is unlikely without the secondary authentication factor. Statistics show that MFA can block over 99.9% of account compromise attacks, making it an essential tool for securing remote workforces.
Secure Access with Identity and Access Management (IAM)
Identity and Access Management (IAM) plays a vital role in Zero Trust by ensuring the right individuals gain access to the right resources at the right times for the right reasons. By employing IAM solutions, organizations can manage identities and control access in a granular way. This is crucial for remote teams, where access needs can vary widely across different roles. Research indicates that companies using IAM systems can reduce compliance-related costs by 20%.
Monitor and Analyze Network Traffic
Continuous monitoring and analysis of network traffic are essential components of the Zero Trust model. By inspecting and logging all traffic, organizations can detect and respond to threats before they escalate. Tools like Security Information and Event Management (SIEM) systems can provide insights into potential security incidents. A study by Ponemon Institute reveals that companies employing SIEM saw a 14% decrease in the time to identify and contain data breaches.
Educate Your Workforce
The human element is often the weakest link in cybersecurity. Educating your workforce about Zero Trust principles and cyber hygiene practices is crucial. Regular training sessions should cover topics such as recognizing phishing attempts, using secure connections, and understanding the importance of data protection. According to KnowBe4, businesses that conduct regular security awareness training reduce their phishing susceptibility by up to 87%.
Zero Trust is not just a buzzword; it’s a comprehensive security strategy that can transform the way businesses protect their digital assets. By implementing Zero Trust principles, you can build a strong defense that secures your remote workforce. Start your Zero Trust journey today and safeguard your organization’s future.
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