Being a business owner in 2025 comes with many issues and challenges. Still, technological advancements and decades of experience offer newbies interesting perks and advantages that weren’t available a few years ago. This article aims to help you better analyse growth opportunities in your industry and those available in “adjacent” industries and markets. Are you ready? It’s time to dive into this topic and set you on your way to success.
“Super” Finance App
You need to keep track of many moving parts as a business owner, and it might sometimes feel impossible to have a firm grasp of everything you’re expected to do while running your enterprise as a sole proprietor. You must ensure your business is legally registered and compliant with all regulations and rules. Financial responsibility and sustainability are also essential, as well as creating, marketing, and distributing your products and services. When considering everything you need to work on for your business, choosing products that can cover as many of these needs as possible is best. Some people call them super apps.
TradingView is one of the best and most powerful tools to analyze your industry's health and make decisions based on your business’s long-term financial stability. As a retail trader or trading entrepreneur, this app gives you access to better and more immersive solutions, including comprehensive reviews, competition analysis, industry trends tracking, and real-time access to key financial metrics. It doesn’t matter whether or not your business directly operates in the trading and investment space; you need solutions like this to secure the future of your enterprise.
AI-Powered Analysis
The proliferation of artificial intelligence over the last few years has been a net positive for businesses and entrepreneurs trying to get their enterprises off the ground. AI-powered tools aren’t perfect, but they can help minimize wasted time scouring the internet for leads and tools to analyze your industry. A well-written prompt on your favourite AI chatbot can help you identify the metrics to look out for in your industry, and it can also add links to where you can directly access these metrics from the source. If you need summaries of what you’re seeing, most AI chatbots will also provide this during the summary.
A better way to use this technology when analyzing industries is to go directly to source websites and utilize the AI-powered features they offer. Imagine having to scour through hundreds of thousands of potential manufacturers in China to help you create products. This technology can help summarize and work through the options to highlight the best choices based on preset parameters. Next time you need to analyze your industry, you can do it smarter and faster while preserving the quality of results you can expect.
Trends Analysis
Things move and evolve quickly in today's economy, so businesses must know where to invest their efforts and finances. An opportunity might seem promising, but failure to analyze the trend can result in investing in a concept or trend at the end of its life cycle. Small businesses do not have the luxury of “riding out” massive mistakes or investing in the wrong initiatives; that’s why you must conduct trend analysis before making decisions. Is it the right time to rebrand? Should we jump on the latest TikTok trend? Can we afford to reduce our product sizes or increase prices? These are examples of questions that proper trend analysis can help you answer. Apps like TradingView can help with trend analysis. You can also get data from chambers of commerce and business support organizations.
Quarterly Reports
There’s a reason everyone takes quarterly reports and performance data from governmental and private institutions seriously. A slowing economy can be the first sign of a potential recession or market slowdown. Most industries are heavily impacted by a handful of companies that control a large chunk of the market capitalization. Keep an eye out for performance data from these companies because their reports can inform what happens across the industry.
Few tools are more powerful than the ones shared by private and governmental organizations routinely. Governments share currency, growth, performance, and other relevant data. Publicly traded companies must also share performance data, giving you first-hand information. These data points are only helpful if you know what to do with them; that’s why you need AI-powered tools to help you synthesize the multiple data points relevant to your industry.
Faster and Better
It can be argued that we’re living through the “golden days” of financial and technical analysis. You can access more relevant data points than ever and exciting tools to synthesize and make sense of this information. What will you do with the unfair advantage offered to you as a business proprietor?
