Profitable business field to get into

Discussion in 'Growing and Managing a Business' started by clifborder4fm, Sep 4, 2011.

  1. clifborder4fm

    clifborder4fm
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    So I am moving to Europe in a few weeks to pursue my masters in International Business and Management. I was wondering what field I could get into that would be quite profitable. I love traveling so I would not mind a job at all that would require me to travel often. What do you guys think?
     
  2. daytrader

    daytrader
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    i think Shipping, Freight or Logistics can be more profitable these days as people will rely more on online buying and you could possibly grab the opportunity.
     
  3. searchsouth

    searchsouth
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    Can I ask a question? Do you have any money available to invest in your enterprise?

    The reason that I ask is because there are numerous profitable opportunities around, but many will depend on how much capital you have available at the outset. Some are obviously more competitive than others.
     
  4. Fergal

    Fergal
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    Are you looking for a business to work on part time while you are studying or are you looking for full time business opportunities for when you finish your Masters?
     
  5. Peter Birganza

    Peter Birganza
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    Hi,
    If you have enough resources than why don`t you register your own company and start a consulting firm? It is more profitable for you because you may get the information of other country and provide consultancy services to buyers and sellers specially in wholesale department.
     
  6. clifborder4fm

    clifborder4fm
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    This is all amazing advice!

    ownedbox: that sounds interesting, do you mean just work for large shipping companies like Hyundai or Han Jin and find clients overseas to ship products for?

    searchsouth: I know you have to spend money to make money but I won't have any cash to invest. I will have to work for someone at first probably.

    Fergal: both would actually be nice. It would be interesting to have a project on the side while I am pursuing my masters degree. Possibly start some kind of website to sell products or provide valued information and profit off advertisments?

    Peter: Its funny you mention that because I was just researching the duties of an international business consultant. I noticed that the pay is only around 60,000 US dollars but maybe if I started my own firm it could be greater. I like the idea of forming connections with different companies around the world and keeping up to date on what they are doing.

    Great ideas guys, anyone have any other suggestions?

    I will still have to come up with my Masters thesis which right now I am planning on maybe writing about how management techniques and psychology may vary from country to country amongst different cultures.

    I was also thinking that it would be really usefull for my to learn how to read and interpret international legal trade documents or some other type of international documents that companies wanting to trade internationally would like me to help them out with but I feel like that would cross into the field of international law...

    thanks for the help so far guys!
     
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  7. daytrader

    daytrader
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    i just thought i would be profitable because just the other day i received my package i've bought from ebay. so imagine how much money could UPS get just by delivering items.

    starting shipping business might not be a bad idea to start within just in your region as of the moment. :D
     
  8. James Greg

    James Greg
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    Shipping business is highly profitable but the competition for a new company would be really intense but still I think this is one business that would never die out even in the competition. I think the only challenge is to ensure safety of the product while delivery.
     
  9. patrick0001

    patrick0001
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    The most profitable business is gambling, it give a promise income either you run it legally or illegally.
     
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  10. daytrader

    daytrader
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    :D its easy to make a person believe engaging to poker is the way to get rich quick.
    it may be profitable but too risky. gambling also need skills. Not the way to go.
    there's already a long list of people who now lives miserably because of gambling...
     
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  11. clifborder4fm

    clifborder4fm
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    Here are the courses that I will have the option of taking and specializing in:



    Core Courses


    Macroeconomics and Business Economics

    Advanced Civil Law

    Application of Mathematical Statistics

    Business Ethics and Corporate Social Responsibility

    Major Courses


    Finance & Advance Accounting Methods

    International Business Strategy

    Commercial Law

    Operations Research

    Managerial Psychology

    Logistics

    Entrepreneurship & New Venture Development
    International Marketing

    Strategic Management

    Additional Courses


    Industrial Relations & HR Management

    Management in Context & Contemporary Management Theory

    Marketing

    International Business Environment

    Cross Cultural Management

    Research Methods

    Skills Development Program

    MA Dissertation Seminar




    Elective Courses


    Comparative Law
    Corporate Culture
    Cash Race - manage Working Capital To Boost Profitability
    Understanding Climate Change & Energy Issues
    Social Media Strategy
    Selling Products, Selling Ideas, Selling yourself, Ivan Hernandez
    Polish Heritage
    Blue Ocean Strategy
    Interpersonal Communication
    Business Ethics and The Present Financial Crisis
    Ecological Economics
    International Capital Markets & Investments
    The Global Economy after the Crisis
    Risk Management
    Career Planning
    Building Image
    International Investment Banks
    Nations Banking
    Introduction to HRM
    Public Management
    An Introduction to Industrial Sustainability
    Writing a Business Plan
    Financial mathematics I
    Financial mathematics II
    Leadership
    Consulting Skills
    Leading Organizational Change from a Leadership perspective
    Selling
    Economy Crisis from the Sociology collective behaviour perspective
    Global Financial Crisis: some international trends and Russia
    Russia: a market for goods, services and investments
    Production & Technology Management
    Global Innovation Networks
    Economic Development and Leaving conditions – theory, reality, research
    Understanding Climate Change & Energy Issues





    Specialization Courses


    Human Resource Management


    HR Development
    Diversity in Work and Organizations

    Job Evaluation and Renumeration Management

    Economical Sociology

    Work Economy

    Strategic Management


    Strategic Financial Management

    Strategy Classics

    Consulting Project

    Strategic Negotiations

    Mergers & Acquisitions


    So maybe I can focus on the Consulting project in the specialization courses. Logistics, managment psychology, and entrepreneurship are all part of my major courses so that's good.
     
  12. patrick0001

    patrick0001
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    In my mind I just come across another sure win business "prostitution":D
    Gambling and prostitution industries have a long history, these industry will never die, because the market demand is high. Of course in view of morality, these industries are illegal.

    If I have choose a course, I would choose something more concrete (Commercial Law relate courses). Because those marketing and strategics business are general course, I can pursue self study after graduation.
     
  13. priteshppt

    priteshppt
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    Hello,

    As you are going for masters you have various option to choose. If you like to visit then i would like to suggest you to go for traveling management in which you get the job related to travel. You also have option for real estate management. Even in this field you have to travel to visit various properties and land from one place to other.
     
  14. hrcanada1

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    Human resource management also one of Profitable business field, It is the functions in organizations that focuses on the recruitment of, management and provide guidance for those working in the organization.
     

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