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How decision making lead to progress for Nick Mocuta, a self-made millionaire

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Nicusor Rafael Mocuta popularly known as Nick Mocuta was born in Romania in 1984. Currently having a double citizenship, Romanian and American. Nick Mocuta is a self-made millionaire who has been an inspiration for thousands of people. His work ethics and decision-making ability has served him great success. Currently, he is working as a Business owner and has been selling on amazon for the past 7 years and manages several Amazon and Walmart stores for people that wish to sell on these platforms. He has been able to help more than 200 people to start selling on Amazon and now on the Walmart marketplace as well.

Nick completed his graduation at the age of 21 and decided to move to the United States of America with big dreams in his eyes, but only having 500 Dollars in his pocket. He lost one-fifth of it to his first cab ride in the city of Los Angeles. His initial days were very struggling he has to spent every penny very carefully and was not even able to find himself a shelter and therefore have to sleep on benches in public parks.

After able to save a few dollars by doing small wage jobs, he was able to move into an apartment on rent. Further, he was attracted by the Real Estate market, So he started learning and digging more about it, Mocuta decided to get his Real Estate Broker License. After working in this industry for some time until he realizes the booming of the E-Commerce market when he changed his path and decided to try his luck in Amazon selling.

It wasn’t that easy to get into a completely different market, it came as a challenge to him which he gladly accepted. He began sailing on Amazon and keep improving his techniques and skills until he becomes the master of online selling. Selling on Amazon is a skill that most people look forward to acquiring but only some of them are successful. In a few years, his hard work and dedication started paying off and he rose to accumulate massive success. It requires intellect, wise decision-making skills, and a lot of patience. Fortunately for Nick, he honed all of these skills and now provides online consultations to those who seek help. Through his program, he provides several services where every need of their client is taken care of. From hunting profitable items to listing them down, Nick makes sure his client does not face any difficulties so he manages it all by himself.  Over the past years, he has maintained a vast record of clients – all praising the quality of his service and his dedication towards it.

The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

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Business

Winners and Losers in the Digital Economy

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Businesses around the world were forced to move to an online economy due to the COVID 19 pandemic. However, not all businesses will be able to make that shift and thrive. If you deep dive and take a look at the digital economy, you will discover winners as well as losers. Lets take a look at some of the winners and losers.

Winners of digital economy

  • Telecommunication companies

Online services are quite popular among people out there. Thats because, we use our internet connections and phones to get most of our work done. Due to the same reason, companies that offer internet and telephone services have a high demand. Telecommunication companies can expect to witness an increase in demand for the services in future. Hence, they are a clear winner of an online economy.

  • Software development companies 

People in todays world prefer to use online platforms to get most of their work done. For example, we take a look at the online stores when we want to buy something. It is a convenient method available to get a product delivered without having to go out. To cater this demand, businesses have started getting their online selling marketplaces developed. Numerous improvements are done to those online marketplaces to deliver a better experience to the customers. On the other hand, digital economy has forced employees and students to continue with their work from home.  This has also created a massive demand for the services offered by software development companies. Hence, software development companies are a clear winner of the online economy.

When you go through IB Economics Paper 1 Sample Answers, you will figure out how the businesses can thrive when they have an increased demand. All the businesses that belong to the above-mentioned industries have a high demand. Hence, they can get the maximum returns out of digital economy.

Losers of online economy

Now you have a clear understanding about the winners of online economy. While keeping that in mind, it is worthy to take a look at the losers of online economy as well. Here are some of the businesses that will probably take advantage out of digital economy to ensure their business success.

  • Businesses in the hospitality industry

Businesses that exist in the hospitality industry, such as hotels, theme parks and even airlines will fail to thrive in a digital economy. They operate businesses, which cannot be taken online with ease. Along with the development of a digital economy, most of the people prefer to stay at their homes and get work done. This is creating a negative impact to the businesses in hospitality industry. Thats because those industries need people to move.

For example, we can see how the large scale conferences, trade shows and exhibition are now taking place online in the form of online conferences and virtual trade shows. This has led the companies in hospitality industry towards major revenue drops. As you can learn from Econs Tuition, businesses that have a drop in demand will not be able to sustain in the future, unless they go for transformations. However, the transformations available for businesses in the hospitality industry are also limited, due to the nature of business operations that they run.

  • Child care services / adult care services

Child care services and adult care services are another loser in an online economy. We could see how these businesses receive lots of financial support during the recent past because of the impact created by COVID 19 pandemic. They are experiencing a significant drop in their revenues as of now. Some of the operators are even forced to close down their facilities.

In a digital economy, people are provided with the chance to get most of their work done while staying at home. For example, people dont need to go to office to get work done. Due to the same reason, they can work from home and take care of their kids and seniors. This leads all the businesses that offer adult care services and child care services to lost business opportunities.

Final words

As you can see, there are winners and losers in a digital economy. Losers should focus more on how to get the maximum out of new business opportunities created with the online economy. Then they will be able to innovate and ensure the survival of businesses in the long run.

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