If you think about all the types of businesses out there, it really is narrowed down to small businesses and large corporations. Some business ideas only have the potential to make a small to medium-sized business. However, others have the ability to become the next biggest leaders in their sector, and become a Fortune 100 company. These big companies solve HUGE problems, and these four business ideas below do just that. For a business idea to be considered large scale, I took into account the amount of money that would be needed to fund a venture of that nature. Obviously, a lot of assumptions were made in the valuations that make these ideas “large-scale”, so please take it with a grain of salt.
Let’s jump in!
1. Quantum Computing Application Builder
Quantum computing is a new type of computer that can take the abilities of computers now, and surpass that by 100 times (a very simple definition). This brings possibilities to process data at a much greater speed. For example, building financial models that incorporate significantly larger amounts of data would create possibilities for people to make better investment choices. As of right now, we are limited to the amount of data a person can input, and computers can only process a limited amount. You can check out more information about Quantum Computing here. The technology is not 100% at market, but it should be arriving very soon, and having your business idea ready can give you a head start.
This is a large scale business idea because it takes very sophisticated people to build the models and tools to process the data in a certain way. This is because quantum computing programming is a lot harder than the programming that goes on today. Many people who have PhD’s in quantum mechanic theories would be useful, as well as regular programmers.
The Business Idea
Quantum computing application builder is inspired by the capabilities of quantum computing. This would involve targeting large companies that have the ability to pay for high-end applications, to solve their large data processing needs. A different example than mentioned previously would be to build better supply chain systems for companies, using Quantum computing. For example, a company like Walmart could integrate internet of things technologies to have live tracking of everything that goes on operationally. A quantum computer would be able to process this data live, and give insights on what to do to increase efficiencies immediately. Check out IBM’s website about the commercial applications for quantum computing technology here. If you want to think of more examples, ask yourself, how can you generate positive insights from processing extremely large amounts of data?
Want an example of a cool company already doing something similar? Check out 1QBit.
2. Vertical Garden Developer Company
The vertical garden development company came to me when I was thinking of the problem about farmland being bought up for land development purposes. This is becoming a serious problem, as farmers have a financial incentive to sell for their own livelihood, but it puts pressure to have food constantly imported. You can check out a great example of these with what China is doing.
The Business Idea
This business would be a land development company, specializing in Vertical Gardens. Instead of building a luxurious tower for people to live in, plants would be grown in tall structures for harvesting. The great thing about this each floor can become a controlled indoor environment regarding humidity, temperature, UV exposure and water. All different types of fruits and vegetables can be grown year-round, with only taking up a fraction of the space of a farm. One thing to consider is that with the pros of farming different vegetables, and using up less space, comes the cost to either hire people to maintain the building and plants, or create robots to do this. You can see now how this would be a very large scale business that involves a lot of investments. However, think of how many small businesses and communities would benefit from a 20 story garden building.
3. Industrial 3D Printing Builder
The capabilities of 3D printing have come along way in the past five years, and it is going to get even crazier. People have already been developing prototypes of machines that will be able to build houses! Additionally, these machines can process various types of materials to build complex structures.
The Business Idea
Designing files for industrial 3D printers to build houses. This is a large and complex business because a lot of software and human capital is needed to design such intricate files. Engineers and 3D printing experts would need to be involved to make sure the building has structural integrity, and is built to the proper specifications. Graphic and interior designers would also be a huge asset to making the finished product have immense appeal. A business idea like this would allow communities to be built in days, without have the “cookie-cutter” feel like many suburbs do. The cool thing about this business is that you could have 20 different custom design houses, and just load the file into the 3D printer with the materials.
4. Artificial Intelligence & Machine Learning Investment Firm
AI technologies and machine learning are huge right now with how they are helping businesses. If you are not too familiar with AI and machine learning, it is the ability for software and programs to adapt to certain inputs that happen in the environment it monitors. With the ability to recognize patterns, and “conceptual learning theories”, machine learning can create adaptive software for the better.
The Business Idea
A machine learning portfolio investment manager. This company would be comprised of investment experts, and computer software programmers, to build investment portfolios for middle-class individuals that are managed by AI. One benefit would be much lower costs than buying traditional mutual funds, where active fund managers are paid quite significantly. With machine learning too, it can be built to adapt to changes in the market (changes in the data that it gets fed), along with other inputs a fund manager would monitor.
As you can see, these business ideas solve huge problems. Some so big you may be thinking that this idea alone cannot solve the problem at hand. If you thought that, maybe you should consider researching one of these business ideas as a viable market could exist.
I hope you liked these business ideas. If you found them useful, please share it so your friends and family can find value from these ideas too. Thanks for reading!