Hirodon Business Review: The 94-year-old inventor of lithium ion batteries just announced a battery that can’t catch on fire

Thursday, March 9, 2017

The 94-year-old inventor of lithium ion batteries just announced a battery that can’t catch on fire

Here are three links worth your time:
University of Texas professor John Goodenough (an ironic name for an inventor) lead a team to develop the next generation of batteries that charge 3 times faster and won’t catch on fire no matter how badly you abuse them (3 minute read)
How much should you charge for your Software-as-a-Service tool? I analyzed prices from 1,530 products to find out (4 minute read)
Before you bury yourself in packages, learn the Node.js runtime itself (9 minute read)

Bonus: Beau explains how you can get your web app to show your users desktop notifications using JavaScript (4 minute watch)
Thought of the day:

“I think computer viruses should count as life. I think it says something about human nature that the only form of life we have created so far is purely destructive. We’ve created life in our own image.” — Stephen Hawking

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Business Ideas 2017

Microbrewery - Microbreweries and craft beer remain wildly popular, particularly in the U.S. The industry was worth more than $22 billion in 2015, up about $4 billion for the year (1). If you’re a craft beer hobbyist, it might be time to take your recipes to the next level. Fair warning: this idea does come in at number 25 because it is capital-intense during start-up.
Food truck - The food truck industry is growing. Fast. In 2015, the industry’s total revenue was $1.2 billion, a five-year increase of 12.4% (2). Projections say growth over the next five years will slow but continue at 3.7% to $1.7 billion (3). For those with big culinary dreams but small risk tolerance, food trucks are a winning alternative to restaurants. Food trucks are much less expensive to start and operate, and the failure rate of food trucks is much lower.
Remote employee monitoring - There’s no doubt the workforce is becoming more and more remote, so it follows reason that industries serving the phenomenon would profit. Getcha sum. By 2020, the U.S. remote worker population is expected to grow to 105.4 million (4). But bosses are still gonna want to stand over their employees’ shoulders, even if they have to do it virtually. As a result, the “remote employee monitoring” business is booming.
E-bikes -With Tesla being the posterboy of all-things electric, the industry is in good hands. E-bike sales, for example, are expected to hit close to 50 million units by 2018. A smart business could sell e-bikes and kits to “electrify” traditional bicycles. (You replace the front or back wheel hub with one containing a small electric motor and add a battery and cabling.)
Translation and language services -
- All that cross-lingual communication has generated an insane opportunity for translators. The hiring of interpreters and translators is projected to grow by 46% over the next 15 years. To put that in perspective, it’s much faster growth than the average for all occupations combined (5). If you have a gift for languages, or if you can build a business that brings together foreign-language speakers with clients in need, you can pull some profit. EspressoEnglish (6) and FluentIn3Months (7) are leveraging the online language education market expertly.
Virtual reality - VR technology has finally arrived. Folks are expected to buy over 12 million VR headsets in 2016 (8). But how do you build a business around VR? Take a cue from these guys: 1) LiveKnot (9) targets the wedding market. Offering to shoot the entire service in VR, they already have a few hundred requests from $2K to $10K a pop. Not bad.
Healthy vending machines - Google “healthy vending machines” and you get a bunch of ads. That’s a good sign. The biggest reason? Corporations want their employees to eat healthier. The industry is a whopping $42 billion, and for about $30K to $225K, you can become the operator of a healthy vending machine franchise
Software school - Final Cut, QuickBooks, Photoshop, whatever. If you can shred any specialized software, you can build a business around teaching people how to use it. Teach private lessons by the hour, and grow into small group sessions and charge by the complete tutorial. You can always hire on other specialists and diversify.