Write a précis of the passage given below in about one-third of its length. Please do not give any title to it.The precis should be written in your own language.

Technology is your innovative kitchen appliance, your home computer, NASA’s new spacecraft, and even the proverbial better mousetrap. For example, lots and lots of people are working feverishly to come up with better video games, laser Toothbrushes, wristwatches, TVs, and the like. Sometimes it takes years to perfect an item. That can be good news for small business owners, as there is plenty of time to prepare to profit. Of course, there is a downside to new technology, too. It often involves high risk. There’s no guarantee of success just because the product is new. In fact, something like 80% of the new products introduced into the marketplace die a quick death. Remember HD-DVD players, the Edsel, and eight-track tape players? What should you do to take advantage of new technologies? First, recognize that large-scale new technology ventures require vast amounts of money and will be beyond your reach unless you plan to have your small business grow in a hurry. Many companies expect to lose money for years during product development and approval before developing a big hit. However, there are often ways creative small business owners can find to participate in new technological trends. For example, many computer software companies started with little more than a good idea and a computer. Or to think even smaller— but not necessarily less profitably—lots of carpenters have done well making ergonomically correct furniture for computer work stations. Pay attention to new developments in your chosen field and think about how you can take advantage of them. The explosion in mobile devices has popularized applications (or “apps”) that enable users to accomplish many functions previously associated with desk-bound computers. Can your business benefit from creating such an app? Can you modify your software or website development business to accommodate the massive app market?