SOWPub Small Business Forums  
 

Click Here to see the latest posts!

Ask any questions related to business / entrepreneurship / money-making / life
or share your success stories (and educational "failures")...

Sign up for the Hidden Business Ideas Letter Free edition, and receive a free report straight to your inbox: "Idea that works in a pandemic: Ordinary housewife makes $50,000 a month in her spare time, using a simple idea - and her driveway..."

NO BLATANT ADS PLEASE
Also, please no insults or personal attacks.
Feel free to link to your web site though at the end of your posts.

Stay up to date! Get email notifications or
get "new thread" feeds here

 

Go Back   SOWPub Small Business Forums > Main Category > Original SOWPub Forum Archive
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read

 
 
Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
  #2  
Old February 8, 2001, 10:29 PM
Dien Rice
 
Posts: n/a
Default Re: Finding business opportunities....

Being able to find new business opportunities is the foundation stone upon which many of the most successful entrepreneurs have built their careers....

Some successful entrepreneurs basically only have one idea, and built on that. Ross Perot seems to fit this profile.... He had one idea - providing both mainframe computers *and* the software at the same time. When IBM rejected his idea, he managed to turn his idea into Electronic Data Systems, which became a multi-billion dollar company.

But others have founded multiple companies, and found many, many opportunities.... Richard Branson is a good example here. Almost any business you can think of, Richard Branson has been in it, through his "Virgin" group of companies (particularly in the UK, his home base).... Whether retail music stores, financial services, airlines, and so on.... While not all have succeeded, a large number of his ventures have.

I've been studying ways of seeing new business opportunities.... I believe it's a skill you can learn. In fact, it may be one of the most important skills as an entrepreneur....

As well as the examples I gave before, here's another approach to finding new business opportunities. It's to look at trends....

If you can spot the trends early on in their cycle, then that's a business opportunity.

There are many types of trends to look out for.... Things like demographic trends. Trends in new adopting technology. Trends in cultural change. All these things represent new opportunities....

For example, among demographic trends are the large bulge in teens, the children of baby boomers. As they grow, they will be changing their buying habits. That represents an opportunity....

I've read that the population of California will, within a decade or two, be over 50% ethnically Hispanic. That represents another type of trend, an ethnic and cultural trend, which also represents an opportunity....

There are at least several other ways of spotting business opportunities....

This is a very important topic.... It's an important foundation of success. I also think being able to spot good business opportunities makes things more exciting!

Is there interest in this topic?

- Dien
 


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are Off
[IMG] code is On
HTML code is On
Forum Jump

Other recent posts on the forum...


Seeds of Wisdom Publishing (front page) | Seeds of Wisdom Business forum | Seeds of Wisdom Original Business Forum (Archive) | Hidden Unusual Business Ideas Newsletter | Hotsheet Profits | Persuade via Remote Influence | Affia Band | The Entrepreneur's Hotsheet | The SeedZine (Entrepreneurial Ezine)

Get the report on Harvey Brody's Answers to a Question-Oriented-Person


All times are GMT -4. The time now is 02:12 PM.


Powered by vBulletin Version 3.6.0
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.