Finding business opportunities....

Sometimes our mistakes can lead to
new opportunities:

"a wise man will make more opportunities than
he finds" -Francis bacon, Of Ceremonies and Reports in Essays, 1625

From buzz to stimulating business(true story)

http://dailynews.yahoo.com/htx/nm/20010207/sc/health_orgasm_dc_2.html

> 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 a trend....

> 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.

> 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