Finding Opportunity
Do you ever say to yourself, ”I wish I could come up with a business idea” or everytime you see a new product do you say, “Why didn’t I think of that?” What are you waiting for? The world is full of opportunity. There are thousands of franchises for sale if you can’t think of your own, but there is no limit to the possibilities of creating new businesses.
I love to brainstorm business and product ideas. I have some that are pretty hilarious, some that would probably be successful, and probably a couple that could make a fortune if properly thought out and executed.
The most frustrating thing is when you have an idea that you don’t follow through with and then someone else does it. When I was in college I wrote an extensive business plan for a Wrap Sandwhich Shop. Within a year of writting that plan two very similar shops opened up in the area I planned. Eight years later they are both still in business. Clearly I saw an excellent opportunity. I didn’t jump on it because I really didn’t want to be in the food business. But what about someone who sees an opportunity but doesn’t take it because of the risk.
I have talked to people who have excellent ideas for small businesses but still settle for their unhappy position with a larger company. There is no limit to the success you may gain from building a dream into a business. You simply need to recognize the opportunity, develop a plan, and go for it.
Recently someone said to me, “All the good ideas are taken”. What a ridiculous statement. What if Alexander Grahm Bell or Albert Einstein had believe that. Technology is constantly changing and so are the needs of the consumers.
The best part is that you don’t even have to reinvent the wheel or invent anything at all. The tools are available for anyone to develop a company.
Don’t make excuses. Don’t let the excuse of a poor economy get you down. Don’t believe all you hear. Don’t let lack of money stop you from accomplishing your dreams. Do believe in yourself, your idea, and the possibilities.
Check back to Turning the Wheel as I will explore more about small business opportunities, small business financing, and finding your niche.