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Young: Finding entrepreneurial inventors in our midst

Opportunities abound含羞草研究社攜ou just have to look for them.

Joel YoungI know what you are thinking含羞草研究社攜ou still relate the word and the meaning of 含羞草研究社渆ntrepreneur含羞草研究社 to be pure business venturing.

But, this week, I want to recognize and embrace the reality that entrepreneurial creation, in its purest form, relates in large measure to the elements of innovation and creativity via inventive development.

Yes, inventors continue to be very relevant in our global world and definitely within the entrepreneurial world.

So, I want to focus on an important aspect of 含羞草研究社渆ntrepreneurial invention含羞草研究社, that being the entrepreneurial opportunity.

An all too common question I get from would-be inventors, creators and entrepreneurs is 含羞草研究社渉ow do I find real problems to solve?含羞草研究社

There are, I含羞草研究社檝e discovered in my six years of living in this region, an incredible number of exceptionally-talented individuals who are on track to seek their entrepreneurial opportunity niche.

By the same token, books have been written, scholars lecture and much discussion and debate conjures up the issue how to find the opportunities that can be converted into genuine realistic and realizable ventures for you.

OK, so let含羞草研究社檚 begin with another reality check含羞草研究社攖here is no easy journey to entrepreneurial success . Any potential successful venture for any of us requires hard work, commitment, dedication and, yes, patience.

You should read Peter Drucker含羞草研究社檚 Innovation and Entrepreneurship.

Drucker is the so-called 含羞草研究社渇ather of management含羞草研究社 and to some degree, entrepreneurship theory.

His book, around since the 1980s, is a classic exploration presenting the how-to approach for finding opportunities.

It even includes strategies for guiding your path of discovery.

Another critically important milestone on your opportunity discovery journey is to recognize that all ventures begin with the customer.

True entrepreneurship is the ability to find and solve a problem or void in the marketplace that will solve a want or a need.

If you can含羞草研究社檛 find someone to pay you to do what you want to do for them don含羞草研究社檛 give up until you含羞草研究社檝e researched and analyzed your idea thoroughly and exhausted all possibilities.

Then, perhaps, your next best approach might be find that certain someone with the need含羞草研究社攐r a very strong interest in含羞草研究社 something you develop on your own to address that want or need, and sell it to them.

The key to this approach is qualifying the need to the market.

The better you can qualify the need, the more likely you won含羞草研究社檛 be wasting your time.

Go talk to potential customers.

Ask them, if I had something that would satisfy your want and need, would you be interested? How interested? At what price?

What you含羞草研究社檙e looking for is interest. If you get it, then give the solution you have found, some serious attention.

So, let含羞草研究社檚 tackle some objectives that would-be entrepreneurs cite when pursuing this methodology.

含羞草研究社淚f I give them my idea, they含羞草研究社檒l just go and develop it themselves含羞草研究社 Why would they spend their time and resources when they have a motivated and dedicated person champing at the bit to make it happen?

含羞草研究社淚 don含羞草研究社檛 have the time to get out and talk to prospects.含羞草研究社 If you convince yourself you don含羞草研究社檛, then give it up now because you are swimming upstream against the current.

含羞草研究社淚 don含羞草研究社檛 feel ethical trying to market something before I含羞草研究社檝e got it aced. What if I can含羞草研究社檛 deliver? 含羞草研究社 There is nothing unethical about going out in the world to find a potentially needed and profitable venture to present. It含羞草研究社檚 not uncommon for entrepreneurial dreamers to take some cash upfront before they actually solve the market problem.  Don含羞草研究社檛 feel guilty about it.

含羞草研究社淚 like spending time in the lab. I don含羞草研究社檛 like making cold calls.含羞草研究社 Either learn to like it,or find a partner who does because that is the essence of entrepreneurial venturing. Commercially speaking, nothing counts until it sells. And, ignoring that fact is a road to failure. Don含羞草研究社檛 underestimate the value and need for partnering in your venture. Also, surprisingly effective preparation sometimes turns up other unanticipated genuine opportunities.

The other part of preparing for achieving your entrepreneurial opportunity is adequately preparing yourself.

Force open your eyes, set some goals and importantly, build a productive mindset. You含羞草研究社檒l need it.

Erase 含羞草研究社渟hould含羞草研究社 and 含羞草研究社渃ould含羞草研究社 from your vocabulary and your thinking. And, don含羞草研究社檛 get trapped in your own notions.

A good deal of your knowledge may constitute solutions to yesterday含羞草研究社檚 problems.

It may or may not apply to today.

Some of the best opportunities lie among 含羞草研究社渢ruths含羞草研究社 that no longer apply.

The final part of preparing for opportunities is to quit preparing and act.

Find out what works and doesn含羞草研究社檛 work for you.

The more time you spend in entrepreneurial activities and exploration, the better you含羞草研究社檒l get at it which will increase the odds of success in your favour.

Don含羞草研究社檛 be afraid to take risks. And, don含羞草研究社檛 be afraid to fail.

You will learn more from your mistakes and failures, no matter how big or small.

Go with what works and discard what doesn含羞草研究社檛.

The old Gestalt saying, 含羞草研究社渄on含羞草研究社檛 push the river, it flows by itself含羞草研究社 applies well to entrepreneurial invention.

There are no lack of ideas and opportunities today. Arguably, there are more genuine opportunities in our world today than ever in our history.

Entrepreneurial invention and opportunities arise from both social and technological change.

If you含羞草研究社檙e running around frustrated by what you feel is a lack of ideas and potential opportunities, maybe you含羞草研究社檙e doing it to yourself.

It含羞草研究社檚 definitely not being done to you.

The opportunities are there whatever level you含羞草研究社檙e aiming for.

So, prepare, look, act and prosper.





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