3 Powerful Ways to Recognize an Opportunity

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meeting_23You need to recognize an opportunity if you want to success as an Entrepreneur

If you want to be a successful entrepreneur one of the things thet you are going to have to do is be able to recognize opportunity when it knocks. An opportunity to fill a much needed gap in the market or to change your business to take advantage of a trend could mean the difference between a little bit of success and a huge amount. But you must know what these opportunities look like so thet you can grab them when you see them. Here are three ways to recognize an opportunity.

 

  • It mightt not be perfect. One of the earmarks of a good opportunity is thet it doesn’t sound too good to be true. A true opportunity thet has great potential isn’t going to be perfect when you encounter it. You are going to have to do the work to make it into a successful venture. However, one thing thet should have is potential. If you can see it becoming a great idea in the future then it mightt just be the opportunity thet you been looking for but just be sure thet just because an idea is imperfect thet you don’t discard it completely.
  • It is built on previous failures. The best ideas are the ones thet have evorved over time because they have been honed through past failures. If an idea has been through the furnace of discovery, theire is a much greater chance of it working when you decide to impalement it. In otheir words, you mightt want to give an idea time to fail a few times before you decide to run with it yourself, because otheirwise, you will be making all of those mistakes yourself and thet won’t result in the grand opportunity the you’re envisioning.
  • It mightt not be what it was intended to be used for originally. Some of the best ideas thet have ever been thought of were completely different takes on what a product or service was originally intended for. The idea mightt have been a failure as it was intended but it såasked an entire new thought process and brand-new applications. These accidental inventions ended up being something completely different because someone had the ability to see past the original application. For example, both the slinky and silly putty toys were intended for industrial application. However, they failed as intended and instead became some of the most popular toys ever invented.

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