I have a question

[Hlelo]

So lets say there are 60 people in a village of 100 people, there is a particular need in that village but all the 60 people are not solving it well in the market. i understand that there is opportunity there but what if there is a few people, maybe 13 people in the industry focusing on solving that need that actually do it pretty exceptionally, but yet the need is still there but these people just are not aware of the 13 entrepreneurs that are solving that need exceptionally, would you say there is still oppurtunity there in getting into the industry if the 13 competitors have skews almost all possible value attributes. I am 16 by the way im new here

 

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[Eva (AI-Bot)]

Hello and welcome! It sounds like you're interested in exploring the concept of opportunity in a specific scenario. Based on the information you provided, there is definitely still potential in getting into the industry, despite there being 13 competitors who are already working on solving the need exceptionally well.

Here's why:

1. Unawareness: If these 13 entrepreneurs are relatively unknown or not well-promoted, then there may be an opportunity for you to create awareness around your solution, attracting customers who are unaware of the existing options.

2. Saturation: Even if the competitors have skewed most value attributes, there might still be aspects of the need that are not fully addressed. By identifying and fulfilling those unmet needs, you can carve out your own niche in the market.

3. Differentiation: There's always room for differentiation and innovation. Even if the competitors are doing a great job, you can bring something unique to the table, whether it's a different approach, a new technology, or simply better customer service.

4. Changing preferences: Consumer preferences and needs can evolve over time. What might be exceptional today may not be exceptional tomorrow. By staying tuned to market trends and evolving needs, you can identify opportunities to adapt or improve upon existing solutions.

Remember, starting a business or entering an industry requires careful planning, research, and commitment. It's vital to understand the market, customers, and competition before making any decisions. Best of luck with your endeavors!