Hi folks! I have written this thread for guys who have just started sniffing around entrepreneurship. Most of you old, wise men will already be familiar with my case study and its findings - don't blame me for your time wasted if you decide to proceed! Thanks for your time and enjoy the read!
Guys, all business ideas are already taken and market is too saturated. Forget entrepreneurship, dust your suit and go back to call centre. Every idea is already taken by hundreds of guys.
However, if you are not obsessed about ideas per se, leave your suit hanging and let's go for a walk...
Today I was in an entrepreneurship meeting. There were roughly 50 guys sitting in a room discussing what ideas are going to make money, what ideas are taken and how to find an idea that hasn't been claimed by anyone. Someone mentioned execution few times, but nobody seemed to care. Most of them were obsessed about some new, interstellar business idea that can make them billionaires overnight.
It didn't take long for moaning to begin. Bunch of guys jumped on the stage and started moaning that most ideas are already taken and no matter how many books you read or how much money you invest, you ain't gonna build a long-term sustainable business, because someone will smell your success and steal your idea and start price wars...
I was expecting a hot discussion about execution anytime soon, but it didn't happen. Most of the guys were from prestigious schools, had admirable careers and seemed to be professionals, yet nobody stepped on the stage to enlighten the rest of guys about the importance of execution. Most of them were too busy blaming the world for ideas already taken and market saturation, because of XYZ.
My point is that there's a gazillion of opportunities if you know how to improve something. There'll always be people who want cheaper, faster, brighter, louder, softer, quicker items. If you concentrate on process/product improvement, instead of simply hunting for a legendary idea nobody has yet heard of, there's tons of money to be made and opportunities to improve peoples' lives at the same time.
As Grant Cardone said, "We're all obsessed. Make sure you're obsessed about the right things."
Guys, all business ideas are already taken and market is too saturated. Forget entrepreneurship, dust your suit and go back to call centre. Every idea is already taken by hundreds of guys.
However, if you are not obsessed about ideas per se, leave your suit hanging and let's go for a walk...
Today I was in an entrepreneurship meeting. There were roughly 50 guys sitting in a room discussing what ideas are going to make money, what ideas are taken and how to find an idea that hasn't been claimed by anyone. Someone mentioned execution few times, but nobody seemed to care. Most of them were obsessed about some new, interstellar business idea that can make them billionaires overnight.
It didn't take long for moaning to begin. Bunch of guys jumped on the stage and started moaning that most ideas are already taken and no matter how many books you read or how much money you invest, you ain't gonna build a long-term sustainable business, because someone will smell your success and steal your idea and start price wars...
I was expecting a hot discussion about execution anytime soon, but it didn't happen. Most of the guys were from prestigious schools, had admirable careers and seemed to be professionals, yet nobody stepped on the stage to enlighten the rest of guys about the importance of execution. Most of them were too busy blaming the world for ideas already taken and market saturation, because of XYZ.
My point is that there's a gazillion of opportunities if you know how to improve something. There'll always be people who want cheaper, faster, brighter, louder, softer, quicker items. If you concentrate on process/product improvement, instead of simply hunting for a legendary idea nobody has yet heard of, there's tons of money to be made and opportunities to improve peoples' lives at the same time.
As Grant Cardone said, "We're all obsessed. Make sure you're obsessed about the right things."
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