HomeEntrepreneurshipHow Do Entrepreneurs Find OPPORTUNITIES?

Entrepreneurship

How Do Entrepreneurs Find OPPORTUNITIES?

By Hector Quintanilla

February 12, 2024

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Do you remember the day Steve Jobs released the iPhone?

The world knew this was a great gadget, everyone literally ran to get one — yet, very few could anticipate the massive business opportunity it represented.

Think about this:

Innovation represents opportunity.

When Steve Jobs revealed the iPhone, how many iOS developers existed worldwide? Zero!
How many were iOS experts? Zero!
How many were making money on this platform? Zero!

To date, Apple has paid a total of over 200 billion U.S. dollars to iOS app developers selling goods and services through the App Store.

A year earlier, the cumulative payout to developers had amounted to 155 billion U.S. dollars. (Source Statista)

To answer your question, how do entrepreneurs find opportunities?

As innovation accelerates worldwide, be open to identify the multiple opportunities that these new technologies represent.

Also read: What Do Most Startups Get WRONG?

Those willing to invest the time, money and effort, will find that the world full of exciting opportunities in the decades ahead.

#BeBusinessSmart

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