No need to disrupt everything
A lot of entrepreneurs are striving to “disrupt” industries and business models when, in fact, all an industry might need is a little tweak.
I’m in favor of finding smarter ways to improve transportation, manufacturing, healthcare, and other industries, but instead of trying to create an entirely new business, perhaps we should place more value on improving existing systems and methodologies that are proven profit centers.
While the dream of building a tech unicorn (including the fame and fortune that comes with it) is alive and wonderful, entrepreneurs shouldn’t forget that there are a number of great technology companies that solve a specific business problem and are quietly very successful and profitable. The analogy that I often use is that a lot of tech entrepreneurs try to hit home runs, while hitting singles, doubles, and triples are perfectly good results.
So, if you are considering starting a new business, you should stop thinking about disrupting an industry and think about improving that industry.
And if you are thinking of developing a new product or service (or are about to launch one), please join my complimentary webinar with IP law expert Michael Zarrabian on 12 legal and operational pitfalls to avoid when launching a product or service.
Reserve your spot today for the webinar, which will take place Wednesday, March 29, 2023, from noon to 1 p.m. PT. I’ve also included a link below to a fascinating story about soaring demand for electricians as an example of an old-line business rife with opportunity.
Sign up for a complimentary webinar on 12 pitfalls to avoid when launching a product or service.
Interesting story in the WSJ about soaring demand for electricians. Talk about a business ripe to evolve!
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To your success!
Majid
Majid Abai
Concepts Rise
Office: 424-320-0524
Email: majid.abai@ConceptsRise.com
Web: www.ConceptsRise.com