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When you understand actually what opportunities are, it gets easier to scale from there. Unending problems with few solution givers; this is the current world scenario. Maybe you are starting to realize why some are richer than others.
There is one major reason a customer will buy your product or pay for your services; ‘it solves real world problems. Anything outside that is just you joking and well, no one has that time to joke around with you. The clock is ticking if you actually understand what this means to you and others too.
Why do you think people cluster around a road side food vendor even though she is operating without a license, business premises not pimped. In short, we can talk of just a wheelbarrow here being the entire business and customers going over to buy. Ok, I have my experiences on this when I was working, this road side wheelbarrow food vendor was our sure plug. ‘Mama Put’ is what we call them over here.
You don't need further orientation on the importance of food of food. Big, small, young or old speak the parallel language here. Getting back to her, she would most times return from selling early enough to plan ahead of the next day. In short, road side food business is making a good wave over here; both morning and evening. I was even surprised some these sellers stay till very late at night still pushing transactions.
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Inasmuch as I love standards and love putting entrepreneurship around whatever business I need to get myself involved with, we need to start from the basics, does this business solve real life problems?. The grassroot of a business is; ‘customers need it and then you can build your standard to keep a legacy’.
It was something our facilitator during the mentorship training said; ‘does your business solve real world problems?’. One needs to admit we are dealing with real people, having real problems and ready to channel their money in the direction of solution.
The same also applies to getting funded. VC’s are sitting on chunks in billions of dollars and well up to the trillions but this money is always released to entrepreneurs who know how to solve real world problems. It was something I had to reflect on in my brand; can we solve a global problem?. This answers the question of who is likely to give us any attention.
To conclude, let me add, product or service rendered goes a long way. This determines how large your customer base can be, how broad (in terms of global reach) and how fast transactions even flow in the process. So as an entrepreneur or a wannabe; what actually are you selling?.
This is an article covered by dani-EL; a broad niche writer. I write on faith, life facts and daily living, business and economics, small scale and daily businessing, cryptocurrency and technology. And yes, I do cover articles on financial education and investment updates. And note, if I happen to be a financial adviser to you, the TOP financial advice should be ‘DYOR’ (Do Your Own Research), I can't afford to break your heart.