BUSINESS IDEAS

what the world would be had there been no entrepreneurs?

• An investment to increase the value of a product or service. This could be by way of improved performance, quality or experience.
• An investment to seek new applications to vary the usage of an existing technology or process.
• An investment to create mass markets for existing products.
• An investment to improve the supply chain and market growth of a successful startup.
• An investment in business or manufacturing process innovations, which are huge drivers for return on investment.
• An expansion of geographies or regions of customer growth.
• A customization startup, which customizes a product or service for a target audience that is niche.
• A convergence of industries, which is another growth area for entrepreneurial acumen. For example, genetic engineering is the convergence of electron microscopy, micromanipulation, and supercomputing.
• A consolidation of industries. This could be the automobile manufacturing industry, cable and satellite TV broadcasters, and telecommunications carriers.
• As a rule of thumb, the investment of time, money and effort in the venture should be less than what it will be worth in two years, with a probability of large returns in four years. The outcome variably depends upon:
• A solid analysis of the current and expected industry conditions leading to a viable opportunity.
• Whether you can exit with minor losses if the opportunity turns out unfavorably.
• Whether potential future gains are significant.
• The capability of the entrepreneur to execute the strategy.
• Whether the customer will buy.