Identifying Opportunities

Good Morning Brilliant and Excellent People,

I look forward to sharing with you Brilliant and Excellent tips for attaining your goals and fulfilling your Purpose.

Opportunities can be difficult to recognise, especially if our minds are not open to it. Many people fail to look around for opportunities or even dig into pressing issues to find the opportunities, instead they wait for it, expecting the opportunities to parade itself to us.

Adequate information and knowledge is crucial in identifying opportunities so is the ability to know what and where to look.

Tips to start

1. ·         Increase knowledge and be informed
2. ·         Eliminate limiting beliefs
3. ·         Correct wrong mind-set
4. ·         Develop great attitude
5. ·         Connect with people

Categories to consider when looking for opportunities

Market changes: changes in demand and supply is a great way to identify the opportunities that exist in the market.

Economic trends: issues such as scarcity or abundance of resources can be harnessed to give maximum output. If people can trust the output that you deliver, regardless of the economic situations, they’ll find you.

Existing idea: this is perhaps one of the easiest way to find an idea and turn it around. Opportunities lies in existing ideas, you can change the model of operation of an existing business, you can infuse new creative ideas into an already existing idea.

Personal and professional relationships: the people in our lives come with their own networks and ideas. By harnessing this properly, you have a ready market based on referrals. Another great way is to combine your ideas with someone else’s and build a great enterprise together. Doing this reduces the financial and corporate burden of doing business.

Financial market: there are many donations, grants and funding available for different businesses and there are endless opportunities that can be maximised from them.

Keys to identifying opportunities

Find the problem: problems are not necessarily a menace, below the surface is the opportunity of a lifetime. The question we should ask ourselves when faced with a challenging issue is, what is the cause root of this? By answering this, we are able to point out what went wrong and how it can be fixed.

Create a solution model: you have studied the problem and you understand it, the next thing is to create a solution that meets the needs identified in 1 above. If it’s possible to put your solution model to work, then by all means do.

Infuse your creativity set the enterprise apart: it doesn’t matter what it is you venture into, infuse your creativity into it. Once you are known as a reliable producer of a product, it opens the door for bigger opportunities, wider networks and more businesses.

Stay updated: market trends is constantly evolving so should be your ability to research and learn. New ideas that can revolutionize your business is available on the internet, on the TV screen and on the pages of books and magazines. The question is, are you aware?   

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