Opportunity Entrepreneurial Vision | The Ambition Show | Episode 27
Ehren MuhammadEpisode Description
You see what others don’t. You see the possibilities and what could be. This is what separates the entrepreneurs' mindset and outlook from others. This episode will examine how to make that vision a reality and how some of the best did it.
- Henry Ford did not invent the wheel, but what stayed true to his vision was that more cars could be on the road. Henry Ford made mass production possible by introducing the automobile assembly line. With the creation of the assembly line, his successful business practices, and a vision that inspired thousands, Henry Ford cemented himself as a legend in the business.
- Your vision should guide your decisions in how you network your education and see the possibilities that others do not.
- Be observant of the opportunities that surround you
- Opportunities are problems, challenges, and issues that people face
- The more often that a large
- “There are various ways in which entrepreneurs can identify or discover entrepreneurial opportunities. These ways include solving a problem, observing trends, and identifying gaps in the market.”
- The resources you will need are research, test audiences,
- The tools you will need are Canva or Miro
- Successful entrepreneurs have been doing this for years, and this can be done across any industry.
- Sara Blakely: Create a solution
- Forced to wear pantyhose in the hot Floridian climate for her sales role, Blakely disliked the appearance of the seamed foot while wearing open-toed shoes but liked how the control-top model eliminated panty lines and made her body appear firmer. For her attendance at a private party, she experimented by cutting off the feet of her pantyhose while wearing them under a new pair of slacks. She found that the pantyhose continuously rolled up her legs, but she also achieved the desired result. At age 27, Blakely relocated to Atlanta, Georgia, and while still working at Danka, spent the next two years and US$5,000 in savings (equivalent to $9,000 in 2022) researching and developing her hosiery idea, which would become nearly half a million-dollar brand, Spanx
- Nick Woodman: Focus
- GoPro CEO Nick Woodman's idea was born from a personal problem: not being able to take great pictures and videos while surfing. After months of intense focus, a prototype was born. Woodman is now focused on building a bigger platform to allow GoPro users to share videos easily. Founded 12 years ago, GoPro has made Woodman worth $1.3 billion. The company name is almost synonymous with the product category like Xerox once was with copying.
- Shantanu Narayen: Adaptability
- Businesses that become stagnant usually die. Adobe Systems CEO Shantanu Narayen looked down the road and didn't see a future that included distributing software on physical discs. He decided to change the widely-used Adobe Creative Suite to a subscription-based model. He wasn't the first, as Netflix had added streaming to its DVD rental services. But Adobe's graphic design empire was built on its box sets and annual releases of new versions. Narayen boldly changed his company's distribution model, and the growth in subscription members has proven its success.
WHAT TO READ “Outliers: The Story of Success” by Malcolm Gladwell
- About the author
- More >>
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