Have you wished you owned your business? Or that you could
work at something that you enjoy doing? There are business
opportunities all around us, but many times we fail to
recognize them until its too late. Others capitalize on them
before we realize the opportunity even existed. Being dull
to opportunities brings discouragement and starts a cycle of
Listed below are six simple disciplines to help you sharpen your ability to recognize small business opportunities occuring around you.
Listen. Open your ears to what friends, colleagues and
business associates are saying. Listen to financial reports
on television and radio.
Be Informed. Stay current on events, especially topics that
are of interest to you. For example, if you lean toward real
estate investing, be knowledgable about interest rates for
commercial and/or residential real estate and other topics
related to real estate investing. Current events reveal
trends in markets.
Read. Be a reader. Recently I researched information
concerning national literacy rates and found the United
States ranked 61st in adult literacy of the natins of the
world! In our time, most people have quit reading.
Discipline yourself to skim headlines of newspapers,
magazines, internet sites, etc. Then take the time to read
in depth what has caught your interest from reading the
Awareness. Be aware of what's happening around you,
business-wise. Take notice of new shops and stores, new
construction and improvments. Notice advertising, billboards
and marketing campaigns that other businesses are deploying.
Businesses that are growing are investing in marketing,
advertising or enlarging their facility. These are all
indicators of opportunity.
Think Positive. There are many books about positive thinking
that are available, get one or two and read them! Positive
thinking works because you are what you think and you feel
what you want. Abraham Lincoln said, "Most folks are about
as happy as they make up their minds to be." Make up your
mind to be successful, happy and positive. Your life will
reflect what you think, you'll see opportunity as you never
Current Events. Many times business opportunties are
connected to current events, as was my case in the aftermath
of hurricane Katrina. For example, thousands of trees needed
to be removed from homes, driveways, yards, roads, fences,
etc. The local tree companies were simply overwhelmed. No
way could they make a dent in the sheer volume of work to do
in any reasonable amount of time. Hence, an opportunity for
outside tree contractors to come and find work. This was
also true in the roofing, remodeling, fence construction
sectors as well.
Following these six disciplines will sharpen your ability to
recognize small business opportunities as they arise and
increase your self confidence in recognizing small business