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Monday, July 22, 2019

Seeing opportunities where none is seen by others or seeing opportunities in problems

Ateneo Professor on Entrepreneurship

Rizal Philippines
July 22, 2019

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An entrepreneur is somebody who sees opportunities in the world around us where none sees anything.   In crowded area, he sees only confusion and crowd, or in a vacant land he sees only vacant land.  An entreprene7r sees opportunity in a crowded squatters area, or filthy toilet or market place, and sees condos in a cogon area or rolling rawland.

Thus in the Entrep class I had there were serendipity walk, and students were to report business opportunities at say Magsaysay Avenue in Olongapo City, or DMacapagal Avenue at MoA or Munoz Market, or the newly built SCTEX.  . In Magsaysay Avenue, a very creative student despite seeing the crowd at the cabaret row at Magsaysay Av. came up with 40+ businesses.  Wow they were really visionary.

I remember at ADB class for this subject, a student in true spirit of visionary saw a dozen business opportunities at DMacapagal Avenue at MoA.  Several years hence, today, I see many businesses at the said area that he envisioned.

Another way to seek opportunities is to ask "What pisses off?" the customer or the public at large.  The entrepreneurs solution to the problems surely becomes a business opportunity. How to make transactions faster and easier.   Many fail to see business opportunities in problems All that they see is problems
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