Tuesday, March 31, 2009

Identifying an Entrepreneurial Opportunity

How many times have you sat at your desk or driven in your car and dreamed of building a business from scratch? You cross paths with people everyday who fantasize about embarking on an entrepreneurial adventure but few of them ever take the leap. Entrepreneurship is liberating and empowering, but it is also frightening and intimidating due to the large risks involved. It is however possible to eliminate some of the risks if one engages in a sensible, strategic process when developing a new business. Such a process should begin with a search for the right business idea for which the entrepreneur then sources funding and establishes a structure so that she or he can exploit the opportunity. Such a process may sound simple, but there are some critical elements within each step of the process that empower entrepreneurs to minimize risk and ultimately enjoy success.

Market Demand - You are looking for a set of customers in the market who are underserved and are looking for a particular product or service to fill a specific need that they have. A product or service that adds value by making a meaningful contribution to people's lives is the foundation of a successful business. By consistently adding real value to peoples lives a product or service will sell itself.

Passion - Being passionate about your product or service increases your ability and enthusiasm to sell it to others. It is far more likely that others will buy from someone who is excited about what they are selling than from someone who appears bored and disinterested. Being passionate about your product or service makes it easier to endure the tough times and testing moments of building a business. Because you are engaging in doing something that has meaning and purpose for you, you are far more likely to persevere when others would be inclined to give up. Being passionate about your product or service means that you will be more inclined to build your skills, expertise and understanding of the particular product or service that you are selling and therefore allow you to be more successful.

Skills - We all develop certain skills through the experiences of our life and our career. Most people in the working world have developed a skill in some particular area and it is a matter of them matching their skills with a market need to create an entrepreneurial opportunity. A special skill may not always be obvious - while growing up most children only get recognition for academic or sporting achievements but when launching a business an entrepreneur can draw on a far broader range of skills to offer value in the market place.

Resources - Access to certain resources can give an entrepreneur a competitive advantage.

Fortunately, education and training, such as that offered by Nouveau Riche, is easier to attain than ever before. Real Estate will always have a market demand and several ways to attack it. The skills needed can be gained through the Nouveau Riche College and the resources you will need are at your fingertips via exclusive access. The only thing remaining is the passion. If you have the passion to learn how to create your own wealth, run your own business and manage your own time then the product becomes passing that dream on. And if you can lead by example then the product will sell itself.

Nouveau Riche offers a Dual Income Opportunity. A business system that can be customized to suit your schedule and goals as part of our vital mission to pay it forward in assisting the American Public to overcome financial illiteracy. Nouveau Riche will not only give you a full education on real estate investing but also rewards you with INCOME! In addition to preparing you to run your own successful business, Nouveau Riche will pay you for each referral purchase you send through the college!

If you have an entrepreneurial spirit and would like to align yourself with a company that supports this new revolution, as well as with individuals who have chosen to take control of their lives, Nouveau Riche may be your ticket to successful business ownership.

Learn More About the Following:
Nouveau Riche Real Estate Investment College
The Nouveau Riche College Experience
Wealth Creation through Nouveau Riche
Education for Real Estate Investing
Real Estate Investor Mentoring
The Nouveau Riche Community Experience
Entrepreneurial Opportunity
Nouveau Riche and Jim Piccolo
Nouveau Riche and Bob Snyder
Nouveau Riche Student Testimonials
Nouveau Riche Training Events
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