Creative Warriors

422: Marc Gruber- 3 Steps to Discover Your Most Valuable Market Opportunities

Informações:

Sinopse

I’m sure you’ve heard a lot of people preach about how you need to find your niche. Although this is true, as an entrepreneur you want to make sure you find your niche. By that I mean your area of expertise. Although you want to be able to identify your audience, you don’t want to close yourself off from other business opportunities. For example, if Amazon had been called Online Books for Cheap, they would have significantly reduced their ability to pivot. A study has shown that about three quarters of all businesses make a pivot within their first two to three years, so you want to make sure you give yourself the ability to. I imagine you’re next question is, “How do I know when it’s time to pivot?” To be honest, you’ll know through analysis. Take the time to sit back, look over your business, your industry, and even do a bit of self reflection. Once you have a strong analysis, now comes the time to play. Let your creative side take over. Don’t use your stats to go to an obvious place. Use your creativity t