Forming an Opportunity Belief


1      What is the unmet need? Motivation/Guidance/knowledge
2      Who has the need? Most college students/Low income employees
3      Where did the need come from? School system? (Potentially)
4      What are people doing to meet this need now? Motivational speakers?

Interviewee #1

Aspiring Entrepreneur Jake

After talking to Jake for around 15 minutes and asking him a series of questions regarding his aspirations to own his own business, it became apparent that he has little knowledge regarding entrepreneurship and even less motivation to learn. He seemed careless about how he’d start his business or what his business would sell. Never had he thought about reading a book about business or anything related to the matter. He needs knowledge on how to build a business and showed no signs of actively looking to obtain said knowledge. I put him on to some books such as Think and Grow Rich among others and I believe he will trend in a better direction than he previously would have.

None of this was surprising, most college students do not read outside of school. I only started reading about a year ago and it has changed my life. I hope it changes his.

Interviewee #2

Minimum Wage Worker Jackson

Jackson works for a fish market and is essentially a janitor. Every time I see him he – which is often – he smells like fish. He works 4 days and cleans fish guts for a little more than eight dollars an hour. When I talked to him I asked him how his current job would help him towards entering his desired career of being a lawyer. He had no answer for this, his sole reason was he wanted some extra cash. I later asked him what skills he was gaining from the work, he couldn’t name any. He chose this job because it was the first one he saw was hiring. I asked him why not work at a call center, or do sales, or anything else besides what he is doing, his answer was he never thought of getting a different job.

Jackson knew it would be easy to get a job at the fish market and didn’t want to spend extra time looking for a superior job. He wanted immediate gratification and suffers for it now. He has been looking for more, better opportunities now, however.

Interviewee #3

My dad – an entrepreneur

While my dad does not need any motivation or guidance, I wanted to see and question how he gained his success. I asked him which books he read and which ones have helped him the most. He said his number one read is How to Win Friends and Influence People. I sort of already knew this and have actually read the book before. I asked him what changed in his life that made him want to own golf courses. He said he was a PGA pro for years and loved his job, he just didn’t like working 50 hours a week so he saved up money for years and got a loan from the bank and purchased his first course, while also quitting his last job. He said he wanted to be his own boss and after years in the golf business he knew how to run a course and had the previous owner of his course mentor him for years so he could mirror and surpass his success. I asked him what the biggest key to being a successful entrepreneur, especially in the golf business and he replied that being a good listener to customers and building their loyalty and trust has been the most important thing for him.

My dad has always been my biggest source of inspiration and the way he was able to build up his businesses has always motivated me to better myself. His late start to entrepreneurship also shows that Jake (my first interviewee) is not behind at this point in his life by too much and he surely can still do great things even if he doesn’t start for a while. Also, immediate gratification is a problem for my generation, my dad thinks so too. He learned early in owning a business that you have to work with the end in mind, he would rather suffer for a year and prosper for years to come than live an “eh” life with a nice car or watch.

The opportunity of motivating and guiding people to do great things is still there in my eyes. Most successful people have had an "ah-ha" moment where things clicked and they figured out what would make them successful. The opportunity is in creating that "ah-ha" moment for people sooner than they would have themselves. This opportunity is definitely more accurate as of now than it was before. Being able to fine-tune things based on other people's opinions is essential for all entrepreneurs, but having a sense of self worth and having a baseline of knowledge is important as well.

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