Entrepreneurship is all about creativity and innovation, there’s a perception that you can only be an entrepreneur if you can do something innovative, groundbreaking, and entirely different, this is true but it only encapsulates a tiny minority of entrepreneurs. Some are entrepreneurs by merely adding value to what already exists.
Money can be earned by doing something new, I mean creating something that has not been in existence before. This can be achieved by seeing a need and meeting them or looking at a problem and providing a solution for it. Products like telephone, aeroplane, motor car and so on were actually created by men that saw a way to make life easier and solve a problem and by this they made great amount of money and were wealthy. To really earn money we need to be innovative and creative to form something entirely new that people really need or want. Offering a service that people really need that will make life easier for people shows a great spirit of an entrepreneur, the reality is that money can be earned by creating something new that people need.
The retailers, restaurant groups, launderette chains, accounting firms, web designers, plumbers, and solicitors in your local business directory were all started by entrepreneurs that tried tackling something old or something in existence to make it better. Dr. Rob Yeung said that in recent years, he has come across successful businesses launching on very simple concepts, a green taxi car service operating only environmentally friendly hybrid cars, a chain of suburban hairdressing saloons offering top-class haircuts to customers who can’t be bothered to venture into the city center, a company using software engineers based in Bangalore in India to slash the cost of designing a website by two-thirds. Maybe your twist could be better customer service, quality, or speed, or taking a product to a different customer group that is as yet under-appreciated by others. For your venture, perhaps doing something slightly different but just better than anyone else could be all you need.
Well, earning money is all about adding value to something or to people’s life. When you can innovate and create something new – either a product or service that people need, you will surely be paid for it. Another means is by looking into how to make a particular product or service better by listening to people’s complaints or asking yourself how better the product can actually be that will make you pay more and still use it. When you do this, you’ll earn money more than you expect. So it is time to get to work and look around for something near you that you can create or tackle something old by making it better than it is presently.