Entrepreneurial opportunities are everywhere and at all times, and they come from five main sources.
ProblemsThe fundamental purpose of entrepreneurship is to satisfy customer needs. And customer needs are problems until they are met. One important way to find entrepreneurial opportunities is to be able to identify and appreciate the problems or difficulties in your own and others' lives in terms of needs. For example, a university graduate in Shanghai who found it difficult to get to and from the city for our students and teachers in the suburbs started a passenger transport company, a successful example of turning a problem into an entrepreneurial opportunity.
Most of the opportunities for change entrepreneurship arise from the changing market environment, and when the environment changes, market demand and market structure are bound to change. The famous management guru Peter Drucker defines entrepreneurs as those who "look for change, react to it positively and make the most of it as an opportunity". This change is mainly due to changes in industrial structure, the upgrading of the consumer structure, accelerated urbanisation, changes in the mindset of the population, changes in government policies, demographic changes, rising income levels and globalisation trends. For example, the rising income level of the population will increase the ownership of private cars, which will give rise to many entrepreneurial opportunities such as car sales, repair, accessories, cleaning, decoration, second-hand car trading, escort driving and so on.
The creation of inventions provides new products and services to better meet customer needs, and also brings entrepreneurial opportunities. For example, with the birth of computers, entrepreneurial opportunities such as computer repair, software development, training in computer operation, graphic production, information services, online shops and so on follow. Even if you don't invent something new, you can be the one to sell and promote the new product, thus bringing you business opportunities.
Competition If you can make up for the flaws and shortcomings of your competitors, this will also become an opportunity for you to start your own business. Look around you at companies - can you offer a product or service faster, more reliably and cheaper than they can? Can you do it better? If you can, you may have found your opportunity.
New knowledge and technology, for example with the spread of health knowledge and technological advances, has led to many entrepreneurial opportunities around "water", and there are many entrepreneurs in Shanghai who have joined "Urban Spring" and embarked on the entrepreneurial journey.