Columnists

Getting into your own business (Part 11) – Constructing your own opportunities

This week we are going to look at a fourth method of finding new opportunities through creating them. Opportunities actually don’t exist until we construct them. You don’t go into a supermarket, walk down the opportunity aisle and select an opportunity from the self. As we have seen over the last few weeks, you can imitate another idea, find new ...

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From Europe, to the US, Japan, and onto China: The evolution of the automobile

The pre-automobile era Even though the railways existed in Britain, Europe, and America by the late 1880s, most road transport was still undertaken by house and carriage. There were over three million horses in Britain and ten times that many in America which had to be breed, fed, cared for, and housed. A large amount of farmland was devoted to ...

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Getting into your own business (Part 10) – Finding new opportunities through discovery

This week we move into the spectrum of more entrepreneurial opportunities. Discovery requires more innovation than imitation and finding new market space. Discovery requires seeing changes in the marketplace that the average person doesn’t see and this is part of the reason why these types of opportunities if exploited correctly can bring high returns. Mobile phones, computers, iPads, and low ...

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Getting into your own business (Part 8) – Finding new opportunities through imitating others?

The world is full of imitators. Give me an original idea and soon a dozen imitations are available – just look at the popularity of the latest Paris fashions. Soon, the world is full of imitations left, right and centre. Before there was Coke and then there was Pepsi, there is Pizza Hut and there is Dominos, and there is ...

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Lessons from the Invention of the airplane and the Beginning of the Aviation Era

No other concept had been dreamed about more than the ability of man to undertake powered flight. Ever since the Greek Mythology of Icarus and Daedalus, man has been on a great quest to discover the secret of flight and when man finally managed to fly, this discovery was to change the way he lived upon this Earth. Like the advent of the automobile, ...

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Getting into Your Own Business (Part 7): Why do people become entrepreneurs?

Let’s have a look at why people start their own businesses in the first place. If you were having coffee with someone and they asked you why do people start a business? Off the cuff without thinking too much about it, you might tend to think that a person starts a business to make money. Sounds logical but probably nothing ...

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Educating the rural population to develop ideas and create new business models with appropriate technologies

The writer was lucky enough to be invited to a premier entrepreneurship “talkfest”, the 11th International Entrepreneurship Forum (IEF) held in Kuala Lumpur 3-5th September. The IEF was founded in 2000 and holds an annual forum in different international locations each year. It has been previously been held in Istanbul, France, Latvia, China, and South Africa, supported by the OECD and Local Employment ...

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