Start here

Posted on 12 March 2007 by retailsmart

Many people I know promise themselves that… ‘one day I am going to start a business’… but then struggle to find the ‘right’ idea. Now I can’t tell you exactly what the right idea for you is, but I can tell you where you can go and fish. I have identified 5 areas, and I am not considering any of the obvious miracle cures for diseases etc.

1. Look at a supply chain (preferably an industry that you know well) and identify areas of conflict/ friction in the supply chain.
2. Look at the people around you and identify what they are greedy and/or selfish about. (Even if it comes from Nigeria.)
3. Find a product or service that appeals to the vanity of human beings.
4. Anything that makes people safer in a new environment (internet/second life/school/ roads – whatever.)
5. Anything that makes someone think/ feel/ act younger than they really are (vanity combined with a fear of death is a particularly potent combination).

I could go on, but you get the idea. The really fun bit is to use this approach as your investment filter. (It kinda makes Google, EBay, Amazon, Second Life, Mcafee etc etc quite obvious…)

Which begs the question: why the hell am I not any richer?

http://drcontrarian.blogspot.com/

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Filed under: General

« Winners of the world Will history look kindly on George W Bush? »

2 Responses

  1. preyden, on March 14th, 2007 at 12:09 am Said:

    Small World Dennis.

    My name is Peter van der Reyden, and I’m an Aussie, living in Atlanta, GA. I was previously a neighbor of yours, having been raised at (still) my parents place on Parsonage Rd.

    Anyway, I appreciate your comments on Bush, and I think its a fair assessment. My 2 bobs worth is this… Why is it sometimes the same people who claim the oxymoron of Bush leading an Oil CO. driven conspiracy, while still claiming how dumb he is. Does not compute… I’m not a huge Bush supporter, but I do like his charactersitic if walking his own talk, right or wrong, at least he acts with leadership and consistency. Not too many world leaders can claim that.

    On another thought, maybe this new movie, “300″ I saw on the weekend, is an analogy of our near future. Could these Persians (read middle easterners) on the doorstep of the Spartans (read westerners) be seemingly on the verge of victory in the Islamist quest for world domination, with the west seemingly doomed to defeat? Does 300 mean 300 million, the population of the USA and Australia? I could go on expanding this line of thought, but I’ll leave it there.

    Best of luck on your blog mate.

    PvdR

  2. Dr Contrarian, on March 14th, 2007 at 9:56 am Said:

    Peter
    So, Linked In works…
    Thanks for the comment: food for thought – but will wait to see the movie.
    And if you ever come this way…

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