I am currently in discussions with another entrepreneur about starting up another business idea, unique in our market. The idea is a niche one and the first business to implement will likely enjoy a first mover advantage.
I was asked by another individual why I am always on the lookout for new ideas. My reasons are several:
- If I can, I want to help other entrepreneurs.
- What got you there won’t keep you there.
- Market and job conditions change.
Focus in your primary profession is important but so is being constantly on the lookout for new ideas, as a defense against changing market conditions.