Identifying viable opportunities is crucial for entrepreneurs, and each of us can sharpen our perception for seeing innovative solutions in the face of pain points and challenges. Here are three videos focusing on unique moments of opportunity recognition.
Entrepreneur and investor Brad Feld suggests entrepreneurs remain flexible when it comes to determining pressure points around an opportunity. Feld shares why entrepreneurs must be open to innovations and new ideas around products, but also around the actual shape of the business being created.
CEO David Friedberg tells the story of how a bicycle rental shop in the rain served as opportunity recognition for a new venture. Friedberg also outlines the initial steps in the company's startup process and product development efforts.
Box.net Co-Founder and CEO Aaron Levie recognized an opportunity to commercialize the cloud for data storage and file sharing when a number of factors changed. The changes included the dynamic improvements in data and storage efficiency, the global demand for a more mobile workforce, and the arrival of modern browsers and greater bandwidth.