During my freshman year in high school, I identified an unmet need that I was able to capitalize on. While scrolling through Craigslist looking for items that I could buy and then resell for a profit, I identified one market that I did not feel had been exploited. The opportunity identification was that of the overwhelming surplus of military gear owned by veterans. I noticed that most of these veterans were not willing to take the time to sell their gear piece by piece, but that they were willing to sell their collective gear in one lot for pennies on the dollar.
Throughout all of high school, I bought approximately a dozen different compilations of military gear from veterans, and I was able to resell the gear on eBay and at flea markets and yielded considerable profits. This was perhaps my first venture of entrepreneurship, identifying an unmet need, exercising opportunity identification.
I enrolled in ENT 3003 to help shape my knowledge of entrepreneurship as well as to help develop my entrepreneurial skills. This course is also a requirement for me to earn my BSBA.
Reece,
ReplyDeleteI loved reading your story and definitely think you have that business mindset necessary to succeed in the industry. The whole concept of reselling and flipping items is known to generate profits but the methodology of conducting business is what takes you the extra mile. Using innovation such as Craigslist, and focusing on a community of veterans is creative and rare; being rare makes it an "opportunity" you can build upon or learn from as an entrepreneur.
Enrolling in ENT 3003, I hope you gain the knowledge to reinforce your mindset and inspire you to do a greater job as an entrepreneur.
Good luck!
Reece,
ReplyDeleteYour story sounds very interesting to me. It seems like you already started your business. Selling things is a pretty awesome skills that I am not really good at. I wish I could do that as well. But anyway, it's awesome that we all wanted to learn about entrepreneurship and finally become a entrepreneur. Hope you can reach your goal in this class.