logo News
  • Home
  • Management
    Management Show More
    5 Leadership Qualities That Inspire Others In a Crisis
    Jun 23, 2025
    Do Managers Need to Make The Most Of 'Disruptive Talent'?
    Jun 22, 2025
    Is it True That Chinese Family Businesses Are "Only Three Generations Richer"?
    Jun 21, 2025
    How Does Huawei's "Learning Organization" Come About?
    Jun 20, 2025
    Note to managers: Management is not just about managing subordinates
    Jun 19, 2025
  • Marketing
    Marketing Show More
    Learn Marketing from Elon Musk: Tesla's Zero Budget Earns the Eyes of the World
    Jun 23, 2025
    Why Is It That When Promotion Is Done Well, Product Sales Become Very Easy?
    Jun 22, 2025
    Business Failure Lesson Number Two, Learn To Market
    Jun 21, 2025
    What Approach To Selling Is Needed For Different Income Groups Of Consumers?
    Jun 20, 2025
    6 Of The Hottest Recent Marketing Technology Numbers
    Jun 19, 2025
  • Entrepreneurship
    Entrepreneurship Show More
    5 lessons from startup failures for today's new entrepreneurs
    Jun 23, 2025
    Three Steps To Making Money And Getting Rich From Your Business What Are You Waiting For?
    Jun 22, 2025
    What Are The Encountered By First-Time Entrepreneurs?
    Jun 21, 2025
    Nine Principles For Starting a Business From Scratch
    Jun 20, 2025
    Against The Odds To Become a Millionaire? Think About These Three Questions First
    Jun 19, 2025
  • Company
    Company Show More
    McDonald's, one of the top ten brands in the world
    Jun 23, 2025
    Microsoft, one of the world's top ten brands
    Jun 22, 2025
    Coca Cola, one of the top ten brands in the world
    Jun 21, 2025
    Amazon, one of the world's top ten brands
    Jun 20, 2025
    Apple, one of the world's top ten brands
    Jun 19, 2025
  • Entrepreneur
    Entrepreneur Show More
    The Father Of Coca-Cola - Asa Candler
    Jun 23, 2025
    The Queen Of World Fashion - Gabrielle Chanel
    Jun 22, 2025
    Bill Gates, former CEO of Microsoft
    Jun 21, 2025
    World Newspaper Tycoon - Rupert Murdoch
    Jun 20, 2025
    One of the founders of MGM - Louis Meyer
    Jun 19, 2025
Search
Share via
Reading: How Entrepreneurs Choose Their Business Direction
logo logo
  • Home
  • Management
  • Marketing
  • Entrepreneurship
  • Company
  • Entrepreneur
Search
  • Home
  • Management
  • Marketing
  • Entrepreneurship
  • Company
  • Entrepreneur
Home > Entrepreneurship > How Entrepreneurs Choose Their Business Direction
Entrepreneurship

How Entrepreneurs Choose Their Business Direction

Entrepreneurship is the process by which entrepreneurs and their entrepreneurial partners optimise and integrate the resources they have or can have through their efforts to create greater economic or social value.

Last updated: May 17, 2025

Entrepreneurship is the process by which entrepreneurs and their partners optimise and integrate the resources they have or can have through their efforts to create greater economic or social value.
The mobile internet is mainly focused on personal life services, while "internet+" is more closely related to the upgrading of personal, small and large B businesses. In addition to the "Internet+", there are also attractive opportunities for the sinking of Internet channels, elderly services, consumer upgrading, black technology and so on.


The first step is to understand the macro trends and the current global industrial structure, and it is not difficult to find traces of future development directions.
As developing countries develop, the share of agriculture and manufacturing will also decline rapidly, and the share of services that support or replace the development of agriculture and manufacturing will increase, and the structure of overall GDP will change as a result. Other service industries will also be upgraded as a result of rising consumption levels, the emergence of new high-tech platforms, and the upgrading of agricultural manufacturing.

Step 2:Upgrading of industries, choice of industries
When the industrial structure is further expanded, it will be found that there are not only Netflix platforms, various e-commerce, VR/AR to change and upgrade a vertical industry with an efficient Internet model will also avoid the opportunity to follow the trend to obtain a large enough imagination space. Summarized the basic framework of industrial upgrading, the content and key points for personal summary, I will also often deny themselves so may not be completely correct, only for entrepreneurs to develop ideas.

To sum up, according to the three categories, the reliable opportunities are mainly:
A: from the open source perspective to assist the development of various types of enterprises
This refers to services for small and large enterprises, all kinds of self-employed business level, cannot really help operators to save money or open source money services market is very difficult to open, then choose to cut costs or open source? Open source is often a higher priority than cutting costs.
B: Internet and services to the county and rural areas down, to the elderly groups to accelerate the spread; help people more money, help people more consumption.
In the past few years, the mobile Internet has immersed itself in every aspect of urban life, and it is difficult to find a big breakthrough again. But as society evolves, the opportunities are still there.
The internet industry is already well established, but there is also a huge market for manufacturing, construction, chemical industry and many other sectors, and there are unmet needs for recruitment, training, employment, entrepreneurship and financing.
If entrepreneurs have basically lost interest in continuing to understand, how can people who do not see the opportunity but see the difficulties in their eyes make a breakthrough and succeed in a capital recession? There is also a class of entrepreneurs also a lot, can see some money 'opportunity, but ignore the market direction, if it is to help a group that should have been eliminated by the times to make money, then it can only be a business, it is difficult to have the value of capital investment, by helping the rise of the group faster to get the market is easier to make money is also easier to get the favor of capital.


Technology: new technology, new platforms
The arrival of new technology and new platforms makes entrepreneurs and capital excited and impulsive, VR, AR, robotics, driverless and other exotic high-tech hotspots do not seem to be affected by the capital winter too much, but look at the opportunities that can be accommodated in the market space of these directions, these areas of entrepreneurial projects are bound to be dead and injured, the probability of entrepreneurs doing the denominator in the overheated direction will not be much smaller than shaking the number. Becoming the numerator also requires a high level of sophistication equal to that of the numerator. Such areas are not something that can be done, but rather to be one in a thousand or even one in ten thousand people.


Step 3: Selection of feasible directions, external analysis
1, Brief analysis of listed companies & benchmarking
When a certain industry is selected, how to find a specific direction? In addition to focusing on the layout of Internet companies, the more important competitors will be listed companies in traditional industries.
2,Analysis of the unlisted competition pattern
In some industries, the market share of the first place company can exceed 50%, while in others, the Top5 companies have the ability to be listed independently, and the same reference to the global market can be quickly derived from the pattern of related fields.

Step four: the direction that suits you, internal analysis
After basically meeting the conditions of the previous direction assessment, the team needs to conduct a self-assessment for this entrepreneurial direction. Too many entrepreneurs are blindly optimistic, even those with a more senior BAT background, and are often prone to rush into the red ocean and choose an overly detailed market segment.


A very crude algorithm is used to represent the average probability of success for startup teams in Internet-related industries.
Startup success probability ≈ investment success probability ≈ (sector size/$100 billion) / number of startup teams in the window.
This can show that both start-ups and investments choose to follow the direction of the easy red sea, too niche areas are not worth investing in.


TAGGED: Entrepreneurship, Entrepreneurs, Capital
Previous Article Oil King - Paul Getty
Next Article A senior executive's understanding of Bill Gates's secret of success

Most Popular

5 Golden Rules To Help You Improve Your Management Skills!
Management Jun 08, 2025
How Can I Improve My Chances Of Success In Business?
Entrepreneurship Jun 17, 2025
The Secret Of Female Ceo Promotion: Stability And Focus Are Most Important
Management May 29, 2025
Learn Marketing from Elon Musk: Tesla's Zero Budget Earns the Eyes of the World
Marketing Jun 23, 2025
What is differential privacy? How will it affect marketing?
Marketing May 30, 2025
McDonald's, one of the top ten brands in the world
Company Jun 23, 2025

You Might Also Like

Entrepreneurship

5 lessons from startup failures for today's new entrepreneurs

Jun 23, 2025
Entrepreneurship

Three Steps To Making Money And Getting Rich From Your Business What Are You Waiting For?

Jun 22, 2025
Entrepreneurship

What Are The Encountered By First-Time Entrepreneurs?

Jun 21, 2025
Entrepreneurship

Nine Principles For Starting a Business From Scratch

Jun 20, 2025

Copyright © 2025 busiis.com. All rights reserved. User Agreement | Privacy Policy