Entrepreneur.com Daily Dose Blog

Looking For a Business Concept? Think Big

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This much seems true: Entrepreneurs who start businesses that are in line with their field of expertise, such as startups that follow in the professions of corporate jobs their owners once held, are 40 percent more likely to make it, according to the book Race and Entrepreneurial Success.

But how do you narrow that down and find a niche that no one else has? One way to go is to think big. We're not talking just about dreaming big; we're suggesting that businesses that take into account America's historic weight gain might have an edge. The average American is 24 pounds heavier than in 1960 (so much so, in fact, that a University of Illinois study finds that the extra pounds have actually weighed on our fuel consumption because cars take extra gas to push all that ... well, you know).

And so, we recently came across a great niche business that is clearly thinking big: Dos Pistolas surfboards in Santa Cruz, Calif., makes boards especially "for surfers who weigh 160 pounds and over."

Sounds simple, but it's genius. You gotta think that most male surfers in their 20s and beyond weigh more than 160 pounds. But the surf industry is teen-driven. For a few decades now, board "shaping" has been geared toward high-performance, light-on-their-feet surfers. The thin, hard-to-float boards became so pervasive that easy-to-cruise longboards have made a serious comeback. The problem is that longboards sacrafice performance in the name of buoyancy. Unless they order custom-shaped "sticks," big guys who wanted to rip were out of luck.

Dos Pistolas is a classic niche leader that looked at a problem (big guys wanting high-performance boards) and came up with a simple solution.

As they say in surf culture, go big.

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3 Comments

How much impact does the web have on our economy right now? Are jobs being lost and companies suffering because of the millions (billions?) of dollars moving online? I have to believe so. Just look at the record number of online video streams the news channels received on inauguration day. This demonstrates a huge shift in how people receive information and how we market to them. What about types of companies to start-up? Look at the scalability options of the web...huge! And the overhead is potentially lower. The world is shifting right now and there is big potential to ride a big wave (had to throw in that analogy).

http://theoctopussolution.blogspot.com/

Also, one thing to keep in mind: the best ideas are born out of necessity. Ask yourself: What would make MY life easier? What service/product can I improve to help me? Usually, what helps you can help thousands... Though I still think everyone should consider tried and true methods, such as investing. Maybe you hear of a good idea and want to get involved. Great way to do it. ( Read "The Pizza Delivery Millionaire" by Rick Vazquez. He has great ideas on how to invest and become financially free; best of all his book is simple and easy to understand.) Sometimes the best ideas are the simplest...

I agree that coming up with the right business start up idea is quite hard, but you need to be sure because it's what you need to deal with for a long time in the future. I think the best way is to look at the world and the economy as it is right now and figure out what people need and are looking for and of course take into account what you are good at. With all those factors together, some good ideas should emerge.

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