logo News
  • Home
  • Management
    Management Show More
    Note to managers: Management is not just about managing subordinates
    Sep 13, 2025
    Management Story: Different Destiny of Three Birds
    Sep 12, 2025
    Management practice: five temptations that leaders must resist
    Sep 11, 2025
    What is the key to management?
    Sep 10, 2025
    Three biographies that every leader should read
    Sep 09, 2025
  • Marketing
    Marketing Show More
    When Gifs Become "Social Currency"
    Sep 13, 2025
    How to Play Location Marketing Well
    Sep 12, 2025
    6 mistakes to avoid in marketing automation
    Sep 11, 2025
    How does the platform attract advertisers and users
    Sep 10, 2025
    Marketing technology MarTech is so popular, but what is it doing?
    Sep 09, 2025
  • Entrepreneurship
    Entrepreneurship Show More
    To entrepreneurs: How to correctly break out your "ambition"?
    Sep 13, 2025
    How Entrepreneurs Can Research And Assess The Feasibility Of Their Business Ideas
    Sep 12, 2025
    Mastering four abilities makes entrepreneurship easier!
    Sep 11, 2025
    Ten Open Secrets You Need To Start a Successful Business
    Sep 10, 2025
    Investing In An Off-The-Shelf Company Is Also Entrepreneurial
    Sep 09, 2025
  • Company
    Company Show More
    Comcast Telecommunications Corporation, Usa
    Sep 13, 2025
    Nippon Telegraph And Telephone Corporation
    Sep 12, 2025
    Mitsui & Co.
    Sep 11, 2025
    Hyundai Motor Company, Korea
    Sep 10, 2025
    United Parcel Shipping Services
    Sep 09, 2025
  • Entrepreneur
    Entrepreneur Show More
    John D. Rockefeller, Founder Of Exxonmobil, Usa
    Sep 13, 2025
    Jonathan Schwartz President of Sun Corporation
    Sep 12, 2025
    Oil King - Paul Getty
    Sep 11, 2025
    Ruth Handler, Creator Of The Toy "Barbie"
    Sep 10, 2025
    Eric Emerson Schmidt, Chairman of Google
    Sep 09, 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: Aug 19, 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 How Entrepreneurs Can Research And Assess The Feasibility Of Their Business Ideas
Next Article Hyundai Motor Company, Korea

Most Popular

Indian Oil Corporation
Company Sep 08, 2025
Discover the top five sources of entrepreneurial opportunities
Entrepreneurship Sep 07, 2025
Three biographies that every leader should read
Management Sep 09, 2025
How Does Letv Super Tv Unlock The Value Of Marketing As It Taps Into The $100 Billion Ott Market?
Marketing Sep 08, 2025
Investing In An Off-The-Shelf Company Is Also Entrepreneurial
Entrepreneurship Sep 09, 2025
How To Customise The Perfect Business Plan
Entrepreneurship Sep 06, 2025

You Might Also Like

Entrepreneurship

To entrepreneurs: How to correctly break out your "ambition"?

Sep 13, 2025
Entrepreneurship

How Entrepreneurs Can Research And Assess The Feasibility Of Their Business Ideas

Sep 12, 2025
Entrepreneurship

Mastering four abilities makes entrepreneurship easier!

Sep 11, 2025
Entrepreneurship

Ten Open Secrets You Need To Start a Successful Business

Sep 10, 2025

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