The saying “timing is everything” could not be more apt than when it comes to small business management.
Timing and opportunity are often what segregate successful businesses from those that flounder. A true entrepreneurial spirit is rooted in this belief.
Opportunity does not come dressed in a pretty package with a ribbon on top. It is often disguised as a challenge or even a plain ordinary instance.
As a business coach I suggest you start by becoming a true opportunistic enterpriser:
Remaining active in the industry is also a great way to hone the skill for recognition. Surrounding yourself with other innovative and opportunistic minds fuels the fire and provides a sounding board.
Attend conferences, webinars, workshops and training sessions whenever possible. Continuing to learn and grow is part of the process and it is why our business coaching resources put so many resources into our business learning centre.
Stay current with developments so you are never blind-sided by the industry’s growth.
View challenges and problems through a new lens. As a coach I have noticed that the likelihood that others are struggling with similar problems means that there may be an opportunity on the horizon!
Diversify your experiences in both professional and personal realms. This will provide you with the tools to recognise patterns and parallels between seemingly unrelated industries.
Beware of the classic bad opportunity apples:
Always consider the four qualities when assessing opportunities: attractiveness, timeliness, durability and value.