Opportunities in Business
Recently I was having a discussion with one of my colleagues about business opportunities. The discussion centered around whether he should wait for governmental regulations to change, in this instance the Department of Veterans Affairs increasing opportunities for grants, or if he should launch his venture regardless of whether the regulations change or not. Its the classic dilemma, wait and miss the opportunity, launch too early and the regulations might not change.
It was a very good discussion, eventually I persuaded him to view his opportunity differently and pursue it regardless. This was hard because this particular colleague has already failed once at running his own business. My point was that his business opportunity, what drives his business, was not a change in regulation or even access to grants. What drives his business is a unique way to create value, his services involved a very specific way to teach coding, and he can be successful if he pursues his value proposition instead of waiting for the environment to change.
Will access to grants make it easier for him to create his business? Maybe, sometimes easy access to capital has its drawbacks, but even if its absent he has an excellent value proposition and this is what business is all about. Even if the opportunity or environment are not optimal a good value proposition will create more opportunities in the future.