An Entrepreneur Idea You Can Try Right Away

Many people find it hard to grasp what an entrepreneur does or how they operate. In this article we explore some of the typical tasks of an entrepreneur and conclude with a simple example entrepreneur idea.

The first task of an entrepreneur is to have an idea. The next phase is to research that idea and establish its level of feasibility and finally, when all the information is before them, they decide whether to go ahead with the project or just file it for a later date. If they decide to go ahead, they will then go on to the next phase which is finding venture capital.

This is a simplified explanation but serves to give some concept of how these projects are carried out. Especially important is the demand research. Most entrepreneurs hate to go into established and often saturated markets because competition is not something they enjoy and making money is the goal. So plunging good money into a market where other entrepreneurs are already established can be suicidal from a business perspective.

Entrepreneurs work with concepts like compounding capital, returns on investment, speed of returns, economies of scale and other important business concepts.

An example of an entrepreneur idea is the following.

If we look at newspapers, and their pricing, we realize that there is something significant about the prices. Namely that they will charge an advertiser less the more space he/she buys. This is an opportunity to leverage that pricing into an income. A paper may charge $400 for a quarter page ad, but only $800 for a full page. The reasoning is obvious. They need to fill their spots quickly due to deadlines and full page buyers are always more welcome than their intensive maintenance cousins who buy quarter pages or line ads.

So a typical entrepreneur idea is to leverage that price discrepancy. They find 4 quarter page buyers each week and supply some design service. But here is why the entrepreneur can't lose. He charges his customers only $290 per quarter page. Over $110 cheaper than they can buy it from the paper themselves. If you were an advertiser and wanted some business exposure, who would you buy your advertising from? The paper directly or the entrepreneur at a deep discount?

This type of idea is typical of what the successful entrepreneur looks for in a project. Leverage, passive income, economies of scale and high probability of success and also all at the same time, deliver real value to their customers.

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Entrepreneur Ideas - For the Beginner

For many, it is a mystery exactly what an entrepreneur does, however most have some fair idea that they are business people. This is only half the truth, entrepreneurs are essentially deal makers and ideas people.

An entrepreneur uncovers existing circumstances which he sews together into a deal. An entrepreneur typically focuses in certain areas of expertise, however they are more interested in the manufacture of money than having any sort of loyalty to any particular business area.

Most successful entrepreneurs have a projects archive. An idea that has some "legs" is typically investigated thoroughly and the results recorded and filed if the individual cannot act on it immediately for any particular reason, or the idea may just prove not to be as viable as first thought.

This type of feasibility study is crucial in any venture. A list of questions is created surrounding the product or service developed for the idea. Actual potential customers are poled for their opinions and their responses meticulously recorded. This type of documentation is crucial for securing private venture capital and is part of the "burden of proof" a successful entrepreneur offers potential financial backers.

With a well defined feasibility study in his/her brief case, an entrepreneur can leverage this document and the project summary by simply sending it off to his lawyer, who will fax it off to various interest groups that may be willing to fund the project. Getting venture capital is one of the most important roles for an entrepreneur as they rarely use their own funds to develop a project because they would be too close to it and their vested interest can muddy the clarity of their decisions.

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Small Business Software

Small business software is a booming industry. Nowadays, every type of business needs to manage its movements and record every action using computer software. Business software is designed to help with the administration and maintenance of a business. Of course, small businesses are no exception to the rule.

Small businesses and corporations can use general purpose software, a custom implementation that meets their specific needs, or a hybrid that combines both elements. The choice of which approach to use depends on the type of business as well as the size of the economic budget that is going to be spent on organization via computer software.

One of the simplest ways for a business to start operating using computer software would be to use the free Open Office suite of applications, which is similar to MS Office. The difference is that Open Office is free while MS Office (Microsoft Office) costs a considerable amount of money for a small business.


Except for the two alternatives just described, a business can choose to hire a developer to "craft" software that meets the corporation's very specific needs. This approach is the most costly one since the development cost of the application is going to be covered only by the corporation who ordered it.

Finally, small businesses can go about using ready-to-use applications as well as a few very specific custom ones that are developed specifically for the exact needs of the corporation. This approach is located somewhere between the first (less expensive) and the second (most expensive) choices.

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