F430
New Contributor
Hi everyone,
Name is Derrek, 23y old. I've read pretty much every business/management/ entrepreneurship book I could get my hands on. Won an entrepreneurship contest a year or so ago when I started a business - selling chocolate fruit liquor to restaurants- had to pull the plug due to lack of financing and honestly market desire was probably lower than expected.
Have some side projects that generete about 300-400$ in passive income but nothing serious. I want to help MILLIONS.
Ive been writing down problems/annoyances/ideas down every day for a long time now, and I might have discovered a hidden opportunity yet Im not sure if it would be a commodity (thus difficult to 'stand out'). Its within the fashion industry. How do we determine whether it is seen as a commodity or not? Price elasticity is pretty tricky to calculate here as oppose to let's say, toothbrushes.
Also made some surveys that Ill be handing out to people at my gym tomorrow to find out if what I thought was a problem is also experienced by others- this is taking an effectual approach at another 'idea' I might have though I F*cking hate the word idea
hoping to learn a lot here from like minded-
best
Name is Derrek, 23y old. I've read pretty much every business/management/ entrepreneurship book I could get my hands on. Won an entrepreneurship contest a year or so ago when I started a business - selling chocolate fruit liquor to restaurants- had to pull the plug due to lack of financing and honestly market desire was probably lower than expected.
Have some side projects that generete about 300-400$ in passive income but nothing serious. I want to help MILLIONS.
Ive been writing down problems/annoyances/ideas down every day for a long time now, and I might have discovered a hidden opportunity yet Im not sure if it would be a commodity (thus difficult to 'stand out'). Its within the fashion industry. How do we determine whether it is seen as a commodity or not? Price elasticity is pretty tricky to calculate here as oppose to let's say, toothbrushes.
Also made some surveys that Ill be handing out to people at my gym tomorrow to find out if what I thought was a problem is also experienced by others- this is taking an effectual approach at another 'idea' I might have though I F*cking hate the word idea
hoping to learn a lot here from like minded-
best
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