Michael Newman’s latest é-Wealth Daily’ article is titled “Opportunities Are Everywhere”. [‘e-Wealth Daily’Article]

Michael Newman’s latest ‘e-Wealth Daily’ article:

Opportunities Are Everywhere

It may sound strange, but even as the economy shrinks, opportunities abound. After all, changes, whether good or bad, always open up avenues for exploration and produce new opportunities. The fact is that when things change, new opportunities become available; people’s needs change, and so do businesses.

The key to finding an opportunity is to look around and see what can be done to improve a given situation. For instance, right now companies and people are looking to save money more than they were a couple of years ago. So, if you can provide a service that is capable of saving money for people somewhere down the line, you’ll be in decent shape.

I recently read a story in The New York Times about a software design entrepreneur who lost it all. He had a successful business that was booming, and he figured the contracts he’d secured would make his business a cash cow well into the future. When his clients backed out of their contracts, he was forced to head back to his entrepreneurial roots and find another way to put food on the table.

What he did was change from developing software for Fortune 100 corporations to creating a Web-based product for companies and organizations on a smaller scale. The new product is an event-planning system that will help organizations schedule and keep track of events, and hopefully save them money in the future, because they will be organized.

By heading back to the drawing board and taking a look at where new opportunities were available, he was able to spot an area — completely unrelated to what he was doing before — that could be serviced. A few months later, his new business was up and running.

If your business isn’t quite performing these days because of the economy or other reasons, it may be time to look for ways to tweak it, or change course altogether. The key is making sales, so if your product or service isn’t selling, you may need to change more than just your marketing campaign. Start testing out other ideas or come up with a new way to shed light on your business that will make it appealing to customers.

e-Wealth Daily

About e-Wealth Daily

The e-Wealth Daily Bulletin brings you daily tips, advice and breaking news related to home businesses, small businesses and internet marketing. Our team of experts gives you the information you need to take your business pursuits to the most profitable level. Founded by Adrian Newman in 2003, the e-Wealth Daily Bulletin and www.ewealthdaily.com are a division of Lombardi Publishing with online newsletters reaching over 100,000 subscribers each month.

* IMNewsWatch would like to thank e-Wealth Daily for granting permission to reprint this article.

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