10 Tips To Spot Winning Business Opportunities

Looking at some of the most successful entrepreneurs and the ideas they come up with, you might wonder if they have some sort of superpower that gives them an insight into the future. But the truth is that they didn’t have much more information than you do about the world surrounding them. All they did was capitalize on an opportunity everybody else saw, but no one thought it would be worth the time and effort.

In today’s episode, Alexa D’Agostino shares 10 tips to spot winning business opportunities, with examples of how she made millions jumping on emerging trends before everybody else and opportunities she passed on because they didn’t promise enough return on a risky investment. She also discusses a proprietary tool, the DICE Calendar, which she developed with her partners to take calculated risks for long-term gains.

Key parts of the conversation:

• [0:36] - Today’s Topic: 10 Tips To Spot Winning Business Opportunities
• [1:35] - Spotting opportunities is not everything
• [2:16] - 10 things you should look out for when spotting opportunities 
• [11:55] - The DICE Calculator
• [13:23] - Recap

Great quotes from the podcast:

• “The number one thing you need to be able to do is not only spot opportunities but analyze them.”
• “I am always looking for who is doing something innovative.”
• “You don't want to be behind the trend.”
• “People don't hire us because we guarantee anything. They hire us because of the results we have had in the past.”
• “It is important to understand which opportunities are just a quick buck and which are long-term.”
• “Sometimes you just have to listen to your intuition and determine if it feels right.”
• “As an entrepreneur, you want to stay informed. You need to think critically and consider the long-term.”

Resources:

• For all of our episodes, you can visit: https://thynktankcoaching.com/podcast
• For comments or questions, email us at support@thynkconsultinggroup.com
• Alexa’s Instagram: https://www.instagram.com/dralexadagostino/
• Passion to CEO program: https://www.passiontoceo.com/