> What similar opportunities are we missing today?
Something You have not done yourself or something for what You have not paid to someone else to do.
Life is complicated, it is very typical when appear opportunity but nobody use it. Because to use opportunity need 3 things:
1. The will.
2. Enough qualification (or enough IQ and time to learn).
3. Free (!!!) resources or cheap borrowed funds.
If only one thing from list is missing, it become extremely hard to use opportunity. For example, I live in Ukraine, and even without war, regulations in country are so prohibitive, that many services are not enter country or enter with severe limitations, like Paypal only enter with private accounts, but business accounts are not available in Ukraine.
Yes, You understand right, idea cost nothing, but ability to implement ideas worth billions if find fertile environment.
And yes, I spent lot of time to find ideas and I could share with You high level information on how to find (or generate) ideas. Just let me know if this theme is interest for You.
Yes, of great interest! And in particular I'm interested in how to make do in environments full of prohibitive regulations that make it difficult to do anything, because I live in Argentina.
What I learn in Usenet and on early forums, to avoid discuss country regulations, so I will not promise to support this branch of discussion.
But well, as you ask, for about prohibitive regulations, we in Ukraine made (and making) two things.
First, we are practically motherland of anarchy, and was few multiple years periods, when country live without government and without regulations.
You could read about deregulation in books of
also I myself like Ostrom, Elinor (1990). Governing the Commons: The Evolution of Institutions for Collective Action.
Second, when government become powerful, we read prohibitive as it is - we just avoid made business in prohibitive niches. Because of this appear paradox, government and armed forces said that country need rockets, they even allocated large budgets to buy rockets from private companies, but nobody make rockets as they are prohibited.
In some cases, possible to make virtual business or semi-abroad - it is possible to create business in US or in EU (or other countries with adequate regulations) and hire people remote.
As conclusion, I mean, the best way to deal with prohibitive regulations is just flee abroad, to country with more adequate regulations, and you could from abroad support deregulation struggle if you wish. But if it is hard to flee, you could try to open business abroad.
I usually state: for use opportunity, you must run business.
Well, must admit, this is not only way, but most effective.
Also possible to use opportunity in educational environment or at community or in government organization. But from organizational science, all of these are just special type of business - educational business, or business owned by community , or business owned by government.
And yes, many people are practically running business, but don't think it is business. And this is very serious problem for economy, because they use this opinion "not a business" as consideration to avoid vital business transactions, and thus killing opportunities.
Yes, I agree, providing more info you become more vulnerable.
No, at concurrent market appear more priority matters.
You sure hear about Queueing theory, and may be you know, when execution unit wait for something, this time subtracted from max performance, and in worst case EU could wait 100% of time, so performance will be zero, no matter how fast EU could run ideal case.
How this apply to economy - business do many things without guarantees, only based on trust ("business is all about trust" - you could make big table with this phrase and hang it on the wall as icon).
In low tech business, typical to invest large resources to stored things, so people could just pay money and got product immediately, and do not wait until it will arrive from fields.
In high tech business appear additional dimensions, investments made into r&d and into prototypes of products, before mass production.
Services are just genuine trust, as in many cases you cannot know if service suitable for you before use it, so you should buy small amount of service or service business should spent some amount of it's resources to make gifts to try.
Any way, in many cases, need significant amount of borrowed money to start business or to scale business, and the more trust have subject, the cheaper will be borrow for him.
Statism is usually considered State as intermediary, who in theory should guarantee deals and even borrow cheap money, but this scheme is very limited and vulnerable for not good enough persons, because State itself must got resources somewhere to store them and to have something to share. If state have no spare resources it cannot guarantee anything. Not good persons use lot of tricks to force people to give their resources to State, and in extreme case just use violence to pick up resources from their owners (sure, this is bad for trust and killing free market).
Ideal business as I said before, called for trust. For example exists Islamic banking, which is extremely similar to idea of Venture Fund, and invented because for Muslims prohibited to give money for percents. So they create business with acceptor of money and got share in this business, and involve in this business to control that money will be spent wise.
And the last I should say - some people think, business could grow on internal money, just constantly withdraw some small amount from money circulation and reinvest these money into business grow.
Well, this scheme is working, but exists one problem - many business opportunities are limited in time, exists sort of time window (you could read more on this in ballistics or in space science, they use term as usually exists positions of planets, most energy effective). You could use such opportunity only if you will do things fast enough, so create your product or service before time window closed.
And grow on internal resources is very slow, usually it is just few percents faster then inflation, but to finish inside good time window in many cases need large investments, tens percents of turnaround or even more than turnaround, so without cheap borrowed money business will lost opportunity.
But to borrow money need to show clear enough organization; you may hear about Due Diligence, but I think you are not know, that Due Diligence is usually much more strict and deeper than tax reporting. So conclusion - to have more success in using business opportunities, you must share much more information than to just deal with state regulations.
Things looking even worse if we look on insurance and on finance transactions - typically insurance and finance transactions fees are depend on trust, so very high probability, semi-hidden business will constantly lose few percents of turnaround, and will be even more limited in using opportunities.
More detailed on this you could read in books from Acemoglu, Mises, Elinor Ostrom.
Something You have not done yourself or something for what You have not paid to someone else to do.
Life is complicated, it is very typical when appear opportunity but nobody use it. Because to use opportunity need 3 things:
1. The will. 2. Enough qualification (or enough IQ and time to learn). 3. Free (!!!) resources or cheap borrowed funds.
If only one thing from list is missing, it become extremely hard to use opportunity. For example, I live in Ukraine, and even without war, regulations in country are so prohibitive, that many services are not enter country or enter with severe limitations, like Paypal only enter with private accounts, but business accounts are not available in Ukraine.
Yes, You understand right, idea cost nothing, but ability to implement ideas worth billions if find fertile environment.
And yes, I spent lot of time to find ideas and I could share with You high level information on how to find (or generate) ideas. Just let me know if this theme is interest for You.