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Entrepreneur Opportunity-Identifying Excess Intrinsic ValueOpportunity is everywhere and most successful Entrepreneurs are not so much concerned with finding opportunity as they are with finding the most juicy opportunity. Simply because time is precious and compounding the seed capital account is a race against time. By growing the seed capital account exponentially we make a good dent in the million dollar goal pretty quickly, but its excess intrinsic value that takes us there. When I first started compounding money, I found an interest I could specialize in. This instantly gave me a market to study and monitor. Knowing your market is crucial to uncovering excess intrinsic value. Without which you would be traveling blind.
By knowing what the likely "quick sale" price is of the existing investment object before you, you can definitely make rapid choices and know quickly which deals to discard and which to pounce on. I am a quick study and I tend to find innovative and original ways to achieve my goals. This is no exception. I have dabbled in the stock market and although I never really took to it because there is simply no capacity to influence direct control over the outcome of any particular share price, I did actually take away a very valuable skill with my experience. Chart reading is a simple way some investors trade the share market, but it has excellent applications in our business. Having a close handle on pricing using the comparative model of price assessment is as we all know, not particularly accurate. But knowing where the price has been and where it is currently going in your respective specialization is guaranteed money in the bank. By using some simple chart reading methods that any stock market book can teach you, you can get a handle on spikes and troughs of your particular market. My local residential real estate market has been mapped for five years now. I have a large visual chart on my office wall and also on my computer. I look at it every day. The information is readily available at your local town planning department as the authorities do the same thing I am suggesting here for their own reasons. They like to keep there property taxes up to date. The information is usually free or you can get it in printed form for a small fee. Using charting to identify a growing bubble of prices has other advantages too. Of course not everybody does this, so meeting the occasional vendor and indeed even the real estate agent, who will often have little clue about the increased current demand and the resulting immediate spike in prices people are paying. This makes for some very fast deals if you are so inclined. My passion is boats, yacht's and sea going cruisers. I enjoy this market and trade regularly. Of course, I had to eventually get my brokers licence, but that was not difficult at all. I find unlike real estate, marine craft are very emotional purchases by well heeled individuals. Usually new money, their desire is to experience a life owning a yacht or cruiser. These decisions for them are purely emotional. The shinier the chrome the more they pay. Its a case of "spare no expense" within reason. I have a relationship with the local associated trades, where I often sell up my prospects by throwing in a new galley or a brand new respray and relaunch of the vessel. It certainly ads value and costs me little in time or money yet the deals get much bigger profit wise after the added value is paid for. I find its all about perception. Martin Thomas (c)2005 Martin is a professional investor and Entrepreneur. If you would like to discover more about being an entrepreneur, you can read "The Million Dollar Mentor" by Hayden Muller. Martin recommends this work highly and has used the very concepts contained in the work for his own successful entrepreneurial activities.
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