I was intrigued by an article I read recently about a college business class assignment. Each team was given $5 to start a business and operate it for a few hours. Success was determined by how much total revenue was generated. The teams could plan all they wanted but once they opened the envelope with the money in it, a time clock started.
The interesting thing is that the best ideas (most profitable) were from those teams that didn’t spend any of the money. In other words, they started with $0 capital. The winning team generated $600 on a Saturday night. The problem they solved? Wait times at popular restaurants.
There are problems that need a solution everywhere! Entrepreneurs are the ones who decide to do something about it.