Jim Stovall, blind at 28, founded the Narrative Television Network. As a guest on Entrepreneurs Club Radio, he mentioned that when anyone says “someone should do something about that,” that’s an entrepreneurial opportunity. That someone should be you!
John Allin, a recent radio guest, had a snow plowing company. When the snow got so deep and there was nowhere else to plow it, he asked himself how he could find a way to get rid of snow. Was there some magic he could use to make it disappear? Out of necessity, John invented the Snow Gator, a truck that stored, then melted the snow. It was so popular that he sold his original company and concentrated on marketing the machine. Each truck retailed for $250,000. The Snow Gator became popular worldwide, with his biggest account being the City of Moscow, Russia. The idea was right there all along, John just had to find it.
Tony Bass, founder and CEO of Super Lawn Trucks, was also a recent guest on our radio show. Tony had a struggling landscaping company and tried to figure out how he could streamline his operation to make a profit. He concluded that with a
properly set up truck he could cut the time between servicing each customer. If he could reduce the time between service calls by 50%, his profitability would increase geometrically. Tony designed his truck, developed a new style of hydraulic ramp to easily move his lawn gear in and out, and became very profitable. He was
awarded several patents on his idea and decided to sell his trucks nationally
for around $50,000 each. Again, the idea was right under his nose, found it, capitalized on it, and developed another business.
Is there a million dollar idea right in front of you that you haven’t seen? Look harder, there may already be some gold around you that’s ready to be mined!