Many of us have heard the term "entrepreneur".

What is the difference between an entrepreneur and a traditional entrepreneur?

To put it briefly and clearly, traditional entrepreneurs like me tend to do business without incident, while entrepreneurial entrepreneurs tend to be innovative and different from others. When people hear the word "innovation," they shrug. They think that it is too difficult to innovate. Like Edison inventing the electric light bulb, They ran and saw the invention of an airplane like the Ray Nynaung. It is true that some innovations are difficult, but some innovations are simpler than you think. For example, let's say that your competitor's tea shops tend to close at 11pm. Opening your shop all night is also a kind of innovation.


Today, we are introducing 5 innovations.

(1) Evolution

Thinking about how to make improvements in the currently operating businesses and making small changes is also a kind of innovation. For example, the cars we drive have gradually improved over the years. The speed is getting higher. Disaster prevention is getting better. It's more comfortable to ride. Entrepreneurs own business, You should always be thinking about how to improve your products and services. For example, the ratio of making tea at a tea shop, Used tea, Trying to make it taste better while modifying condensed milk etc.


(2) Synthesis

Combining existing products or services to create a new one. For example, the iPhone produced by Apple is a composite product. Products that have been in the market for a long time, such as music players, When the mobile phone and Internet communication tools were combined, it became the popular iPhone. In teahouses, boiled beans are put into Irak Kwe and sold. As a would-be entrepreneur, you should keep your eyes and ears open and think about what combination of things will be popular.


(3) Total change and creation (Revolution)

It is a kind of revolution and innovation to the standards accepted by the current people. For example, while competitors are producing high-quality oil lamps and candles, they invent the electric light bulb. While competitors were producing beautiful and boastful horse-drawn carriages, they were developing automobiles. Entrepreneurs own their business, You should keep an eye out for innovations that can make products and services disappear from the market. For example, CD rental shops sell CDs, MP3 music listening devices, When the phones appear, it will affect your business, so if you can't make changes to your business in time according to the latest innovations, you will lose the market and face losses.

If you can use international innovations early in your own country's business, you can be one step ahead of your competitors.


(4) Reapplication

It is a kind of innovative idea to change and use some material in another place. For example, shipwreck plane crash It's like repairing a broken bus and creating a restaurant. We use glue to stick paper and things. I was inspired by that glue and developed a healthy wound adhesive to glue people's wounds without needing to sew them up. If you can think and innovate like this, you are often ahead of others in business.


(5) Creating a changing direction (Changing Direction)

In ancient times, people taught orally from the old generation to the new generation to solve the problem of the gradual disappearance of valuable knowledge. People with a good memory are sought out and praised. Oral teaching is a problem solving method. It's not the only way. leaves paper, When stone writings were invented, there was no need for oral memorization, and it became easier to preserve the genealogy. It's creating a change in direction. (It's a bit similar to the creation of an overall change (Revolution).)

Another example is the Covid-19 that infects people and kills them. To combat it, they are focusing on preventing the spread of the disease internationally (wearing a mask, washing hands, avoiding crowds) and developing and distributing vaccines.

But this is one of the solutions to the problem. It's not the only way. Creating a change of direction means finding a new way to overcome this disease. For example, sound or vibration or some kind of radiation can kill the virus before it enters the body. If you hang that little device around your neck, you can't get infected anymore. (I'm talking about logic for a moment as an example.)

I don't know that way either. If you can spread this knowledge to the world, you will enter the world's richest list overnight.

(It's not enough just to innovate. We also need to expand the market.)