The needs of an entrepreneur
“The real and effectual discipline which is exercised over a workman is that of his customers.” – Adam Smith, pioneer of political economyWhen do founders use market demand? People constantly need and want something. It’s rare to find a completely fulfilled human being. The demand for entrepreneurship to fulfil people’s needs is always there. Entrepreneurs introduce new knowledge into the economy and create demand where it did not exist previously. What drives the demand? The demand may feel like an obligation on entrepreneurs to know their personal brand. Customer needs are driven by you, the founder, who promote your company and focus on new business ideas. Where does market demand originate? The main purpose for a startup is the founder’s sense of demand for a certain service, product or organisation. Users hints towards demand and entrepreneurs respond. In many cases entrepreneurs build demand by introducing new offers to the market. Understanding customers’ behaviour and demands is one of the most elusive and exciting endeavours for founders. What customer demands are you satisfying? Please give us some examples in the comments beneath.