One of my all time favorite entrepreneurs is the co-founder of Facebook Inc, known to many as Mark Zuckerberg. This brilliant young mind has revolutionized the way we use the Internet and even the way we interact with our friends, families and colleagues. It comes as no surprise, that Mark Zuckerberg is one of the wealthiest men in the world and a brilliant “Internet Entrepreneur”.
So what is Facebook? (The Product)
Facebook can mean many different things to different people depending on what they use it for. Facebook is primarily an online network of people, these people can use Facebook for a variety of reasons, however many people are inclined to use Facebook for Social networking purposes. There are many different Networking options available on Facebook, even the option to promote your business or play games along side your friends. The easy user interface allows people of all ages to enjoy a secure social networking experience.
So what can we learn from this Entrepreneur?
The business world used to be about providing people with a solution to their problems; however times have changed and as they change people are finding ways to provide solutions to new problems that people face. This is why predicting or creating the next solution is an essential component to shaping your Zuckerberg moment. This can come from understanding the behavior of your consumers and creating a trend that people are likely to follow. Market Research and a clear understanding of your consumers will serve you well in the future and help you to take the right decisions or even avoid problems that could essentially cripple your business. These errors are often made when not enough market research is conducted, leaving much room for error. References:
-“Mark Zuckerberg Biography.” Bio.com. A&E Networks Television, n.d. Web. 18
Sept. 2013. .
“What Is Facebook?” YouTube. YouTube, 24 Mar. 2013. Web. 18 Sept. 2013. .
“Mark Zuckerberg.” Forbes. Forbes Magazine, n.d. Web. 18 Sept. 2013. .