Technology Gaps and Opportunity
Paul Zane Pilzer in his book "Unlimited Wealth" defines "technology gap" as the difference between the best practices possible with current knowledge and the practices in actual use. Simple examples of current technology gaps would be a bookkeeper who uses hand written accounting journals to accounts receivable, accounts payable and payroll rather than using computer program like Quickbooks or Simply Accounting. Sure you can still do it the old way and it will work but current technology does it much better. Fax machine took 25 years before companies realized the great potential of these machines and now younger more internet savvy people want to use email rather than fax machines because it's easier and better for them.
Identifying technology gaps is the key to success in business. If you can find a way to do something better than its being currently done then you can help close a technology gap and make money in the process. Technology gaps exist at the national level, institutional level, in small business, and in the everyday life styles of individuals. Ask yourself: What can be done better than it could be using new technology?
In my website on small business, I show two examples of businesses that you could start based on closing technology gaps: one in personal health and wellness, one in greeting cards and one in prepaid cell phones.. Check them out to see if these opportunities are right for you.
Colm Maher
1 716 402 1615
