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Level 2 · Part 4

Finding opportunities in the chain

Gaps, weak steps and long chains are where new businesses often begin.

Opportunities often appear where a step is missing, slow, unreliable or expensive. They also appear when two actors could work directly together.

Test small first

An idea that looks good on paper may fail in practice. Before you invest, test with a small batch, a short trial or a conversation with a possible customer. Several opportunity pages on this site show examples, and you should check any rules and costs for your own place.

Exercise 2.4 · My opportunity

  1. From your loss walk and role notes, choose one opportunity in the chain.
  2. Write who would pay for it and why.
  3. Write the smallest test you could do in the next month.
  4. Write one thing that could make the idea fail, and what you would do about it.

Background reading for this part:

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