{"id":3518,"date":"2014-06-27T23:24:00","date_gmt":"2014-06-27T23:24:00","guid":{"rendered":"https:\/\/crossoceanfund.com\/?p=3518"},"modified":"2023-03-09T00:17:49","modified_gmt":"2023-03-09T00:17:49","slug":"how-to-say-yes-when-an-opportunity-is-outside-your-wheelhouse","status":"publish","type":"post","link":"https:\/\/crossoceanfund.com\/how-to-say-yes-when-an-opportunity-is-outside-your-wheelhouse\/","title":{"rendered":"How to Say &#8216;Yes&#8217; When an Opportunity is Outside Your Wheelhouse"},"content":{"rendered":"\n<p><em>This article was originally posted on&nbsp;<a href=\"http:\/\/www.wework.com\/magazine\/knowledge\/say-yes-opportunity-outside-wheelhouse\/\" target=\"_blank\" rel=\"noreferrer noopener\">WeWork<\/a><\/em><\/p>\n\n\n\n<p>They say that opportunity doesn\u2019t knock twice. The truth is that opportunity may<em>never<\/em>&nbsp;knock on your door. It might only be a tap on the back window. We often narrow our view of opportunities to our own comfort zones or fields of expertise, but this causes us to miss out on a world of possibilities. Saying \u201cyes\u201d to unexpected opportunities outside our expertise can open new doors and lead to great success.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Getting Outside Your Comfort Zone<\/h3>\n\n\n\n<p>When my husband and I lived in Turkey, we dreamed of moving to the United States. Shortly after we married, we moved to San Diego with two suitcases. I had always loved fashion and hoped to start my own business in design.<\/p>\n\n\n\n<p>However, during my husband\u2019s thesis project, we discovered an opportunity in the field of medical testing. It was a competitive field, but there was plenty of room for growth and new players. We knew absolutely&nbsp;<em>nothing<\/em>&nbsp;about medical testing, but during dinner one night, we decided to take the plunge, anyway. It was a good strategic opportunity. We dove in.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Why Enter a Field You Know Nothing About?<\/h3>\n\n\n\n<p>I never would have guessed that we would enter the medical field, but it proved to be fulfilling and rewarding. We have been growing a business, rather than&nbsp;<em>waiting&nbsp;<\/em>for something perfect that might never come. If you sit around waiting for the perfect opportunity, you become a wisher instead of a doer. I wanted my dream to become a reality.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">One Opportunity Leads to Another<\/h3>\n\n\n\n<p>As you enter a field and begin establishing yourself, even more opportunities arise. Several strategies can ensure that your business isn\u2019t missing out on chances for growth.<\/p>\n\n\n\n<p><strong>Start small.&nbsp;<\/strong>We worked out of our home for our business\u2019s entire first year to reduce costs. As a result, we never needed to pursue outside funding. This made things simpler, easier, and more flexible at a point when many startups feel chaotic.<\/p>\n\n\n\n<p><strong>Frequently revise your business plan.&nbsp;<\/strong>We began by selling only a few products online, but we soon saw unexpected opportunities in laboratory services. We made some big changes to our business plan, and lab services now make up&nbsp;<em>half&nbsp;<\/em>our revenue.<\/p>\n\n\n\n<p>If we weren\u2019t willing to revise our plan, we may have lost that revenue to competitors. We also decided to expand internationally. We had demand for international dealings much earlier than expected and revised our business plan again. International business now makes up one-third of our revenue.<\/p>\n\n\n\n<p><strong>Watch the market.&nbsp;<\/strong>Educate yourself and your team on a continual basis. This may seem obvious when you enter a new field, but you must keep up the practice to regularly find new opportunities. Attend industry events and read industry publications and blogs to foresee approaching trends. Your observations will help spark new ideas for your company.<\/p>\n\n\n\n<p><strong>Listen to your customer.&nbsp;<\/strong>Your customers can give you insider information on upcoming trends that you won\u2019t learn at trade shows or in publications. The best way to learn their pain points is to speak with them directly and understand their experiences in your field.<\/p>\n\n\n\n<p><strong>Keep an open mind.&nbsp;<\/strong>No matter how long you\u2019re in the business or how successful you are, you will never know&nbsp;<em>everything<\/em>. Be prepared to learn something new every day so you can be ready for opportunities.<\/p>\n\n\n\n<p><strong>Design operational processes that embrace change.&nbsp;<\/strong>As you grow, keep in mind that processes need to adjust with new products and services. Create an easy workflow of operations so you don\u2019t have to put new ideas on hold while production or inventory management catches up.<\/p>\n\n\n\n<p><strong>Build a strategic team.&nbsp;<\/strong>When you\u2019re open to them, new opportunities can come flooding in. When we look at an opportunity, the first thing we determine is whether or not it\u2019s strategic. We filter all opportunities and only focus on the strategic ones.<\/p>\n\n\n\n<p>You need to hire a trustworthy team to help you in the filtering process. They should be your additional eyes and ears on the market to help you identify, select, and implement strategic opportunities.<\/p>\n\n\n\n<p>Starting a new business can be scary. Starting one in a field you know nothing about is even more nerve-wracking. But don\u2019t be afraid to answer the door (or window) and welcome those unexpected opportunities with open arms.<\/p>\n\n\n\n<p><em>Originally from Turkey,&nbsp;<a href=\"http:\/\/www.linkedin.com\/pub\/zeynep-ilgaz\/5\/32a\/787\" target=\"_blank\" rel=\"noreferrer noopener\">Zeynep Ilgaz<\/a>&nbsp;and her husband co-founded&nbsp;<a href=\"http:\/\/www.confirmbiosciences.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Confirm BioSciences<\/a>&nbsp;and&nbsp;<a href=\"http:\/\/www.testcountry.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">TestCountry<\/a>, for which Ilgaz serves as president. Confirm BioSciences is committed to being on the cutting edge of offering new, service-oriented drug testing technologies.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This article was originally posted on&nbsp;WeWork They say that opportunity doesn\u2019t knock twice. The truth is that opportunity maynever&nbsp;knock on your door. It might only be a tap &#8230;<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[125],"tags":[],"class_list":["post-3518","post","type-post","status-publish","format-standard","hentry","category-opportunity"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.13 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to Say &#039;Yes&#039; When an Opportunity is Outside Your Wheelhouse - Cross Ocean Ventures<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/crossoceanfund.com\/how-to-say-yes-when-an-opportunity-is-outside-your-wheelhouse\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Say &#039;Yes&#039; When an Opportunity is Outside Your Wheelhouse - Cross Ocean Ventures\" \/>\n<meta property=\"og:description\" content=\"This article was originally posted on&nbsp;WeWork They say that opportunity doesn\u2019t knock twice. 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