On Using Existing Solutions in New Ways

"Entrepreneurs each have strengths in different areas. Some of them are amazing operators who make remarkable things happen on a limited budget. Others are geniuses in their area of expertise and they transform their entire industry. Still others have a knack for finding a hole in an existing market and successfully exploiting it to turn a profit.

Some of the most successful entrepreneurs I have seen are re-arrangers. They take existing solutions (sometimes from other industries) and they apply them in new ways/scenarios to create value.

If I were forced to pick one quality that is indicative of success in business it would be this ability to find new uses for existing solutions."

Read more in this post from David V. Lorenzo.