Pattern recognition is a skill every entrepreneur must develop. First, let me define pattern recognition. This pertains to the ability of a person to spot small changes in the environment and make sense of it. Over the years we have seen many changes that have happened, like martial law, coup de tat, economic downturn, boom in the IT and nursing industries. We have noticed them and labeled them because they are big events but these events have originated from little spark of events. In the book Tipping Point by Malcom Gladwell, he said that small events will lead to a tipping point and after the tipping point, events become viral and hard to stop. These group of small events are like small ripples in the sea that expand and eventually go big over time. These Events can be anything from disease to fashion. The role of the entrepreneur in such events is to spot the wave of trend early; to either exploit the opportunity or protect the business from the threat. The key to unlocking the trend is Pattern Recognition.  Continue reading →