Here's how you can spot entrepreneurial opportunities within the field of geology.

On the top of everything geologist must clearly knowing what is "nature of product" information need to deliver to the market - industry - user as customer. Communication skill is extremely important.

This is very valid. I would like to add that in many developing countries as the middle class grows and residential developments expand, there will be an increased need for geological assessments wrt establishing boreholes - particularly for those who are looking to escape dependency on the otherwise unreliable municipal grid.

Geology plays a crucial role in resource exploration, including minerals, oil, and gas. Identifying areas with untapped potential or developing new techniques for resource extraction can open up entrepreneurial opportunities.

Keep an eye on emerging technologies in the field of geology such as remote sensing, GIS (Geographic Information Systems), and data analytics. Identifying gaps where these technologies can be applied more effectively or innovatively can lead to entrepreneurial ventures.

With growing concerns about environmental conservation and sustainability, there is a demand for geological expertise in areas such as environmental impact assessments, remediation of contaminated sites, and natural resource management. Geological expertise is essential for assessing and mitigating natural hazards such as earthquakes, landslides, and volcanic eruptions. Developing innovative solutions for hazard monitoring, early warning systems, and disaster resilience can be lucrative entrepreneurial ventures.

Networking holds significant potential in recognizing opportunities. Engage in industry conferences, become a member of geological societies, and establish connections with professionals through social media. These networks may foster partnerships, offer mentorship, or inspire innovative business concepts. By actively participating in the geology community, you acquire knowledge about unaddressed requirements and evolving trends, positioning yourself to seize entrepreneurial opportunities as they arise.

In choosing a niche in geology, one should consider one's strengths and the current opportunities. In exploration the companies' budget is dependent on the metal prices thus the rate of turnover is quite high particularly with the major companies. Juniors are likewise limited on the capital they raise and the tenements they possess. So a lot of freelancers sprung up but only so far as metal prices are high. So it is imperative that a geologist has an additional skill such as in tunnelling, environment and geotechnical. Another avenue is teaching but schools require an MSc graduate or PhD which is disheartening to veterans of more than 20 years of experience. So a combination of his skill set vis a vis the opportunities is ideal.