ENTREPRENEURIAL OPPORTUNITIES
IDENTIFYING AND EVALUATING BUSINESS OPPORTUNITIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Plan
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Start
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Identify
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Operate
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Detailed explanation-1: -In the Identify stage, you’ll identify a business opportunity and decide whether it is a good fit for you personally. The Plan stage is when you research your business idea and prepare a written business plan.
Detailed explanation-2: -The Customer Research Stage The objective is to identify potential business opportunities that can help the business create value for its customers.
Detailed explanation-3: -The third stage of business growth is success. At this maturity phase, the company is thriving. It has established a strong presence in the industry to ensure consistent profits. Plus, as a mature business, it has the brand recognition and size to be financially healthy.
Detailed explanation-4: -Identify potential opportunities. Define your purpose and objectives. Gather data from primary sources. Gather data from secondary sources. Analyze and interpret the results.