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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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -Risk Factors A start-up entrepreneur deals with many unknowns, such as whether customers will be motivated to buy the company’s products and services, and whether the company can operate efficiently enough to generate a profit.
Detailed explanation-2: -One benefit of starting your own business is you can try to craft it according to your available capital. Buying an existing business is almost always more costly upfront than starting your own. However, it is also easier to get financing for buying a business vs starting one.
Detailed explanation-3: -Advantages of buying a business It is generally considered a lower risk if you purchase a well managed, profitable business that has been operating for years. The advantages listed below won’t always turn out true but will stand true in many of the businesses sold.