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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Customer demand
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Technology
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Background
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News media
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Detailed explanation-1: -One of the most important factors when evaluating a business opportunity is market size. Do a little market research. Figure out if there is a market for the opportunity-and how big that market is. Before you move forward, you want to be sure the demand is there.
Detailed explanation-2: -Entrepreneurs should observe at least four types of trends-economic, social, technological and regulatory-to identify business opportunities and grow their startups.
Detailed explanation-3: -Profitable. A good business plan should be profitable, there are no doubts about that. Competitive. This is pretty much straight forward. Good cash flow. This criterion is very important. Innovative is a very frequent and important characteristic. Sustainable. Feasible. Environmentally sound. Legal. More items •17-Dec-2020