A business opportunity is an idea that can be transformed into a profitable business by providing products or services that fulfill a market demand.
Elements of Business Opportunity
- Assured Market Scope
- Attractive and Acceptable Return on Investment
- Practicability of Entrepreneur to Encash It
- Competence of Entrepreneur to Encash It
- Potential of Future Growth
Idea Fields
- Natural Resources
- Existing Products or Services
- Market Driven Ideas
- Trading Related Ideas
- Service Related Ideas
- Creative Efforts
Ways to Spot Trends
- Read Trends
- Talk Trends
- Watch Trends
- Think Trends
