Business Opportunity:
A business opportunity is an idea that can be economically exploited and it leads
- Establishment of an enterprise
- Profits
- Future prospects to expand the enterprise.
Various factors that help the entrepreneur to sense an entrepreneurial opportunity:
The following are the various factors that help the entrepreneur to sense an entrepreneurial opportunity
A) Ability to perceive basic ideas through various sources like problems, change, inventions and competition.
B) Ability to preserve these ideas.
C) Ability to make best use of various sources of information.
D) Creatively innovate new ideas
E) Vision to convert the ideas into potential business opportunities.