0
Answer: Markets: You have to analyze the number of prospective buyers, the presence of your competitors, and the prices and quality of the goods and services. Are the needs of the consumers fully satisfied? If not, then business opportunities exist in areas where consumer satisfaction is weak or incomplete.
Individual Interests: Business interests of individuals vary. There are those who are interested in agriculture. Others are inclined in other varying industries. Printing business is one industry that is really booming nowadays. Examples of these are bookmark printing, business cards, posters, flyers, customized bookmarks, etc. Interests should match business opportunities.
Capital: Money is very important in putting up a business enterprise. The availability of funds should fit the type of business to be organized. One who has a limited capital should start with a micro business. Many unschooled individuals started with such business. And some of them are now big shots in the business world.
Skills: The entrepreneur should have the proper skills in the business he is going to undertake. For instance if you are interested in bookmarks, it is much better if you have the skills in bookmark printing. If it is a travel business you are interested in, you should have the experience or working knowledge about such business. It is not advisable to depend completely on the services of assistants or employees.
Suppliers of inputs: It is not enough that there are sufficient buyers of your goods and services. It is equally important that there are steady suppliers of raw materials and other inputs of the business. Obviously, if there are no materials to be used in production, you have nothing to produce and sell. If production is delayed due to lack of materials, then it is not good for the business. You will likely to lose your customers.
Manpower:The success of any business is primarily dependent on the efficiency of its employees. In putting up a business, make sure that experts or trained personnel are available.
Technology: Tastes and preferences of consumers are not permanent. These are heavily influenced by innovations. And innovations are the products of technology. New products and services represent improvements which are intended to improve satisfaction. You should be aware of the presence of technology, particularly new technology. This is an opportunity for you to avail of such technology to improve your products or services or to introduce new ones in the market.
- BY: JOHNREDIN BELACSI
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
Where can one find a business opportunity online?
If you search for "Business Opportunity", there will be many options for you there. I would also consider sponsoring a local artist on Etsy. Be wary of false businesses that ask for money without meeting.
Characteristics of a good business opportunity ccxxx cxx xcxccxccccx?
A good business opportunity is that one which has maximum returns and has lower risks.
What is a business opportunity?
A business opportunity can mean different things to everyone. To me it means having the chance to do something that most people don't have the privilege of doing. Getting that opportunity is something that we shouldn't take for granted.
Characteristics of a good business opportunity?
A characteristic of a good business opportunity is that one which has less risks and has good returns.
What is the best small business opportunity today?
A good small business opportunity in the modern era is the internet cafe. Everybody's obsessed with the internet these days and you can take advantage of it.
How politico-legal factors have created an opportunity as well as constraint for that particular industry or a business organization?
book no. 2 page no 7 search madly u will find ans
Explain how political-legal factors present an opportunity as well as threat to a particular industry or business organisationillustrate with the help of an example?
Somebody search this answer and post it as soon as possible bcoz assigment submission date is near
Where can one find a business opportunity online?
If you search for "Business Opportunity", there will be many options for you there. I would also consider sponsoring a local artist on Etsy. Be wary of false businesses that ask for money without meeting.
What is business management?
In business management we deal about the business. we search new opportunity for business search new market and think about the business profit to maximize them. In business management we set the goal to achieve the target and think the new technology to use in the business. we improve the quality and service and bring changes according to the time and people.
What are the business factors that are driving systems analysis?
The business factors that are driving systems analysis are problems, opportunities, and directives. Each problem, opportunity, and directive is assessed with respect to urgency, visibility, tangible benefits, and priority.
Where can one look for a vacancy as a business analyst?
An individual may look at multiple job sites and simply search for "business analyst". He or she may also narrow down the job search to a specific region, state, or city depending on the opportunity range.
What do you understand by a business oppertunity?
A business opportunity is a well-thought idea that needs to be developed. It involves sale or lease of any product, service, equipment, etc. that will enable the purchaser-licensee to begin a business. INUKA Fragrances
What is shopping opportunity?
Shopping Opportunity in the Direct Sales Business, is when you are given the chance to shop for up to 50% off from the product line after learning about the business opportunity.
Characteristics of a good business opportunity ccxxx cxx xcxccxccccx?
A good business opportunity is that one which has maximum returns and has lower risks.
Choosing A Business Opportunity?
If you run an office, finding the right business opportunity is a must. With the proper business opportunity, you can quickly grow your bottom dollar. Always to your research before jumping into a business venture. Look at the capital that can be earned. Stay away from companies that claim to work quickly.
What are Environmental factors that affect a business?
how environmental factors affect in business
What do you understand by the term business opportunity?
An oppurtunity invoving business careers or a positive happening for a business
