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  • What Is An EntrepreneurOpportunity

    Diunggah oleh

    Kim Lachica
    10 tayangan1 halaman
    An entrepreneurial opportunity exists when there is an unmet need or problem that can be addressed innovatively. An entrepreneurial idea is a new way to satisfy a need or solve a problem. The document provides several ways to generate business ideas such as listening to others, linking unrelated things creatively, approaching problems with a new perspective, and keeping up with trends. It also lists questions entrepreneurs should ask themselves to assess the viability of their ideas such as whether the opportunity is significant and long-lasting, and if they have the experience and information needed. Entrepreneurs can take trends and develop opportunities by understanding the trend's causes, duration, impacts, and how existing products could be adapted to fit the trend. The Caribbean Development Bank

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    Explains what's entrepreneurial opportunity

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    What is an EntrepreneurOpportunity

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    An entrepreneurial opportunity exists when there is an unmet need or problem that can be addressed innovatively. An entrepreneurial idea is a new way to satisfy a need or solve a problem. The document provides several ways to generate business ideas such as listening to others, linking unrelated things creatively, approaching problems with a new perspective, and keeping up with trends. It also lists questions entrepreneurs should ask themselves to assess the viability of their ideas such as whether the opportunity is significant and long-lasting, and if they have the experience and information needed. Entrepreneurs can take trends and develop opportunities by understanding the trend's causes, duration, impacts, and how existing products could be adapted to fit the trend. The Caribbean Development Bank

    Hak Cipta:

    © All Rights Reserved
    Unduh sebagai PDF, TXT atau baca online dari Scribd
    Tandai sebagai konten tidak pantas
    10 tayangan1 halaman

    What Is An EntrepreneurOpportunity

    Diunggah oleh

    Kim Lachica
    An entrepreneurial opportunity exists when there is an unmet need or problem that can be addressed innovatively. An entrepreneurial idea is a new way to satisfy a need or solve a problem. The document provides several ways to generate business ideas such as listening to others, linking unrelated things creatively, approaching problems with a new perspective, and keeping up with trends. It also lists questions entrepreneurs should ask themselves to assess the viability of their ideas such as whether the opportunity is significant and long-lasting, and if they have the experience and information needed. Entrepreneurs can take trends and develop opportunities by understanding the trend's causes, duration, impacts, and how existing products could be adapted to fit the trend. The Caribbean Development Bank

    Hak Cipta:

    © All Rights Reserved
    Unduh sebagai PDF, TXT atau baca online dari Scribd
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    dari 1

    .

    WHAT IS AN
    ENTREPRENEURIAL
    OPPORTUNITY?
    An entrepreneurial opportunity exists
    whenever there is a need, want, problem
    or challenge that can be addressed,
    solved and or satisfied in an innovative
    way.
    WHAT IS AN
    ENTREPRENEURIAL IDEA?
    It is a specific , new way to satisfy a need
    or want, overcome a problem or meet a
    challenge.
    SOME WAYS TO GENERATE
    BUSINESS IDEAS
    Listen to what others have to say.
    Try to link two things that are
    totally unrelated in an innovative
    way.
    Approach problems from a new
    perspective.
    Ask questions and listen to the
    answers.
    Break old habits by doing things
    differently so as to gain a new
    perspective.
    Practice coming up with ideas for
    every problem or challenge you see,
    hear about or come up against.
    Decide what products would
    improve the quality of your life.
    Investigate if there is a need for a
    business doing something that you
    like or are good at.
    Keep abreast of trends and practices.
    Network to get ideas from other
    people.
    Read publications.
    Write down all your ideas.
    ASSESSING YOUR IDEAS:
    SOME QUESTIONS TO ASK
    YOURSELF
    i. Is it really an opportunity?
    ii. Has it been seen by others?
    iii. If seen, have others selected to act
    upon it?
    iv. How long will it last?
    v. Are you satisfied that you have
    accurate and sufficient information?
    vi. Have you specifically defined the
    opportunity?
    vii. Do or will many people care?
    viii. Do you have experience in this area?
    ix. Is it the best opportunity you can
    see?
    x. Can you think of a better version of
    the idea?
    TAKING TRENDS TO
    OPPORTUNITIES
    Trends are important in entrepreneur-
    ship. If a trend appears that you think
    you can capitalise on then you should try
    and find out the following:-
    What caused the trend to start.?
    How long will it probably last?
    What effects it is likely to have?
    What product might fill the needs
    generated by the trend?
    How can you adapt the existing
    products of your business to fit with
    the trend.?
    HOW CED CAN HELP YOU
    Business Counselling and Advice
    Market research
    Developing Marketing Plan
    Developing Business Plan
    Arranging attachments or other
    forms of Technical Assistance
    (TA) through the CTCS Network
    of the Caribbean Development
    Bank or other agencies.

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