Business Opportunities

Miss. Freedman
Agenda

 Review of types of business ownership (5 mins)

 Disadvantages/Advantages of Types of Business Ownership (25 mins)
 Business Opportunities (20 mins)
 Business Opportunity Analysis (30 mins)
 Disadvantages and Advantages
of Types of Business Ownership

 Write ONE advantage and ONE disadvantage of

each type of business ownership.
 2.5 points for each advantage and disadvantage.
 You have 25 mins to complete this assignment.
 INDIVIDUAL
 SOLE PROPRIETORSHIP PARTNERSHIP

+ +

- -

CORPERATION COOPERATIVE

+ +

- -
Now we
know the 4
types of
businesses
And the 4
types of
Business
Ownership
Now how do we know what is a business
opportunity to start a business!?

Business Opportunity:
a consumer need or
want that can
potentially be met
by a new business
Not every business idea is a good business opportunity…
 1. Does the idea fill a need or want
that’s not currently being met?
2. Will the idea work in the location or
Ask yourself 5 way that you plan to sell it?
3. Can you put the idea into action
questions to within a reasonable amount of time
begin the process (that is before someone else does
or while resources are still
of determining if available)?
a business idea 4. Do you have the resources and skills
to create the business (or know
might be a good someone else who could help
opportunity. you)?
5. Can you provide the product or
service at a price that will attract
customers but still earn a
reasonable profit?
PROBLEMS CHANGES NEW DISCOVERIES EXISITING
PRODUCTS & SERVICES

RECOGNIZING SOURCES OF OPPORTUNITIES

Business Opportunity Analysis (30 mins)

 Describe 2 business opportunities that you see in Trujillo. (5 points)

 Choose ONE and answer the following questions about it:
 What will the name of your business be? (3 points)
 What good or service is your business providing? (3 points)
 What type of business are you starting? (3 points)
 What type of business ownership did you chose for your business? (3
points)
 What slogan or motto would you use to communicate what your
business does to the customers? (3 points)
QUIZ NEXT WEEK

 4 Types of Business (Service, Manufacturing, Retailing, & Wholesaling)

 4 Types of Business Ownership (Sole Proprietorship, Partnership, Corporation, Cooperative)
 Business Opportunities