OPPORTUNITY SCREENING
After opportunity seeking comes the rigorous
process of opportunity screening. Because of the
many opportunities possible for the entrepreneur,
is important to come up with a short list of a few
very promising opportunities, which could be
scrutinized in detail.
The 12 Rs of Opportunity Screening
1. Relevant
2. Resonance
3. Reinforcement of Entrepreneurial Interest
4. Revenues
5. Responsiveness
6. Reach
7. Range
8. Revolutionary Impact
9. Returns
10. Relative Ease of Implementation
11. Resources Required
12. Risks