TECHNIQUES FOR GENERATING BUSINESS IDEAS
A business opportunity can be defined as an attractive idea or proposition that provides the possibility of a return for the investor or the person taking the risk. It involves sales or lease of any product, service, equipment, e.t.c.
I think this little write-up will help some of us that are planning to do business.
PROCESS OF EXPLORING OPPORTUNITIES
1. Develop many ideas from your concept
people think that all your needs to start a business is one good idea while that can sometimes can be true, the best foundation for business success is to have several possibilities for creating profits, Testing each to determine its suitability.
2. Evaluate your ideas
Identify business opportunities requires an approach that combines systematic analysis with unstructured creativity. Always remember that it is always cheaper to examine an idea thoroughly in advance to incure the expenses of a business failure.
3. Prepare a business plan;
once you have selected an opportunity as the basis for a new business venture. There are several seasons for preparing a thorough rough business plan before you proceed.