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A business idea becomes a business opportunity when the project can be put the
characteristics of: realistic, adds value and gives profit. However, to detect
whether a company or product has value or not, can be done through an
evaluation process and decision making: Gestation Ideas: The Sources of
Business Ideas Recognition of business opportunities Evaluation and evaluation:
pre-feasibility of the project Company Plan Start up
How to identify business opportunity
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1- Find dissatisfied customers in a particular sector: The idea is to locate the need that has
not yet been covered or is not yet fully satisfied
How to identify business opportunity
. 6- Examining the international markets: All the time it is said that traveling to
other countries makes us mature inevitably. This also encompasses our
understanding of needs and business to meet them
How to identify business opportunity
7- Creating needs: If you feel that the item you want to target has already
covered everything, it's time you invented a new need in consumers.
Conceive your product or service in such a way that the customer feels a
new vacuum to fill
Example of business opportunity