What are 3 ways to identify more business opportunities? Explain one.
1. Listen to your potential clients and past leads 2. Look at your competitors 3. Look at industry trends and insights
25
When you’re targeting potential customers listen to their needs, wants, challenges and frustrations with your industry. What does it called in identifying business opportunity?
Listen to your potential clients and past leads
15
This is one way to identify business opportunity by seeing what other start-ups are doing, and more importantly, not doing?
Look at your competitors
15
One way to identify business opportunities by subscribing to industry publication and industry experts on social media. What kind of identifying business opportunities is this?
A common types of business opportunity venture involves entering into an agreement to offer and sell the product of another entrepreneurs. What type of business opportunity venture is this?
Distributorships
15
A type of business opportunity venture who rents space in a retail store or supermarket to display and sell products.
Rack Jobbing
15
A type of business opportunity venture that involves independent business owners stocking up certain products in vending machines in specific locations within a route.
Vending Machine Routes
15
If you are given a chance to be an entrepreneur what kind of business are you going to make?
explained
15
Choose two from your classmates to whom you think is perfect as a business partner and tell why?
explained
15
What are the two types of business opportunity? Explain one.
