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 Form 1 Business Studies online lessons on entrepreneurship

Guidelines that may help an entrepreneur in identifying business opportunities.

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Answer Text:
Business Opportunity
-A good business plan is not necessarily a business opportunity. A business idea becomes a business opportunity if it is viable i.e. it can be developed into a successful/profitable business enterprise
Guidelines that may help an entrepreneur in identifying business opportunities.
-Assess the environment basic features, social background, occupation patterns and consumer behaviors
-Assess the current business scenes
-Assess the features of target group/ customers
-Find the resources of the available potential business.
-Find the linkages available for the potential business
-Ascertain the auxiliary services available to support business.


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