Young entrepreneurs with their impatience are always counting money and profits before thinking of how to do the business. Instead of evaluating possible challenges.
How to take advantage of business opportunities
- Thread starter cherry123
- Start date
Business opportunities will always be available but the important thing is for you to work hard to identify such opportunities. Regardless, you need to work hard to make such opportunities pull through.
Only prepared minds can be able to see good business opportunities. If you are prepared and looking out for good business opportunities, you must surely get one.Therefore you must train your mind with reading books and observing events. There is abundance of business opportunities only that some of us are blind mentally.
Yes, only prepared minds can be able to see good business opportunities. That is why it is essential to always learn and be sensitive to take up any opportunity that comes one's way
Do research is really vital before taking up any business opportunity. But at first you need to be open minded and sensitive to receive and begin to work on any opportunity
Don't jump into any business without finding out if people would patronize you. Young guys in my area pay to go watch Football in a far place. That presents a viewing center business opportunity. But I am not rushing. I am talking to the guys tl ascertain if they would patronize me if I start.
It is necessary to acquire all the vital things like the resources, knowledge and funds first before taking advantage of business opportunities around you in order to avoid waste of time and resources
You are right in a way but not completely right. I think you should be working on raising the capital and studying the feasibility simultaneously to avoid wasting time.
Yes one needs to work on raising capital and studying. But there are some business opportunities that comes your way that requires the skills you have, not all will require much capital
It is also very important for you to be very swift with carrying out your research about any business opportunity that you come across because you are not the only one that is looking at such opportunities to take advantage of it.
You need to be observant. Have an open mind and stay curious. Go to trade shows and networking with people in the industry. When you see an opportunity, take action to do research as soon as possible.
It is important not to just jump into any business because you want to take the business opportunity so fast. You need to do your due diligence in doing your research first.
Personally speaking, it is best to conduct the business feasibility study to cover everything in business. If we only limit the marketing survey per se, there are still some loops that were not covered along the process.
Are you going to say this to young entrepreneurs. I don't understand what is wrong with our generation. They are proud. That's why most of them look down on farming business.
Time after time, a lot of persons have missed out on opportunities simply because they where not observant. As an entrepreneur, you should always be observant, cause you might find yourself in a place that your skills are needed.
