There is one key question that all would-be entrepreneurs or even growing businesses facing is finding the business opportunity that is right for them.
Should the new startup focus on introducing a new product or service based on an unmet need?
Should the venture select an existing product or service from one market and offer it in another where it may not be available?
How do Entrepreneurs Identify New Business Opportunities?
How do you find the opportunity that’s right for you?
We take you through the process of evaluating and identifying the risks that should be considered in deciding whether or not to pursue the business opportunity.
We can do that in a very technical way, by conducting surveys or conducting a broader industry analysis to understand the attractiveness of the industry you’re going to enter.
Is the industry growing or shrinking?
What power do the suppliers have in this industry?
How many buyers are there?
Are there substitute products?
Are there any barriers to entry this market? If so, what are they?
Contact us today for a proper meeting and discussion of your business.