Скачать или смотреть Factors that help the entrepreneur to sense the business opportunities (Long)

Which factors help the entrepreneur to sense the business opportunities?

The entrepreneurs should posses

keen observation
excellent analytical skills
ability to synthesis
for them to sense the ideas that could be turned into potential entrepreneurial opportunities.
The process of sensing an entrepreneurial opportunity depends on the following factors.

Ability to perceive the basic ideas and preserve them: Perceiving an idea is the first step in the process of sensing an entrepreneurial opportunity.
Entrepreneurs usually depend on the following sources of information to perceive an idea
Problems: Problems prevailing in the society will lead to ideas to resolve the problems.
These ideas can become economically viable entrepreneurial opportunities.
Change: Changes that occur in the
political,
legal,
trendset of the consumer,
technology will be good sources to perceive new business ideas.
Inventions: New inventions will help the entrepreneurs to perceive new ideas to start a new product or service.
Competition: The urge to overcome the competition help the entrepreneurs to perceive new ideas.
Innovation: Innotation is the process of creating something of value or improve the existing product or service to improve its value.
Ability to exploit multiple sources of information:
The entrepreneurs should consult various sources of information like
Books
Customers
Family members
Friends
Journals
Magazines
Seminars
to help them perceive priliminary idea.
They should be able to gather all the knowledge and information from these sources and scrutinize it.
The process will help to recognize an economically viable business opportunity.

Creativity and Vision: Creativity will help the entrepreneurs to innovate a potential solution to the prevailing problem.
Vision will help them to convert this solution to an economically viable business opportunity and
motivate them to achive their goal by effectively dealing with all the difficulties in their path.
This factor help the entrepreneurs to
Effectively deal with the difficulties and conquer them
Gain full command over their enterprise
remarkably stand apart from others in a positive way

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