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identifying business opportunities

There are different business opportunities that are fitted to ones talents and skills. Opportunity refers to an attractive project idea which an entrepreneur can operate for investment with a good basis for assuming the feasibility of the project. An opportunity must be one that has a good market scope and offers an attractive return on investment or profit. To ensure a greater chance for success, business opportunities have to be analyzed and evaluated from different aspects: Technical Production, Commercial and Managerial Viabilities, Availability of Raw Materials, Manpower Needs, Power Requirements, and Location Requirements. There are several ways in identifying business opportunities that one must considered in order to have a reliable and competent business.

Note by John Rey Ciupan
3 years, 10 months ago

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