An entrepreneur is quick to see and seize opportunities.
He/she does things before he/she is asked to work by people or forced by
situation.
Opportunity seeking; keep
your eyes open for new business opportunities
A key question that all
would-be entrepreneurs face 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?
Do I have the drive to pursue this opportunity to the end?
Will I spend all my time, effort, and money to make the business opportunity work?
Will I sacrifice my existing lifestyle, endure emotional hardship, and forego my usual comforts to succeed in this business opportunity?
Will I spend all my time, effort, and money to make the business opportunity work?
Will I sacrifice my existing lifestyle, endure emotional hardship, and forego my usual comforts to succeed in this business opportunity?
The ongoing process of considering, evaluating, and pursuing
market-based activities that are believed to be advantageous for the firm.
Prior experience informs the process, but it may also limit it: opportunity
seeking calls for continuous reconsideration and adaptive learning.
Once you develop the habit of opportunity seeking, keeping your eyes and ears open, you will find that there are clues everywhere that can lead you to an innovative idea. Sometimes it’s best to just go for a walk and force yourself to look for opportunities. You might find yourself a breakthrough innovation.
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