The Small Business Forum
Identifying Business Opportunities
- You may identify an opportunity alone, by yourself, or with other people ― your social network. This includes friends, family, or colleagues you interact with. Opportunities identified with other people are more likely to be of better quality and to succeed. They have been subjected to wider consideration.
- One may also find an opportunity through deliberate search or accidentally stumble on one while not searching.
- The business opportunity should have a timeline, how long you intend to run the business, and the exit strategy—how you plan to get out eventually. Exit may be by sale of the business, handing it over to your descendants, or just closing it. Your planned exit strategy may affect the choice of legal form of the business and how to organise its activities.
Comments, Questions and Suggestions welcome.
drkibuka@thesmallbusinessforum.co.ke
+254-729524219
———————————————————–