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From course:

MGT Chapter 4-6

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Question:

Turning Your Passions and Problems into Opportunities

Author: danny terro



Answer:

•A business idea is a good business opportunity if: 1.It fills customers’ needs. 2.You have the skills and resources to start a business. 3.You can sell the product or service at a price customers are willing and able to pay-and still make a profit. 4.You can get your product or service to customers before your window of opportunity closes or before competitors with similar solutions beat you to the marketplace. 5.You can keep the business going.


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