Qualities of a good business opportunity

Entrepreneurship-and-Communication-Skills-notes
  1. Legality – a good business opportunity should be capable to operate within the framework of law
  2. Growth – it should show dynamism having growth potential to guarantee the business increase in customer care, operations, market shares and eventually profits.
  3. Uniqueness – it should stand out in the industry and the market to capture the attention of all the stakeholders.
  4. Marketability – a good business idea should appeal to the market
  5. Competitiveness – a good business opportunity should guarantee the owner a position among its peer or be ahead of its peers
  6. Protectability – a good business opportunity should provide the owner with the capability to own the intellectual property of the product and services.
  7. Financial feasibility – it should be within the economic means of the owner.
  8. Social acceptability – it should be accepted not only legally but also within the social norms common practices of the society
  9. Operational feasibility – a good business opportunity should not find difficulties in implementations and should be compatible with the reinforcing infrastructure.



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