Month: October 2020

Less Costly. A well thought out business opportunity, be it the entrepreneur’s own brilliant idea, a franchise or a license to operate under a parent company’s name will prove less costly as the foundation will have been laid and room Read More …

In the preceding section, we outlined numerous things an entrepreneur should do to ensure that he/she chooses a venture that will be appropriate for him/her personally, and will represent a sound investment. It’s quite important to cover all bases before Read More …

A franchise is a venture where a sponsor identifies someone with an idea or a proposal and decides to fund his project and give it the financial boost it needs to start off. This takes the headache away from the Read More …

Contrary to popular opinion, business opportunities are abound in all kinds of economies; you just have to know where to look for it. And sometimes, you should consider creating business opportunities instead of waiting for them to come knocking at Read More …

A business opportunity thus requires that the entrepreneur follows the following process; Identify his strength Assess his surrounding Identify gaps that may be capitalized on. Select one of the gaps identified based on his strengths. Identify the risks and constraints Read More …

A business opportunity is an outlet through which the entrepreneur expresses his new found knowledge or skill. It’s a chance that an entrepreneurs utilizes after a thorough research through which he can manifest his ideas. There are many types of Read More …

Entrepreneurs play a vital role in today’s economy. This is not withstanding the hurdles mentioned in the previous section. Most of them get through the tough times and their businesses become success stories. The success or failure of a growing Read More …

The challenges that entrepreneurs face may be looked at from five categories; a ) External Factors Some events in the economy of a country may well be beyond the control of the entrepreneur. The cycles could adversely affect his business, Read More …

There are important traits that if an entrepreneur has and strives to acquire, will make him more successful in his business. These can be grouped into three categories; Personal traits Technical traits Business Management traits Personal Traits Being open minded. Read More …

There are several categories in which entrepreneurs can be classified: Adviser: Some entrepreneurs perform an advisory role and are paid for giving such advice. This is similar to the role played by lawyers, accountants, and financial advisers. Administrator/Organizer: These are Read More …