Entrepreneurs have a special talent of locating their opportunities,at the right place and at the right time. You may call it their sixth sense working. Business opportunity basically means making fortune out of luck, or you can say an idea which will contribute to the betterment of the public as well as bring the profits. But before jumping into the sea of opportunities, one needs to keep these things in mind.
- Whether the market they are dealing with is appropriate for the product.
2.Whether the investment is worth it or not. Because ofcourse no one wants to run with loses in his or her business.
3. How far is your startup practical in today's field? It will a foolish thing to start a DVD player business when everything is on the mobiles.
4. Ask yourself this question, does your startup have any chance of future growth? How far is your idea ahead of time? Because when someone starts a business, they want it for a long period of time. And no just for a few years.
5. Do you have enough funds in your hand in order to start your business? Because one needs to have minimum resource in order to achieve the basic goals.
If you okay with all the above points, then you are good to go.