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Prakhar SharmaTop Contributor
Social media marketer, Content Writer
Asked a question 4 years ago

What is meant by business opportunity?

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Sayantika ChatterjeeTop Contributor
I am a literature student from University of Calcutta and came here to contribute.

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. 

  1. 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. 

Prakhar SharmaTop Contributor
Social media marketer, Content Writer

A business opportunity, in the simplest terms, is a packaged business investment that allows the buyer to begin a business.In fact, in most business opportunity programs, there's no continuing relationship between the seller and the buyer after the sale is made.Business271 opportunities are difficult to define because the term means different things to different people.

A business opportunity involves the sale or lease of any product, service, equipment and so on that will enable the purchaser-licensee to begin a business.

The licenser or seller of a business opportunity declares that it will secure or assist the buyer in finding a suitable location or provide the product to the purchaser-licensee.

Any products or services developed by the seller-licenser will be purchased by the licensee-buyer.

With most business opportunities, you would simply buy a set of equipment or materials, and then you can operate the business any way and under any name you want. There are no ongoing royalties in most cases, and no trademark rights are sold.