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in this video you'll learn about the important differences between business ideas and business opportunities.
how to identify a business opportunity? eckhardt and shane (2003) argue that when taking the path of entrepreneurship one of the most important indictors for future entrepreneurship is the skill of finding the business opportunity. a business opportunity consists of four elements all of which are to be present within the same timeframe (window of opportunity) and most often within the same domain or geographical location before it can be claimed as a business opportunity.

a common type of business opportunity involves a company that sells bulk vending machines and promises to secure suitable locations for the machines.
the licensor or seller of a business opportunity usually declares that it will secure or assist the buyer in finding a suitable location or provide the product to the purchaser-licensee.
while business ideas are a launch point for new venture creation they don't have the same growth prospects as business opportunities.

Categories: Marketing/Merchandising, Business
Topics: business opportunity, make money online

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