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Briefly explain five characteristics of a good business opportunity.

Briefly explain five characteristics of a good business opportunity.

Answers

Martin
Five characteristics of a good business appraisal

- Less costly; a good business opportunity should be less expensive may it be an original idea or a franchise.

- Reduced risks of failure; a good business opportunity should have well executed research into the risks involved, personal strengths and any weaknesses the entrepreneur may deal with.

-Ready market; the market needs to be prepared for the product yet to be established .

- High level of competence; a lot of time may be required to gather the necessary knowledge to prosper in any given business opportunity.

- Better financing options; a business opportunity may require stable cash flows and thus need to identify secure source of finance form investors.

- Professional advertising and promotion of the products to ensure there is competitive advantage.
marto answered the question on January 30, 2019 at 08:53

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