- The project selection process begins when you start weighing the advantages
and disadvantages of an opportunity with other opportunities available. In this
exercise it is the favorable response at the very first stage which leads you to
further assess a given business opportunity.
- The process of business opportunity selection however is a continuous one,
requiring exploration from all angles like marketing, finance and infrastructural
facilities until the first decision is reached at.
- In order to facilitate and accelerate this process of decision making, it is
necessary that you are provided with sources of information and right contact
points at the right time. Meeting with successful entrepreneurs, technical
advisors or reference to authoritative data will help you take the final decision.
- Family members support
- Encouragement by friends or relatives
- Faith in the entrepreneur’s own judgment.
Kavungya answered the question on April 24, 2019 at 06:16
-
What is a business idea?
(Solved)
What is a business idea?
Date posted:
April 24, 2019
.
Answers (1)
-
List the personal abilities needed for one to succeed in a business.
(Solved)
List the personal abilities needed for one to succeed in a business.
Date posted:
April 24, 2019
.
Answers (1)
-
Define a business activity.
(Solved)
Define a business activity.
Date posted:
April 24, 2019
.
Answers (1)
-
List and explain the disadvantages of a company.
(Solved)
List and explain the disadvantages of a company.
Date posted:
April 24, 2019
.
Answers (1)
-
Define a declaration form document.
(Solved)
Define a declaration form document.
Date posted:
April 24, 2019
.
Answers (1)
-
Define Schedule of Directors document.
(Solved)
Define Schedule of Directors document.
Date posted:
April 24, 2019
.
Answers (1)
-
What does articles of association contain?
(Solved)
What does articles of association contain?
Date posted:
April 24, 2019
.
Answers (1)
-
Outline the ethical principles that guide behaviour in an office.
(Solved)
Outline the ethical principles that guide behaviour in an office.
Date posted:
April 16, 2019
.
Answers (1)
-
Highlight the Ways of maintaining respectful conduct by office employees.
(Solved)
Highlight the Ways of maintaining respectful conduct by office employees.
Date posted:
April 16, 2019
.
Answers (1)
-
State the importance of Enterprise social Responsibility.
(Solved)
State the importance of Enterprise social Responsibility.
Date posted:
April 16, 2019
.
Answers (1)
-
State the features of E-Government.
(Solved)
State the features of E-Government.
Date posted:
April 16, 2019
.
Answers (1)
-
Outline the factors Restraining Entrepreneurs from going Global.
(Solved)
Outline the factors Restraining Entrepreneurs from going Global.
Date posted:
April 16, 2019
.
Answers (1)
-
Highlight the advantages of an entrepreneur going global.
(Solved)
Highlight the advantages of an entrepreneur going global.
Date posted:
April 16, 2019
.
Answers (1)
-
Outline the unfair competitive aspects
(Solved)
Outline the unfair competitive aspects
Date posted:
April 16, 2019
.
Answers (1)
-
What are the qualities of a “good” Plan?
(Solved)
What are the qualities of a “good” Plan?
Date posted:
April 16, 2019
.
Answers (1)
-
Highlight five reasons for Preparing a Business Plan.
(Solved)
Highlight five reasons for Preparing a Business Plan.
Date posted:
April 16, 2019
.
Answers (1)
-
Describe the components of planning function.
(Solved)
Describe the components of planning function.
Date posted:
April 16, 2019
.
Answers (1)
-
Give advantages of using finance from institutional investors.
(Solved)
Give advantages of using finance from institutional investors.
Date posted:
April 16, 2019
.
Answers (1)
-
State the disadvantages of using hire purchase as a source of finance.
(Solved)
State the disadvantages of using hire purchase as a source of finance.
Date posted:
April 16, 2019
.
Answers (1)
-
State the advantages of using hire purchase as a source of finance.
(Solved)
State the advantages of using hire purchase as a source of finance.
Date posted:
April 16, 2019
.
Answers (1)