Contrary to the beliefs and the laments from people about opportunities, it is necessary for us to know that opportunities abound all around us. You only need to filter the opportunities and decide which is necessary and in line with your growth, dream, and development.
Business growth opportunities are all around us. It’s often the case of new businesses to know which opportunity to choose from. Rather than too few opportunities, business owners face too many.
Questions like the ones below might plaque their minds:
What are good opportunities? What attribute does a good opportunity possess? How can you know which is the best opportunity for your business?
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Let’s take a look at the characteristics of an opportunity.
A good opportunity is one which solves a customer pain point.
1 – Solve a customer pain point. A customer pain point is a need or a demand for a product or service that is not being addressed.
2 – Offer a new product service or market. Offering a new product or service into the market you currently operate in can be a good way to grow your business.
3 – Build on your existing competencies. The business skills, knowledge, processes and systems that your team possess are what make you unique. They provide you with the potential to maximize new opportunities. But don’t be afraid to move outside of your comfort zone.
4 – Make sure it will be profitable. Any new business opportunity needs to be profitable. If you’re unsure, do your research and get advice. You could also start with a trial of your opportunity for a short time to check if it could be profitable.
5 – Find something that fits your strengths.
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© Christy Chris