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Good analysis of market , mapping of market& target segment of customer , strong distribution plan , demand creation , competitor product analysis , Team management , cost factor. Decision should be based on all above factor.
1. Locations
2. Mapping the market/ target clients
3. Marketing activity
4. Teamwork
5. building trust and gain a good relationship with the targeted clients
1) Understand requrements
2) Understand costing
3) Value benifit
4) Management
5) Team strength
6) Define Goal
According to me following are the important attributes
1) Budget
2) Targeted Area
3) Efficient Team
4) Proper Management
5) Ultimate Goal
Following are the most important attributes when assessing a new business opportunity.
1. Leadership.
2. Partnership Management.
3. Proof and clarity of innovative concept.
4. Business Planning & Marketing.
5. Triple Bottom Line Planning.
6. Short & Long Term Benefits Management.
7. Community Engagement.
8. Risk Management
According to me below are some ways to find and increase business opportunities:
1.) Focus on the core product.
2.) Create a Goal
2.) Keep the pitch simple.
3.) Stay true to who we are.
4.) Map our capabilities with the requirements of a target client, if not delegate.
5.) Utilize marketing tools that work best for us.
6.) Always crate a plan of action
7.) Implement only that plan of action.
Cash Control
Competition
Customer trends
Location
Risk factors
yes, both are equally important
Risk taking is the main attribute when assessing a new business opportunity. Business can include all sorts of risks therefore if you are a risk-taking person then you can be a good businessman. Also, you should have stable thinking so that you can control yourself in case of some loss in business. Further, you should have decision-making skills and be sharp-minded.
