QUALITIES OF ATTRACTIVE BUSINESS OPPORTUNITIES

 1. Good income potential. A good business opportunity is one which is capable of giving sufficient income to support oneself. It should be able to produce a good, steady and full-time income.

2. Sizeable market gap in terms of people or institutions willing and able to purchase goods and services of a business.

3. Low or moderate start up capital. A good business opportunity is the one which requires low capital investment.

4. Good growth potential. An attractive business opportunity is one which has the chance to survive for a long period of time while generating sufficient income to the owner.

5. Reasonable ease of entry into the market. It is advisable that one should enter into a business in which he/she has got the general background of it. This enables the entrepreneur to get started easily. For instance one can be able to use the contracts one already has and one’s reputation in the field could be valuable in running the business successfully.

6. Related to one’s skills and experience. Some businesses require certain skills and experience. This means that for one to succeed in such businesses, one should possess the required skills and experience needed to run the business successfully.

7. Properly timed. A good business opportunity is the one that is timely and responds to the unsatisfied needs or requirements of customers who have the ability to purchase and are willing to pay.

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