Where to look for business opportunities

Business opportunities can come from two different sources.

(1) They can develop/evolve as a result of your personal background including your previous jobs, hobbies and personal experiences, or
(2) From opportunities in the external environment or general market place

(A) Look at yourself

That is, review each of the following areas to see if there is a business opportunity ready to be uncovered
(a) Lifestyle and experience
(b) Your hobbies
(c) Your job
(d) Education

In this case a major consideration in among business venture should be to love what you are doing. It is only natural that looking at past experiences and interests could reveal an opportunity to further develop them into a viable business.

Life style and experience

Ideas may arise from casual observation of daily life situations. It simply a matter of being more attuned to what is happening around you. Ideas may become obvious as a result of travel, your own experiences in seeking products in the market place, ideas expressed by others who have recognized a problem or opportunity, or simply the result of observing the behavior of other people.

Your hobbies:

Hobbies or interests may lead to business opportunities. E.g. Writers who establish publishing companies or teachers who establish their own private schools or private libraries.
Note: An entrepreneur must be careful that he/she remains objective when assessing business opportunities in this area since what one loves to do may not always be the most profitable business opportunity.

Your Job:

Idea from your employment can evolve in many different ways. You may have identified a product or service opportunity that your employer is not pursuing. Perhaps you have developed specialized skills or knowledge that may be of interest to others in the industry or may be you have a product to sell to your employer. Note: Do not copy your employer’s product it may be unethical / illegal.

Education:

Lifelong learning is an important requirement for successful entrepreneurial endeavors. In addition to develop skills, education can lead to business idea. It will significantly broaden your perspective and help you to see opportunities in areas that you may not have otherwise considered.

(B) Look at what is happening around you

There are several environmental factors that any lead to business opportunity. These are:

Changes in the market

i.e. when consumer change their buying habits and preferences there are always new opportunities to substitute E.g. home entertainment and video stores / libraries vs. cinema halls.

Changes in an Industry

When governments change regulation there is often an effect on many industries. Opportunities arise to help provide solutions to companies to deal with these changes or to service new needs created by them.

Technological Influences

The impact of technological growth has had an influence on almost all sectors in business from car maintenance to photo radar to videoconference. New opportunities that exploit new technologies are developing at an alarming role.

Competitive pressure

The demand for certain products has created a very competitive market place in some industries. The personal computer industry is an example where competitive pressure has greatly influenced this market.

Demographic shifts

Changes in the age, income, and status of the population have contributed to increased demand in many sectors such as health can, financial planning and travel advice.

How do trends factor in?

If you can identify a trend and learn how to tap into it, you are on the road to developing a successful business with incredible potential. Knowing what your client will want in the future is a stepping-stone to success.
A trend is defined as, β€œa definite, predictable direction or sequence of events”
A trend can last over ten years.

Trend information provides us with data about the past and the future. Trend forecasting is accomplished by using different methods, depending on who is doing the forecasting.

How do you predict trends?

There are two ways in which trends that are occurring can be recognized.
(a) Reading books written by futurists, (normally applied in stock markets), or
(b) Learn how to identify a trend yourself.

In either way, the following tools should be considered:
β€’ Demographic data; shifts in the statistics relating to the population
β€’ Changes in the make- up of the population
β€’ Changes in society : Habits and value
β€’ Economic indicators: Inflation, unemployment levels etc.

In a trend, what is looked for, are indicators that there will be a large enough segment of the population who have similar needs to support a business venture.

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πŸ“Œ Where to look for business opportunities

(1) They can develop/evolve as a result of your personal background including your previous jobs, hobbies and personal experiences, or
(2) From opportunities in the external environment or general market place

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<HEART TOUCHING STORY>
.
A boy and a girl Loved each other very much.
Unfortunately the Girl Died..
The Boy was So Upset and he couldn’t Stop his
Tears.
.
He kept on Crying Day and Night.. Many People
gave him Sympathy,
but no Argument could Stop His Tears.
.
One Night He Slept and had a Dream;
.
He saw the Girl in Heaven with so many Girls of
Her age.
He felt Relaxed.. But He Noticed that every Girl
was in Fairy Dress;
and had a Lightened Candle in their Hands, but
his GF had a Candle which was not.Lightened..!
.
He asked Her:
β€œWhy is Your Candle not Lightened?” She Replied:
β€œWhenever I lighten My Candle;
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Please Stop Crying…
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PRAYER !! !! !!
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TODAY I PROPHECIES THAT YOU WILL NEVER
LOOSE ANYONE YOU LOVE ON EARTH
PREMATURELY.
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THE CHRISTMAS TREE

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====TRAGIC_CAT'S_MOMENT.====
The cat was so faithful that the woman could leave her baby with it & go out to attend other matters.
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A STORY: Keep my shirt clean

Two guys were drinking in a bar.
As they were drinking, they started arguing, one guy pounce on his friend and started
beating him.
.
After a long beating he realised that his friend was no longer breathing, he already died instantly.
Then the guy started running with his
shirt full of blood.Those who were
watching the fight started chasing him.
.
He ran to the house of a Christian man, knocked and said,
"Can u please hide me, i have killed a person and people are chasing me."
.
The Christian man replied ,
"Where am i going to hide you in my one room
apartment?"
The muderer said "There is no time to
waste here, just think of anywhere you
can hide me."
.
After a long thinking, the Christian man
said to the murderer,
"Give me your shirt and take my shirt but remember to keep my shirt clean"
They exchanged their shirts.Then as
soon as the Christian man opened the
door, people started beating him and
was badly injured that he was taken to
the police station.
From police station, the case was taken
to court and the man was found guilty of
murder and was sentenced to death.
.
The real murderer was safe at home but
was feeling so guilty that he ran to the
Court and said,
"Can you please release that innocent man, am the real murderer".
.
The judge replied "unfortunately it's too
late, the man is already hanged at last".
He ran to the police where the man was
hanged and for sure he
found him dead hanging.
.
He knelt down and cried his eyes out and said to himself, " You paid for my crime"
He remembered the Christian's last
words:
"KEEP MY SHIRT CLEAN !!!"
That's how the murderer repented and
became a christian!
.
MORAL OF THE STORY ;
This is what Jesus did for us. He died for
the crime he did not commit on the cross of Calvary.
Now if you are thankful with what Jesus
did for you, Appreciate Him by just sharing
πŸ™πŸ»πŸ™πŸ»πŸ’’πŸ™πŸ»πŸ™πŸ»

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A Normal body conditions

*MEDICAL FITNESS*
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A Wise words from great thinkers and observers

Buffalos kill 7 people every year.
Lions kill 500 people every year.
Hippos kill 800 people every year.
Spiders kill 5000 people every year.
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Snakes kill 10000 people every year.

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A Take this lesson for a poor young man

A very poor newly wedded, young couple lived in a small farm. One day the husband made the following proposal to his wife:
Honey, I will leave the house: I will travel faraway, get a job and work hard in order to come back and give you the comfortable life that you deserve. I do not know how long I will stay away, I only ask one thing, please wait for me, and while I am away, you should be faithful to me, because I will be faithful to you. His wife agreed, so the young man left. He walked many days until he found a farmer who was in need of someone to help him. The young man offered his services. He was accepted. Therefore he discussed the terms with his boss:
Let me work for as long as I want and when I think I should go home, please relieve me of my duties. I do not want to receive my salary. I ask you to save it for me, until the day I leave. The day I decide to go, please give me the money and I will go my way. They agreed on that. So, the young man worked for twenty years without holiday and without rest. After twenty years, he came to his boss and said:
Boss, I want my money, because I am returning to my home. The boss replied:
All right, after all, I made a deal with you and I will stick to it. However, before you go I want to offer you something new: I will give you all your money and send you away; or I will give you 3 pieces of advice and send you away. If I give you money, you lose the 3 pieces of advice. If I give you the 3 pieces of advice, you lose the money. Now, go to your room and think about your answer. He thought for two days. Then he went to the boss and told him:
I want the 3 pieces of advice. The boss stressed again, if I give you the 3 pieces of advice, I will not give you the money, and the man replied:
I want the 3 pieces of advice. The boss then told him:
No. 1: Never take shortcuts in your life, shorter and unknown paths can cost your life. No. 2: Never be too curious, for curiosity towards evil can be deadly. No. 3: Never make decisions in moments of anger or pain, because when you repent, it could be too late. After giving these 3 pieces of advice, the boss said to him:
Here, you have 3 loaves of bread, 2 are for you to eat during the journey and the last is for you to eat with your wife when you get home. So, the man went his way, after twenty years away from home and from his wife, whom he loved so much. After the first day of travel, he found a man who greeted him and asked:
Where are you going? He replied:
To a distant place which is about 20 days away if I continue walking. The man said to him:
Ol' boy, this path is too long! I know a shortcut that is very safe and you will arrive in 5 days only. The man began to follow the path suggested until he remembered the first piece of advice. Then, he returned and followed the long path. Days later he learned that the shortcut led to an ambush.
After a few more days of travel, he found an inn by the roadside, where he could rest. He paid for a room and after taking a bath he lay down to sleep. During the night he woke up as he heard a terrifying scream. He rose to his feet and went to the door to check what happened. As he was opening the door, he remembered the second piece of advice. Therefore he returned, lay down again and slept. At dawn, after breakfast, the owner of the lodging asked him if he had not heard the scream at night. He affirmed that he heard. Then, the host said:
Were you not curious to see what happened? And he replied:
No, I was not. Then the host said:
You are the first guest to leave this inn alive. My neighbour is completely crazy. He usually shouts at night to call someone’s attention. When some of the guests come out, he kills them and buries their bodies in the backyard. The man continued his long journey, eager to arrive soon.
After many days and nights walking, he was very tired, but he finally saw his house far away. It was night. He saw some light coming out of the window of his house and was able to see the silhouette of his wife. But he also saw that she was not alone. He came closer and saw there was a man with her. She softly caressed his hair. When he saw that scene, his heart was filled with hatred and bitterness. He decided to rush at and kill them both mercilessly. However, he took a deep breath and he remembered the third piece of advice. Then he stopped, reflected and decided to sleep outside that night. He slept in the midst of the bushes, determined to make a decision the next day. At dawn, he was calmer and thought:
I will not kill my wife and her lover. I am going back to my boss to ask him to take me back. But before I go, I want to tell my wife that I have always been faithful to her.
He went to the front door and knocked. When his wife opened the door and recognized him, she cried and embraced him warmly. He tried to push her away, but he
was not able. Then, with tears in his eyes he told her:
I was faithful to you but you betrayed me.
She was shocked, so she replied:
How did I betray you? I have never betrayed you. I waited patiently for you for twenty good years. Then he asked:
How about the man that you were caressing yesterday? And she said:
That man is your son. When you left, I discovered I was pregnant. Today he is twenty years old. Hearing that, the man asked her forgiveness. He met and hugged his son. Then he told them all the things he had experienced while away. Meanwhile, his wife prepared some coffee for them to eat together, the last bread given by his boss. After a prayer of thanksgiving, he broke the bread. When he looked at it, he found all his money inside. In fact, there was even more than the right payment for his twenty years of dedication and hard work.
Friends, our God is like this boss. When he asks us to make a sacrifice, he wants to give us more than what we give Him. He wants us to have His unique wisdom as well as the material blessings.

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✌Stop Boasting✌

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A Stages in the development of a business career

Scanning for opportunities, idea generation, and innovation/creativity.

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Two young ladies arrived in a Meeting wearing clothes that were quite revealing their body parts. Here is what the Chairman told them: He took a good look at them and made them sit. Then he said something that, they might never forget in their life. He looked at them straight in the eyes and said; "ladies, everything that God mande valuable in this world is well covered and hardly to see, find or get.

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A When to be silent

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I'm still learning…

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Sound financial management is one of the best ways for your business to remain profitable and solvent. How well you manage the finances of your business is the cornerstone of every successful business venture. Each year thousands of potentially successful businesses fail because of poor financial management. As a business owner, you will need to identify and implement policies that will lead to and ensure that you will meet your financial obligations.

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A lady committed a crime and she was sent to court. The punishment for the crime was life imprisonment. She shed tears for help but to no avail.

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A Who is the Catholic Church

Before 1517, every Christian was Catholic. As such, today we know that:
If you are Lutheran then your Church was founded by Fr Martin Luther in Germany in 1517.
If you are Menonite, your Church was founded by Grebel, Mantz and Blaurock, in 1525.

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