BUSINESS OPPORTUNITY:
The lease or sale of any equipment or products or service to begin a business by purchaser-licensee is a business opportunity shortly stated as bizopp.
The four significant elements that tends to a bizopp are namely,
- Need for the business
- means to solve the need
- method / strategy to apply the means
- method to benefit
The five types of business opportunity for entrepreneurs are
- Dealership or Distributorship
- Buy a Franchise
- Filling a Niche (a profitable small segment)
- Network marketing and
- Licensing
