What Are the Characteristics of a Good Opportunity?
A good opportunity typically exhibits several key characteristics:
Market Demand: There should be a clear need or demand for the product or service in the market. Scalability: The opportunity should have the potential to grow and expand over time. Profitability: The venture should be capable of generating sufficient revenue to be sustainable and profitable. Competitive Advantage: The opportunity should offer a unique value proposition that sets it apart from competitors. Feasibility: The entrepreneur should have the resources and capabilities to execute the opportunity effectively.