What are the four basic sources of entrepreneurial opportunities?

The fundamental purpose of starting a business is to meet the needs of customers. And customer needs are a problem before they are met. An important way to discover entrepreneurial opportunities is to be good at discovering and understanding the needs of yourself and others or the difficulties in life.

Step 2 change

Most entrepreneurial opportunities come from the changing market environment. When the environment changes, market demand and market structure will inevitably change. Peter Drucker, a famous management guru, defines entrepreneurs as those who can "look for changes, respond positively and make full use of the opportunities brought by changes".

This change mainly comes from the change of industrial structure, the upgrading of consumption structure, the acceleration of urbanization, the change of population concept, the change of government policy, the change of population structure, the improvement of residents' income level and the trend of globalization.

Step 3 create inventions

The invention provides new products and services, better meets the needs of customers, and also brings entrepreneurial opportunities.

4. Competition

If you can make up for the shortcomings and shortcomings of your competitors, it will also be your entrepreneurial opportunity.

5. New knowledge and technology.

Extended data

Several definitions of entrepreneurial opportunities;

1. Entrepreneurship opportunities are products or services that can create or increase value for buyers or users. They are attractive, lasting and timely.

2. Entrepreneurial opportunities are situations in which new products, new services, new raw materials and new organizational methods can be introduced and sold at a cost higher than the cost price;

3. Entrepreneurial opportunity is a new "means-purpose" relationship, which can introduce new products, new services, new raw materials, new markets or new organizational methods for economic activities;

4. Entrepreneurial opportunities mainly refer to attractive, lasting and entrepreneurial business opportunities. Entrepreneurs can provide customers with valuable products or services, but also benefit themselves.

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