Surveying Business Opportunities
Business
This is one of the most intriguing of our 3 situations, especially for the younger prospect
ive businessman. Even though he has made a tentative selection of a kind of business to enter, the survey approach may prove valuable either as a test of his present idea or in suggesting more promising alternatives.
Various motives in addiction to those mentioned prompt different individuals to survey the opportunities available for launching a new enterprise. Most of these will fall in one or more of the following categories:
- Capitalizing on trends to get in early.
- Cashing in on special abilities.
- Making profitable use of an inheritance.
- Meeting wants neglected by monopolies or big business.
- Meeting wants resulting from population shifts, changing age composition of the population.
- Put a hobby to productive use.
- Put new discoveries into use.
- Seeking a large and continuous profit.
- Seeking to be of public service.
- Seeking to put new materials or waste products to profitable use.
- Seeking to solve widespread consumer problems are already discussed.
- Wanting to help minority groups.
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