business opportunities\nentrepreneurs can find business opportunities to start a business if they do not…

business opportunities\nentrepreneurs can find business opportunities to start a business if they do not have an idea of their own. business opportunities are investments such as franchises, licensing, and network marketing. by investing in a solid business plan and product, success can come quicker than starting from scratch.\nto determine the viability of a business opportunity, an entrepreneur should consider five factors. these factors are market size, relationships, managing cash flow, management skillset, and passion. by analyzing these factors, an entrepreneur can determine if a business opportunity will be successful.\npurpose\nupon completing this project, you will better understand how to test the viability of a business opportunity.\nsteps for completion\n1. which business opportunity involves recruiting marketers to join a team?\na. \n2. which business opportunity involves higher start - up costs?\na. \n3. which business opportunity obtains licenses to use a brand name?\na. \n4. which viability factor involves the potential funding of a business opportunity?\na. \n5. which viability factor involves building relationships with experienced professionals?\na. \n6. which viability factor can help an entrepreneur make up for a lack of skills?\na. \n7. which viability factor analyzes the skills of employees?\na. \n8. which viability factor researches the demand for products or services?\na.

business opportunities\nentrepreneurs can find business opportunities to start a business if they do not have an idea of their own. business opportunities are investments such as franchises, licensing, and network marketing. by investing in a solid business plan and product, success can come quicker than starting from scratch.\nto determine the viability of a business opportunity, an entrepreneur should consider five factors. these factors are market size, relationships, managing cash flow, management skillset, and passion. by analyzing these factors, an entrepreneur can determine if a business opportunity will be successful.\npurpose\nupon completing this project, you will better understand how to test the viability of a business opportunity.\nsteps for completion\n1. which business opportunity involves recruiting marketers to join a team?\na. \n2. which business opportunity involves higher start - up costs?\na. \n3. which business opportunity obtains licenses to use a brand name?\na. \n4. which viability factor involves the potential funding of a business opportunity?\na. \n5. which viability factor involves building relationships with experienced professionals?\na. \n6. which viability factor can help an entrepreneur make up for a lack of skills?\na. \n7. which viability factor analyzes the skills of employees?\na. \n8. which viability factor researches the demand for products or services?\na.

Answer

Brief Explanations:

  1. Network marketing involves recruiting marketers.
  2. Franchises usually have higher start - up costs.
  3. Licensing is about obtaining licenses to use a brand name.
  4. Managing cash flow is related to potential funding.
  5. Relationships involve building connections with professionals.
  6. Passion can help make up for lack of skills.
  7. Management skillset analyzes employee skills.
  8. Market size researches product/service demand.

Answer:

  1. a. Network marketing
  2. a. Franchises
  3. a. Licensing
  4. a. Managing cash flow
  5. a. Relationships
  6. a. Passion
  7. a. Management skillset
  8. a. Market size