Question

Discuss the various form of entrepreneurial opportunities and give examples?

Answer 1

Explanation:

this is the answer for your question

Answer 2

Answer:

Concept:

       Entrepreneurial opportunity arises when there is a clear consumer need and the ability to deliver the sought good or service. In the sphere of entrepreneurship, some requirements must be satisfied before a concept can become an opportunity.

Explanation:

Different Business Possibilities

You have a wide range of business opportunities to pick from. Here is a quick overview of the various business opportunities out there.

Purchasing a franchise

• A franchise is an already-running company with a sound business strategy and operational procedures.
• An entrepreneur is permitted to use a well-known company name to run a new enterprise. They can then get assistance with marketing, promotional materials, new business products or services, etc., from the franchise headquarters. McDonald's and Subway restaurants, house cleaning companies, Dollar Stores, and fitness facilities are all excellent examples of well-known franchises.

Dealership or Distributorship

• A distributor is a person or corporation with a contract to sell goods or services made by another business. Consider an Amway or Avon distributor as a good illustration.

Network Marketing

• A network marketer works to find new distributors in addition to distributing the goods or services provided by the parent company.
• You can make a good living by building a "network" of distributors by collecting residual commissions from the distributors who report to them. This business chance is often referred to as multilevel marketing.

Licensing

• You can utilize your marketing skills to advertise a brand-new or already-existing product by obtaining a license.
• Consider Disney-branded goods. An inventor might have a fantastic idea for a kid's toy that would sell like hotcakes if the well-known Mickey Mouse was affiliated with it. The innovator might create his product and split the earnings with the licensor by obtaining a license from Disney (Disney).

Taking on a Niche

• While pre-made or other business chances that come from a parent or franchise company that is already very successful can be lucrative, there are other entrepreneur prospects for someone to just identify a market demand and figure out how to address it.
• Any entrepreneur who wants to make a business of his or her own has many types of business opportunities to explore. Find the one right for you and enjoy the success you can build on your own.

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