Hi, Guest
Harvard business school says evaluate the following five areas when considering a new opportunity.
1) The company - are they credible, solid history, have 3rd party recognition etc...
2) Need/Marketplace - is there a need in the marketplace, who is the target market, what trends are evident etc...
3) Product - does the product fill the need, affordable to market etc...
4) Compensation - how well do you get paid, residual income?, how often do you get paid etc...
5) Timing - is the company/product positioned for growth, is there competition, market saturation, personal timing (life) etc...
This will give you a good basis for determining a good opportunity. I think the stat is something like 4 of 5 new businesses fail in the first couple years.
Carey
1) The company - are they credible, solid history, have 3rd party recognition etc...
2) Need/Marketplace - is there a need in the marketplace, who is the target market, what trends are evident etc...
3) Product - does the product fill the need, affordable to market etc...
4) Compensation - how well do you get paid, residual income?, how often do you get paid etc...
5) Timing - is the company/product positioned for growth, is there competition, market saturation, personal timing (life) etc...
This will give you a good basis for determining a good opportunity. I think the stat is something like 4 of 5 new businesses fail in the first couple years.
Carey
2004 SVT 3Dr
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STKVSTDA