Question

why are ideals not necessarily entrepreneurial opportunities? what should be done to bridge the gap between the two?

Answer 1

An idea resembles that of a seed, an impression of an idea or an idea that rotates around apparently succsesful for product or service. An idea that needs some measure of business approval before it shapes self into a chance. Opportunity is the consideration and supporting that a planter needs to try for to transform the seed into a sapling and afterward permit it to develop into a tall tree. The plant specialist guarantees that it gets great soil, daylight, legitimate condition and security from unforgiving downpours or climate conditions.

A business idea may not really be a business opportunity; one needs to channel and filter through these plans to acknowledge whether they are genuine chances. The greater part of the occasions, these ideas remain dormant because of the lack of courage, resources, time and money or mere inability to take action. What's more, the individuals who demonstrate boldness to make a move for the most part observe their fantasies go off course because of absence of far located vision or absence of readiness. The entrepreneur or the administration should possess the obligation of its prosperity or disappointment paying little mind to the conditions.

Things that should be done to bridge the gap between the two are:-

• Write a proper business plan to develop an idea into opportunity.
• A proper skilled and qualified team is required as no individual alone can turn an idea into opportunity.
• The right leadership is the key
• Proper planning of allocation of resources must be done
• Proper corrective and back up options should also be ready