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Business Opportunity

" as they can convert those changes into an entrepreneurial venture (Bhide, 1994, p. 226). One local entrepreneur saw an opportunity when the restaurant where many employees of a large business would go for lunch every day burned down and erected a new restaurant in its place that was specifically geared to lunch-break eaters.

Bhide (1994, p. 227) found that there are a variety of ways that entrepreneurs discovered a winning idea-some "through systematic research for opportunities," some were "swept into the PC revolution," and some discovered their idea "serendipitously." Still others built a "casual job" into a business, just "happened to read about the industry," or developed an idea put forth by a family member (Bhide, 1994, p. 227). By far the largest measure of entrepreneurs, however, either copied or adapted an idea that they found through their previous employment; they found a way to do what had already been done, but better (Bhide, 1994, p. 227

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Business Opportunity. (1969, December 31). In LotsofEssays.com. Retrieved 00:09, May 16, 2024, from https://www.lotsofessays.com/viewpaper/2000668.html