Opportunity Recognition Assignment

Opportunity Recognition Student’s Name Institutional Affiliation Opportunity Recognition What is your business idea? The business idea I came up with was an online store. The store will sell a variety of items, including clothes, accessories, and electronics. How did you come up with it? The idea came from thorough examination and analysis of the market in my location. Based on the analysis, majority of individuals prefer buying items online and having them delivered rather than going to the store. This loophole acts as an opportunity. What excites you about it? The most exciting part of the idea is that the business will be making the lives of many individuals much easier since it will eliminate the tiresome work of queuing in stores. Is yours a retail, service, manufacturing, distribution, or internet business? The business will be a retail store that mostly sells foodstuffs, home appliances, clothes, and accessories. The store will be based online to eliminate the need for a physical location. Who do you see as your potential customers? Retail stores are able to attract a large market segment because of the endless number of items that can be sold online. When starting out the store will sell items for Millennials, generation X...