Wednesday, August 13, 2014

Idea vs. Opportunity

A business idea is a concept that can be used to make money. Usually it centers on a product or service that can be offered for money. A business opportunity is a business idea that has been researched upon, refined and packaged into a promising venture that is ready to launch. While multiple business ideas may strike on a daily basis, only few of them convert into opportunities. Example, Colonel Saunders tried for years to sell his chicken recipe but no one listened to him until he repackaged it with a detailed plan and KFC was born.

No comments:

Post a Comment