Other Added - Evaluating an Opportunity

• demographic, such as the "graying" of America (creating opportunities in health services, for example);

• sociological developments, like the "green" movement, with its emphasis on recycling and environmental sensitivity, and;

• cultural changes caused by changing economic conditions and technological developments.

Opportunities can also frequently be found in current and developing business trends such as:

• the globalization of business,

• the need for outsourcing created by downsizing, and

• the burgeoning service economy.

The Internet and rapid growth of e-commerce have certainly created changes in the process of buying books and CD’s, trading stock, delivering information, and bidding on collectibles. Where do you see the next process to be transformed in a major way by the Internet?

Let’s do a brief case study in opportunity:

Neighborhood Coffee Shop

I live in the eastern section of town, which is growing rapidly, and food and business services are not quite keeping up. The "East" is fairly isolated from the rest of the city by water, an interstate highway, and an industrial park, forming a separate and distinct market. “People” are saying that the East desperately needs a good coffee shop. (Who are these people? Are they just in our immediate circle? Are they representative enough of the area to extrapolate from?)

Let us analyze some factors which indicate the opportunity potential of an idea:

* The "window of opportunity" is opening, and will remain open long enough.

Opportunities can also frequently be found in current and developing business trends such as:

• the globalization of business,

• the need for outsourcing created by downsizing, and

• the burgeoning service economy.

The Internet and rapid growth of e-commerce have certainly created changes in the process of buying books and CD’s, trading stock, delivering information, and bidding on collectibles. Where do you see the next process to be transformed in a major way by the Internet?

Let’s do a brief case study in opportunity:

Neighborhood Coffee Shop

I live in the eastern section of town, which is growing rapidly, and food and business services are not quite keeping up. The "East" is fairly isolated from the rest of the city by water, an interstate highway, and an industrial park, forming a separate and distinct market. “People” are saying that the East desperately needs a good coffee shop. (Who are these people? Are they just in our immediate circle? Are they representative enough of the area to extrapolate from?)

Let us analyze some factors which indicate the opportunity potential of an idea:

* The "window of opportunity" is opening, and will remain open long enough. Job Interview Questions
Let’s face it, the job hunting process isn’t necessarily all that fun, and the toughest part is to sail through those job interview questions that are meant to filter the candidates to a single winner out of 4, 5 or sometimes dozens of them.I recall my first interviews. I was nervous like hell, and with good reason. I was going to meet the person who, in the lapse of an hour would be deciding whether I would have a livelihood to coun and rapid growth of e-commerce have certainly created changes in the process of buying books and CD’s, trading stock, delivering information, and bidding on collectibles. Where do you see the next process to be transformed in a major way by the Internet?

Let’s do a brief case study in opportunity:

Neighborhood Coffee Shop

I live in the eastern section of town, which is growing rapidly, and food and business services are not quite keeping up. The "East" is fairly isolated from the rest of the city by water, an interstate highway, and an industrial park, forming a separate and distinct market. “People” are saying that the East desperately needs a good coffee shop. (Who are these people? Are they just in our immediate circle? Are they representative enough of the area to extrapolate from?)

Let us analyze some factors which indicate the opportunity potential of an idea:

* The "window of opportunity" is opening, and will remain open long enough. How Do You Welcome Visitors To Your Business
I visited a local lighting store a week ago. There was a receptionist at the front. She looked at me without saying a word to me. Not a “hello” or a “can I help you”? I thought to myself, “She’s not exactly oozing enthusiasm”. Someone forget to tell her that a warm welcome sets the tone for a good experience in the store.I didn’t know it at the time, but this was a sign of things to come. The store wasn’t very busy. I think there wee Shop

I live in the eastern section of town, which is growing rapidly, and food and business services are not quite keeping up. The "East" is fairly isolated from the rest of the city by water, an interstate highway, and an industrial park, forming a separate and distinct market. “People” are saying that the East desperately needs a good coffee shop. (Who are these people? Are they just in our immediate circle? Are they representative enough of the area to extrapolate from?)

Let us analyze some factors which indicate the opportunity potential of an idea:

* The "window of opportunity" is opening, and will remain open long enough. Top Customer Service Speaker Shares His 10 Favorite Customer Service Lies
As a seasoned customer service consultant and occasional consumer watchdog, let me share my 10 favorite customer service LIES.(1) Your call is important to us.If this were true, companies would staff adequately and not discourage call volumes through daunting electronic menus, long waiting times, and incessant prodding to seek alternate help at web sites. It is precisely because calls are UNIMPORTANT that they are handled so tely needs a good coffee shop. (Who are these people? Are they just in our immediate circle? Are they representative enough of the area to extrapolate from?)

Let us analyze some factors which indicate the opportunity potential of an idea:

* The "window of opportunity" is opening, and will remain open long enough.

We cannot be the only entrepreneurs that perceive these opportunities. How long before the need becomes compelling enough for others to jump in?

* Entry is feasible, and achievable with the committed principals.

Two friends want to be partners with me in a venture; one is managing a coffee shop across town, and willing to manage a startup. Between us, we could muster the capital for a coffee shop.

* The proposed venture has some competitive advantage.

We were among the first to locate in the new area, and are very active in the local business community. We know of an ideal site, and the building manager is a friend. She is willing to sub-contract the beverage and light-meal/dessert services the building provides tenants.

* The economics of the venture are "rewarding and forgiving.”

Materials costs are a small percentage of revenues; site preparation and equipment costs are minimal.

* We can break even at what seems to be an easily achievable volume.

We may even want to consider a more upscale atmosphere based on what some say is the difference between a “coffeehouse” and a “coffee shop:” About two bucks a cup… A coffee shop is a place to grab a quick bite and a cheap cup of coffee.

Eric Gerber of the MSN Network’s Sidewalk suggests that “A c

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