entrep: 12 R's of opportunity screening

Question 1

Vision mission and ovjectives

Answer 1

relevance

Question 2

opportunity to match values

Answer 2

resonance

Question 3

opportunity resonating to interests talents and skills

Answer 3

reinforcement

Question 4

sales potential

Answer 4

revenue

Question 5

addresses the unfulfilled or underserved needs

Answer 5

responsiveness

Question 6

expanding through branches for rapid growth

Answer 6

reach

Question 7

tapping many market segments of the industry

Answer 7

range

Question 8

the next big thing

Answer 8

revolutionary impact

Question 9

highest returns on investment, high profile recognition

Answer 9

returns

Question 10

easy implementation

Answer 10

relative ease of implementation

Question 11

requiring fewer resources

Answer 11

resources required

Question 12

entrepreneurial endeavor requires risks

Answer 12

Risks

Question 13

costs related to preparation for the launch of business

Answer 13

pre-operating costs

Question 14

long term investment for the actual business establishments

Answer 14

production/ service facilities investment

Question 15

needed to operationalize the business

Answer 15

working capital investment

Question 16

monetary transaction that business is expected to engage in

Answer 16

financial forecast

Question 17

measures an enterprise’s performance in terms of revenue and expenses

Answer 17

income statement

Question 18

pertains to asset, liabilities, and equities

Answer 18

balance sheet