Potential Market Flashcards
The
entrepreneur can see things
in a very positive and
__________ way amidst
difficult situation.
Optimistic
– For entrepreneur,
there are many ways
to discover
Opportunity
The the act or process of trying to get or win something.
Competition
means anything that takes place or function of another.
Substitute
The are the one that provide something that is needed or wanted by the business.
Suppliers
ESSENTIALS IN ENTREPRENEUR’S OPPORTUNITY SEEKING
Entrepreneurial Mind Frame
Entrepreneurial Heart Flame Entrepreneurial Gut Game
This allows the entrepreneur to see things in a very positive way in the midst of difficult situation.
Entrepreneurial Mind Frame
Passion is the great desire of an entrepreneur to achieve his/her goals.
Entrepreneurial Heart Flame
Ability of the entrepreneur to become intuitive. This also means confidence in one’s self and the firm believes that everything you aspire can be reached.
Entrepreneurial Gut Game
is the part of the total population that has shown some level of interest in buying a particular product or service.
Potential market
5 FORCES COMPETING WITHIN THE INDUSTRY
BUYERS
NEW ENTRANT
RIVALRY
SUBSTITUTE PRODUCTS SUPPLIERS
are the one that pays in cash n exchange with your goods and services.
BUYERS
refers to the threat new competitors pose to existing competitors in an industry.
A NEW ENTRANT
is a state in which people or groups are in direct competition with each other.
RIVALRY
are the products that takes the function of another.
SUBSTITUTE PRODUCTS
