Business Opportunity Identification Essay Example | Topics and Well Written Essays - 1500 words

Business Opportunity Identification - Essay ExampleFrom this discussion it is clear thatinnovation forms the al-Qaeda of any course opportunity. There are various factors that need to be analyzed before implementing an mod idea. UK market is the main focus in this study due to its economic stability. Any new craft fall out up should encompass such product or services that can cater unavowed customer demand. Affordability or purchasing power is another aspect that plays a vital role dapple designing a new business plan. The business opportunity which has been identified is in the wrist figure sector. Watches are highly in demand in consumer market and there is more inclination towards mark items. Branded watches are usually preferred by customers due to its unique designs that are inimitable. In this segment there lies high opportunity in context of offering unique design wrist watches to hurrying middle and lower middle segment.This report outlines that the highly competit ive UK market has different segments and middle income company shall initiate required profit margins for the retail company. Wrist watches are mostly preferred by adults and youth, and this is the business opportunity for the retail company to be launched.An entrepreneur starting a new business inevitably to take into consideration wide array of factors. These factors are related to financial and operational aspects of the new start up business. Financial factor is a major component during designing a new business.