Professional Documents
Culture Documents
COMMERCE DEPARTMENT
2.1 DETERMINE ENTREPRENEURIAL
IDEAS AND OPPORTUNITIES
2.1.1 BUSINESS IDEA SOURCE
- Boleh didapati dari pelbagai sumber dan boleh lahir pada
bila-bila masa.
- Ada orang mendapat idea semasa melakukan hobi (idea
from hobby)
- Idea perniagaan boleh didapati melalui usaha-usaha yang
sistematik seperti mendapat maklumat daripada sumber
Primer dan sumber sekunder. (Business idea can be accessed
through systematic efforts like gettinginformation from
Primer source and secondary resource.)
(a) Sumber Primer (Primary Source)
PRODUCT SERVICE
SELECTING A BUSINESS
SCREENING OF BUSINESS OPPORTUNITY AND PREPARING A
OPPORTUNITIES
BUSINESS PLAN
-ADMINISTRATIVE/ ORGANISATION PLAN
-LEGAL -MARKETING PLAN
-MONOPOLISTIC POWER/ -OPERATIONS/ PRDUCTION PLAN
LEVEL OF COMPETITION
-FINANCIAL PLAN
-CAPITLA REQUIREMENT
IMPLEMENTATION
-RISK
STEP 1: IDENTIFYING THE NEEDS AND
WANTS OF CUSTOMERS
Every business opportunity begins with the existence of
various customers’ NEEDS and WANTS for particular
product or service.
A NEED is something that is basic in life; we need food,
clothing and shelter.
Human needs and wants are unlimited.
This will translate into more business opportunities that can
be grabbed by entrepreneurs in offering product and
services.
An entrepreneur must be sensitive to changes in customers’
needs and wants in order to identify business opportunities.
STEP 2: ENVIRONMENTAL SCANNING
AND EVALUATION OF SELF AND
THE COMMUNITY
So far we have looked at the existence of business
opportunities arising out of the needs and wants of
customers that need to be fulfilled through the offering of the
right product and services.
In an effort to identify business opportunities, there are three
important element that need to be taken into consideration;
A. Environmental scanning
B. Self –assessment
C. Community assessment
A) ENVIRONMENTAL SCANNING
Lead to an idea that can be converted into a business
opportunity
There are two approaches in scanning the environment:
Macro
Micro
AGRICULTURAL SECTOR
b) Operation capital
Working capital is a temporary fund the
transaction. It is capital that will be used to
finance short-term normal operation.
c) Growth capital
Capital growth is different from working capital. It is not
related to the volatility of the transaction.This capital is
required when a transaction is to expand or change the
direction forward.
IV. Risk