BUSINESS OPPORTUNITIES

Business Opportunities
Objectives:
1. definition of business opportunity
2. types of business opportunity
3. identification of business opportunities
4. procedures for starting and registering a business

Definition

Business opportunity means the identification of possible goods and services within an environment that might become a business which an entrepreneur can invest money for a profit.

1. Blogging

2. App creation

3. Affiliate marketing

4. Online course creation

5. Cyber security

6. Artificial intelligence etc

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​Types of Business Opportunities

Multiple Choice

When a business name is registered, _____ is issued.

• Certificate of Registration

• Business Certificate

• Corporate Certificate

• Governance Certificate

Importance of Business Opportunity

Business Opportunities allow businesses to create and implement ideas and innovations and improve their performance.

Procedures for Starting a Business

1. Conduct market research

2.              Write your business plan.

3.              Fund your business.

4.              Pick your business location.

5.              Choose a business structure.

6.              Choose your business name.
7.              Register your business.

8.              Get federal and state tax IDs.

1.                      Conduct name availability check.

2.                      Complete the pre-registration forms.

3.                      Pay filing fee and stamp duties.

4.                      Prepare and upload documents.

5.                      Submission for registration.

Procedures for Registering a Business Name