Table of contents

1. Business Idea
2. Business Opportunities
Engr. Kelvin just graduated from University of London in the department of Chemical Engineering. He is shouting on his dad to sack the manager of his father electronic shop for him to take over the business.


Did Engr. Kelvin has a business idea to manage the shop he required to handle.

Δ Nevery you venture into a business you don’t have the idea.

Δ Be train, be knowledgeable for any form of business.

Δ If you enter into any business without having the relevant skills, such business will definitely scratch.


Generating business idea, opportunities in any environment gives birth to business idea.


a. It is solution to a problem long through on.

b. It is a solution to an identified problem.

Their is a business idea and business opportunity in any problem.The greatness of an idea is with the holder.

What is business idea?

It is a concept that can be used for commercial purpose.


1. Television
2. Inspiration
3. In crisis, challenges or problem
4. Internet
5. Observation
6. Trial and error
7. News paper
8 (I) Copy cat
(II) Copy cat and Blending
9. Internet
10. Research/ Survey
11. Training , Learning, Mentorship or appretiship etc.
Profitable Ideas


  1. Less competition
  2. Capturing market share
  3. Pricing flexibility
  4. Brand recognition
  5. Profitability
Business Opportunities 
A good business is not necessarily a good business opportunity.
Not all ideas and opportunities leads a profitable commercial venture.

              Opportunity Analysis 
Package the ice very well, you can sell it Ekismos. 

Your jeans is the best quality, you can't sell the Christian ladies that believed that wearing jeans is a sin. 

You have the best designed casket, you can't have a good markets in the whole world.

What is  Business Opportunity? 
A package business investment for commercial purpose.
Make up of a business opportunity. 
  • 1. Need must be identified within a geographical location.
  • 2. The means to fulfill the need within a time frame.
  • 3. Method implies technical know-how.

Identitfy Business Opportunities using SWOT Analysis


Your Strength can Position for Excellence

What do you do well?

Where do you need to improve?

What are your goals?

What obstacles do you face?

Your weakness if you converted it to Strength will be your advantage.

Opportunities perceived should be implemented immediately.

Threat of others can be opportunity to you. There is opportunity in every threat.

1.   Things you does well 
2.    Qualities that separate you from your competitor
3.   Internet resources such as skilled knowledgeable staff
4.    Tangible assets such as intellectual property, capital, technologies etc. 
  • Things your company lack
  • Things your competitor do better
  • Resources limitation
  • Unclear unique selling proposition
  • Under served markets for specific products.
  • Few competitors in your area.
  • Emerging need for your products or services.
  • Press / Media coverage of your company.
  • Emerging competitors
  • Change regulatory environment
  • Negative press / Media coverage
  • Changing customer attitudes toward your company.


Characteristics of a business which gives it advantages over it’s competitors.


Characteristics of a business which make it disadvantageous relative to competitors.


Elements in a company’s external environment that allow it to formulate and implement strategies to the increase profitability.


Elements in the external environment that could endanger the integrity and profitability of the business.


  1. A very professional competitive company
  2. Very well branded among customers
  3. Offers their product world-wide
  4. Fortune 500 company
  5. Has ventured into many different re-branding opportunities with successful results.


  1. Profits are lonely dependent on the foot-near products while other branded products are not as strong.

2. History of violations of over time laws and minimum wage ratio in Vietnam.

3. Accusations of employing workforce that will work for cheap in overseas countries

4. Constant focal point for negative cristism by the art of globalization group.


  1. Creating portwear item incorporating the wast from regular manufacturer.
  2. Stepping to the line of economy boosting projects that encourage recycling .
  3. Product development that changes as the trends change.
  4. Expansion into sport sunglasses and jewelry line.
  5. Reducing controversy.


  1. Operating business internationally opens them to the possibies of the curency vale functions that can lead to looses.
  2. Competitors are be coming more aggressive and creating more quality products that are taking from the profit of NIKE.
  3. sensitivity to price among customers leads them to purchase the most coat effective pair of sport shoes .
  4. Managing the financial conditions in the economy today.


  1. Cosmetic production business
  2. Tomatoes farming business
  3. Gym business
  4. Blogging

Why blogging is so popular ?

  1. It’s flexible and portablb.
  2. Helps build trust with customers
  3. Keeps clients up-to-date
  4. Blogs generate money


I. Requires a lot of time

II. Needs new content often

III. Payoff isn’t immediate

5. Sale of mobile phone & accessories

6. Mobile phone repairs

7. Plantain chips production & sales

8. Ice blocks production & sales

9. Liquid shop production

10. Car wash business

11. Rental service

12. Mimi importation

13. Information business (ICT) information & communication technology

14. Affiliation markings

Join —promote —- Earn

15. Website design and maintenance

16. Recharge card selling

17. Food cart & mobile phone business

18. Sports betting agency

19. Fashion business

20. Online taxi driver

21. Content developer

22. Okrika bale business

23. Pastry shop

24. Retail shop

25. Social media, Internet, Email marketing

26. Day care business

27. Laundry business

28. Car rental business

29. Film production

30. Hamper business

31. Egg supply and distribution

32. Buying of farm products at rural area and supplying urban area

33. Trading (Buying and Selling) etc.


  1. Hey, honestly your site is coming along :-), but I had a question – it’s a bit slow. Have you thought about using a different host like propel? It’d help your visitors stick around longer = more profit long term anyway. There’s a decent review on it by this guy who uses gtmetrix to test different hosting providers: and the whole video has a bunch of gold in it, worth checking out.

  2. A few things i have usually told persons is that when looking for a good on the net electronics retail outlet, there are a few issues that you have to consider. First and foremost, you should make sure to choose a reputable and in addition, reliable shop that has enjoyed great testimonials and ratings from other consumers and market sector professionals. This will ensure you are getting along with a well-known store that can offer good assistance and assistance to their patrons. Many thanks sharing your notions on this blog.

  3. Appreciate you for sharing all these wonderful blogposts. In addition, the ideal travel as well as medical insurance program can often relieve those issues that come with vacationing abroad. Your medical crisis can shortly become extremely expensive and that’s certain to quickly decide to put a financial problem on the family finances. Putting in place the excellent travel insurance program prior to setting off is worth the time and effort. Thank you

  4. Today, I went to the beach with my children. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She put the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is totally off topic but I had to tell someone!

  5. Attractive element of content. I just stumbled upon your blog and in accession capital to assert that I acquire in fact loved account your weblog posts. Any way I抣l be subscribing for your augment or even I fulfillment you get admission to constantly fast.

  6. I just could not go away your site prior to suggesting that I actually loved the standard info a person supply in your visitors? Is going to be back steadily to check out new posts

Leave a Reply

Your email address will not be published. Required fields are marked *