Recognition process consists of two phases of activity, they are "discovery" and "evaluation".
Opportunity discovery is a deliberate advancement process that creates new thoughts, consolidates them to frame potential openings, and after that distinguishes the most encouraging ones for analysis that sets up the reason for business improvement and while complete evaluation of a business opportunity incorporates a hazard evaluation. A genuine evaluation of the potential dangers innate in your new business can enable you to get ready for conceivable issues and choose whether the dangers are worth the investment.