Question

Sharon realizes that she needs additional research before she approaches potential investors. What kind of research should she do to effectively evaluate her potential business opportunity?

Answer 1

The answer is: Conduct market research to determine whether her business is a business opportunity that meets a consumer need or want.

Answer 2

If she wants effectivelt evaluate her potential business opportunity, she should go through few steps:
1.Market Research
2.Risk Assessment
3.Self-Analysis
4.Financial Components