Due Week Three: Part I:\u00a0Opportunity Description and Concept Statement\tDescribe the entrepreneurial opportunity you chose and develop a concept statement for the team’s business.\u00a0Be sure to include the following items in the description and statement:\t1. \ufffd\u00a0Entrepreneurial opportunity\ta) \ufffd\u00a0Describe the opportunity in at least 200 words.\tb) \ufffd\u00a0Explain why it is an opportunity rather than an idea.\t2. \ufffd\u00a0Concept Statement\ta) \ufffd\u00a0Product or service\tb) \ufffd\u00a0Target market\ti) \ufffd\u00a0\u00a0\u00a0Describe the common approaches you would use to assess that your opportunity meets the needs of the target market and is a profitable opportunity.\tc) \ufffd\u00a0The benefits of the product or service\td) \ufffdThe positioning of the product or service\te) \ufffd\u00a0Evaluate the opportunity\ti) \ufffd\u00a0\u00a0\u00a0List the evidence that supports the need for the potential opportunity. Is the opportunity a societal need? Is it due to the diversity of the industry? If the opportunity is the same as someone else’s idea, what makes it stand out from the rest?\u00a0\tf) \ufffd\u00a0\u00a0Statement must be at least one page total\tSee p. 83 of\u00a0Entrepreneurship\u00a0for an example concept statement.<\/p>\n","protected":false},"excerpt":{"rendered":"
Due Week Three: Part I:\u00a0Opportunity Description and Concept Statement Describe the entrepreneurial opportunity you chose and develop a concept statement for the team’s business.\u00a0Be sure to include the following items in the description and statement: 1. \ufffd\u00a0Entrepreneurial opportunity a) \ufffd\u00a0Describe Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-217881","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/217881","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=217881"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/217881\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=217881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=217881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=217881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}