Season 5 of KONECTS: MEET & GREET (KMG)DISCOVERING BUSINESS
OPPORTUNITIES AROUND YOU
Entrepreneurial
opportunities are not equally obvious
to everyone, but they are equally available to anyone with the experiences and
the knowledge of discovering them. Opportunities are themselves unstructured
and advantages and disadvantages of opportunities are largely dependent of the
individual differences in personal experience and training. Perhaps we should
analyze a little on why people move differently into various activities
associated with entrepreneurship.
Entrepreneurial behavior is
assumed to be intentional, but is limited by the demands made by the society.
We emphasize here on the effect of norms, motivation and family-related factors
and the interaction between them. Austrian-economic model states that depending
on the unique experience of individuals, some people will be at an advantage
discovering some specific opportunities. This advantage is provided by the
prior experiences of these individuals and social networks generated by these
experiences.
How individuals choose
education and career paths has therefore important effects on whether or not
they become entrepreneurs and what kind of opportunities they discover and
exploit because differences in training and work experience lead to different
idiosyncratic experiences and enable them to identify only certain types of
opportunities.
For example, a person who has
worked all her life as a teacher is more likely to identify an opportunity
related to her teaching experience than to identify an opportunity related for
example to aeronautics or to computer
science. Manyother examples abound.
Seeing, seeking and acting on opportunities is one of the characteristics of successful entrepreneurs everywhere. It is also the basis for starting and maintaining successful ventures. It involves not only generating ideas and recognizing opportunities, but also screening and evaluating them to determine the most viable, attractive propositions to be pursued.
Seeing, seeking and acting on opportunities is one of the characteristics of successful entrepreneurs everywhere. It is also the basis for starting and maintaining successful ventures. It involves not only generating ideas and recognizing opportunities, but also screening and evaluating them to determine the most viable, attractive propositions to be pursued.
What is a Business Opportunity?
A business opportunity may be
defined simply as an attractive or proposition that provides the possibility of
a return for the investor on the person taking the risk. Such opportunities are
represented by customer requirements and lead to the provision of a product or
service which creates or adds value for its buyer or end-user.
However,
a good idea is not necessarily a good business opportunity. For example, you
may have invented a brilliant product from a technical point of view and yet
the market may not be ready for it. Or the idea may be sound, but the level of
competition and the resources required may be such that it is not worth
pursuing. Sometimes there may even be a ready market for the idea, but the
return on investment may not be acceptable. To underscore the point further,
consider the fact that over 80% of all new products fail.
Surely, to the inventors or backers the idea seemed a good one, yet clearly it could not withstand the test of the market.
Surely, to the inventors or backers the idea seemed a good one, yet clearly it could not withstand the test of the market.
So,
what turns an idea into a business opportunity?
KONECTS: MEET &
GREET (KMG);
where every entrepreneur will have an opportunity to increase their business
through various programs, the events usually have about 100 to 200 participants
from different sector of the economy.
Season
5 of KONECTS: MEET & GREET (KMG);
Venue:Protea Hotel, Ikoyi Westwood, Awolowo
Road, Ikoyi, Lagos.
Theme:
Discovering Business Opportunities
Around you.
SPEAKERS:
- Mr. EfeboOtonye (MD/CEO, AA Rescue)
- Mr. Tayo Ogidan (Snr Business Consultant, Banksome Global Resources)
- Mr. Lawrence Johnson (CEO, Skybone Logistics)
- Micheal Anyimah (GM, Zenith Bank plc)
- Emeka Henry (Emeka Henry, Obidi, Ph.D, Chief Operating Officer, Renaissance Africa Ltd)
- Chief Host, Jonathan Hanson
To further enlighten you on
KMG, I will refer you to the www.kmg.com.ng where
you can have access to exclusive information such as; Speakers of the event,
Advert rates, General rate policy, Reasons to advertise with KMG Brochure,
Benefits of KMG etc.You can also call +2348038348755 for enquiries or send a
mail to info@kmg.com.ng or ubong.j@kmg.com.ng
No need to have
second thoughts as this is the most sophisticated technique of networking that promotes
Entrepreneurial skills and empowers leadership.Follow Me On Twitter & Instagram: @effiongeton
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