Week 5 was a total messed up for me as the event i participated was just around the corner and a lot of preparation must be done so i post this weekly post late. A thousand apologies for that.
During week 5, we learnt about business opportunities. We were taught on how to grab hold on the business opportunities that won't knock twice for us. Thus, timing is a crucial factor in order to success in our business plan.
All those business opportunities are coming for either customers' need or if the product currently on the market does not fulfill the need of the consumers out there. Therefore, before coming out with a business plan, we must analyse the real need of consumers in this society, then by using our abilities as a benchmark, we can come out with a business plan that fits with the need of the society while compatible with our abilities and strengths.
After learning these new things, I will apply on my business plan in the future. First I will conduct on a survey on the need of the product i want to sell. After all the analyzing stuff, I will decide it as to be suitable or not for me to continue selling that particular product according by my own strength in pursuing the business plan.
If i find it hard to pursue i will tweak my way out and make the best out of my abilities to make the plan possible though it may have some flaw but i will minimize it with more analyzing.
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