How you can identify a profitable business opportunities?

In order to Be an Entrepreneur you need to keep an eye on the available business opportunities, and stand firm in deciding how to do business. 

There are many people setting up businesses and they fail to last long because many of them find that they are not looking at the opportunity but doing business regularly. The following are some strategies to keep you to identify business opportunities;

1. Problems and challenges that people go through.

Wherever you are, there are problems that people have or challenges that people face. By being able to solve people's  problems  you can create a business that will benefit you greatly. 

Just where you are when people have an oil challenge, you can solve that challenge by starting a business that provides such services. As well as for other needs that are missing where you are, there is a phrase "money is a reward after solving someone problem".

2. People's needs

The needs of the people, especially the basic ones are very good business opportunities. Needs are so different from problems or challenges, there are things people need for their lives to be successful. If you can give these things to people they will be willing to give you the money you need. 

Most people's  basic needs are food, clothing, shelter and health. Even if there are so many merchants that meet these requirements, you can still deliver it with the highest quality and get the customers of your business. 

Find out what basic needs people around you have, start with yourself and know there are people who have needs like yours.

'Money is a reward after solving someone problem'

3. Weaknesses of existing businesses

There some great businesses where you are right now, and people have words to say about those businesses, this is also an opportunity for you. If people make negative and complaining statements about a particular business, take that as an opportunity.

 If people are dissatisfied with the services they receive from the businesses, take that as an opportunity to start a business that will give people what they want. 

Make good use of your eyes and ears, see what people are doing and listen to what they have to say, you will see the weaknesses of other businesses that if you take advantage of it you will build a strong business.

4. Skills or Experience that Others Need

You may have some knowledge or experience gained by learning or doing something, and that experience may be needed by others. You can turn this into a commercial opportunity. It doesn't have to be professional, but whatever you have achieved, you can help others do as well. 

Look at what you have learned and understood, or been doing, you can familiar with other people who need to know what you know. You can start a teaching, training or provide guidance through what you know. The beauty of this kind of business does not require much capital to start.

5. When you are upset about it when it is done wrong

Probably something that annoys you the most when you see it done wrong. May be seeing people suffer from health problems can hurt you and make you very angry.

if you see people getting services that are not good, it hurts you a lot. You can turn this anger into a commercial opportunity. 

You can come up with a better way to do what annoys you when it's done. Look at the things that annoy you when they are done incorrectly or carelessly. Start doing them seriously or teach others to do it seriously.