Business Opportunity Essay

1754 Words8 Pages
BUSINESS OPPURTUNITY- MINUTEBOX.COM All business enterprises are established with an intelligible objective of fulfilling a certain need. Once we can realize that need and find proper means of catering to it and at the same time have a method to benefit, we have what we call a ‘business opportunity’. Business opportunity has a significantly different meaning to a business idea in the sense that an idea will not necessarily have the possibility of a positive outcome while an opportunity is an idea that can be executed, showing promise of developing into a successful business. And it is the mark of a true, genuine entrepreneur to identify and properly differentiate a rare opportunity from those millions of mere ideas. We live at an age where technology is moving at a breathtaking pace, constantly changing and evolving the business world. Entrepreneurs face a difficult task of structuring and modeling their business in such a way as to make the most of these new advances. The most successful ones have managed to find a way to use the resources in hand and revolutionize the way business is done in their respective fields. One of the greatest technological discoveries of mankind, the Internet has become a popular platform for a lot of new e-business. The constant improvement and innovation of the Internet services and fast growth of its users have allowed business’s to use its vast reach and efficiency to flourish. It acts as a mechanism of connecting people and creates a social channel through which people can exchange services, and I believe this is an exciting field to investigate in term of opportunity evaluation. I have therefore chosen Minutebox.com, as my business enterprise to assess its future potential. Minutebox.com is a relatively new business, founded by co-founders Josh Liu and Cristiano Betta. It provides a mechanism through which individuals can
Open Document