Business Opportunity vs. Idea
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Questions and Answers

What is the key difference between an idea and an opportunity?

  • An idea requires exposure to risk
  • An opportunity involves commitment of resources and risk (correct)
  • An opportunity is always expensive to start-up
  • An idea is always related to business climate

    • Why may a good idea not be considered an opportunity?

  • Not Realistic
  • Too Expensive to Start-up
  • Bad Timing (correct)
  • Transportation Issues

    • What is a characteristic of a business opportunity?

  • Dependent on transportation issues
  • Always realistic
  • Involves exposure to risk (correct)
  • Does not require commitment of resources

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