Market size, Relationships, Ability to manage cash flows, Management Skillsets, Passion and Persistence.
Explanation:
Whenever a business opportunity appears, you just don't grab it without evaluating that opportunity. A wise businessman evaluates the new business opportunity on the basis of a lot of factors. Some of those factors are:
- Market Size
- Relationships
- Ability to manage cash flows
- Management Skillsets
- Passion and Persistence
When a business opportunity appears, the market size where the business would be conducted have to be analyzed and evaluated. Secondly the relationships, contacts and networks towards that opportunity are viewed. Also it is seen that you are able to manage the cash flows for this new opportunity or not. Management skillsets needs to be evaluated for the new business line. Also the passion and persistence is evaluated in yourself as well as within the other management personnel towards grabbing the opportunity.
If all of the above mentioned criteria are satisfying, then go for grabbing the new opportunity.
Learn more about Market opportunities at:
https://brainly.com/question/13354843
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