When is an idea an entrepreneurial opportunity?

Entrepreneurial Idea: An idea is a mental impression, concept or plan, an intention, purpose or essential feature which may or may not meet the criteria of an opportunity. An idea is an opportunity when it is attractive, durable and timely and is anchored in a product or service that creates or adds value for its end buyer or user. Customers must receive a perceived benefit from the purchased product or service. The most successful entrepreneurs are opportunity-focused; that is, they start with what customers and the marketplace want and do not lose sight of this.

What makes an opportunity an entrepreneurial opportunity?

Opportunity: Opportunity has been cited as a critical and unique component of entrepreneurship. Entrepreneurial opportunity is a situation in which new goods, services, materials and organizing methods can be introduced and sold at greater than their cost of production. An entrepreneurial opportunity exists whenever there is a need, want, problem or challenge that can be addressed, solved and or satisfied in an innovative way.

Opportunities not ideas.

Entrepreneurial Idea:  An idea is good start for one intending to start any profitable business venture. It’s the mental impression of   construed representational images. The idea however needs to be turned to an opportunity to become a viable business venture. Opportunity is a set of circumstances that make it possible to do something or a combination of advantageous circumstances. “A wise man will make more opportunities than he finds.”  

Believe in your self

Believe in yourself. Every success, every great achievement begins with somebody believing in themselves "yes i can". If you do not believe in yourself, who will? Every day, look in the mirror and say, “I am the best I can possibly be and I am going to do great things today!” You have to convince yourself first before you can convince others. The words you speak, your Confidence in them shape your destiny believe, believe, believe, before you start. If you move full speed ahead with aplomb, people are bound to move with you despite the fact that you have no clue as to what you are doing.

(The Self-confident assurance helps you handle life's difficult situations with strength, patience, wisdom, and grace.)