Reference no: EM133392689

Question

Akosua Parker has decided to start her own business. She plans to find an attractive opportunity and start an e-commerce company, just as Jeff Bezos did when he created Amazon.com. As a new entrepreneur fresh out of university, she needs to create or recognize an opportunity or a problem gap either through her Prior Knowledge, Social Networks, Active Search or Alertness and turn it into a business venture. However, she still does not understand the difference between a business idea and an opportunity. Question: Based on the entrepreneurship knowledge you acquired this semester, provide a two-page practical steps or process; free consultancy service for Akosua Parker, on: (a) How can she ensure that her new business idea is an opportunity for her instead of just an idea? (b) When she is convinced that she has created or identified a business opportunity, what must she do next and why?