Choose ways in identifying Business Opportunities mentioned in the following statements. Write the answer on your notebook.

A. Look at your competitors C. Listen to your potential clients and past leads B. Listen to your customers D. Look at industry trends and insights

1. Mr. Gokongwei uses different social media platforms for his business. 2. Mr. Lucio Tan attends regularly to webinars on business trends. 3. Mr. Cruz interviewed new customers who are regular customers of his competitor. 4. Mrs. Santos provides suggestion box in her restaurant business 5. Mr. Montemayor tasted the ice cream of his competitor 6. Mrs. Ong joins online business seminars for beginners. 7. Mr. Gomez creates surveys about his customer's likes and dislikes. 8. Mrs. Reyes introduces a new flavor to her Milk Tea House. 9. Mr. Moreno creates advertisement to his salon business. 10. Mr. Alas compares his product from brand X and Y.

Ways to Identify Business Opportunities 1. Listen to your potential clients and past leads. When you're targeting potential customers listen to their needs, wants, challenges and frustrations with your industry. Have they used similar products and services before? What did they like and dislike? Why did they come to you? What are their objections to your products or services? This will help you to find opportunities to develop more tailored products and services, hone your target market and identify and overcome common objections 2. Listen to your customers. When you're talking to your customers listen to what they are saying about your industry. products and services. What are their frequently asked questions? Experiences? Frustrations? Feedback and complaints? This valuable customer information will help you identify key business opportunities to expand and develop your current products and services 3. Look at your competitor.s Do a little competitive analysis (don't let it lead to competitive paralysis though) to see what other startups are doing, and more importantly, not doing? Where are they falling down? What are they doing right? What makes customers go to them over you? Analyzing your competitors will help you identify key business opportunities to expand your market reach and develop your products and services. 4. Look at industry trends and insights. Subscribe to industry publications, join relevant associations, set Google alerts for key industry terms and news and follow other industry experts on social media. Absorb yourself in your industry and continually educate yourself on the latest techniques and trends https://www.smartcompany.com.au/startupsmart/advice/business-planning/four-ways-to-identify-more-business- opportunities/ A. Assimilation (Time Frame: 30 minutes) Learning Task 3 Choose ways in identifying Business Opportunities mentioned in the following statements. Write the answer on your notebook A. Look at your competitors M C. Listen to your potential clients and past leads B. Listen to your customers D. Look at industry trends and insights 1. Mr. Gokongwei uses different social media platforms for his business. 2. Mr. Lucio Tan attends regularly to webinars on business trends. 3. Mr. Cruz interviewed new customers who are regular customers of his competitor. 4. Mrs. Santos provides suggestion box in her restaurant business 5. Mr. Montemayor tasted the ice cream of his competitor 6. Mrs. Ong joins online business seminars for beginners. 7. Mr. Gomez creates surveys about his customer's likes and dislikes. 8. Mrs. Reyes introduces a new flavor to her Milk Tea House. 9. Mr. Moreno creates advertisement to his salon business. 10. Mr. Alas compares his product from brand X and Y