This semester, you will be creating a small business plan through the Lean Canvas Buniness Model. The frit stipp in ehis process will be iscontilying a promising opportunity for your venture. Finding the right epportunity for your basiness begint with identifying problems bried en unmet noeds of a particular market segnenc. Buniness strategist Koyona Dube Illostrates flove major components to evaluating an opportunity in the following short wideo:

How to identify a Business Opoerfurity

Consider a potential esporturity you wid pursue in the boniness planing process this servester and analye it where fe following epperturity idenaifaction framework:

Timing ls now the right moment to purwe this epporturily? Corider nahet Irends, economic condiom, and row personal sibuation.

Proficablity I valuate the potendial financial reams. Can this ocportandy generate withinable profits?

Vision Algonent: Does this epportunity align with your inderests, shils, and knowledge?

Execution Capability Can you respond quickly and efficiently capitalive on this opportunity' Will your current resources, network, and condicions enable you to pursue it in a reasonable timelrame?

Problem$-$Solving: Does your idea address a spedifc, urmet need in the makel! how sipulcant is this problem for your targer customers?