Identifying Entrepreneurial Opportunities

IDENTIFYING
ENTREPRENEURIAL
OPPORTUNITIES

INTRODUCTION
 Entrepreneurial opportunities can be defined as various situations in which an
entrepreneur can enhance its profits or raise efficiency level of business.
 This assignment includes brief evaluation of numerous sources of
entrepreneurial innovations and ideas.
 It also shows use of different rational business ideas and market gap.

Background information
 For setting up an entrepreneurial business, an idea to open a new restaurant on a
hill station Attleborough situated in England, has been identified
 This idea of opening the restaurant has been inspired from various factors
 These factors include conversion of huge number of population into vegan
which leads in increasing the demand of vegan restaurants in all over the world.
Increase in demand in market
 Attleborough is a beautiful hill station of UK, which attracts the tourists at the
most. It increases the demand of vegan foods in Attleborough.

CONTINUE...
Recent trends
 Further, as per the resent trends, most of the Attleborough population
has turned their preference from non vegan to vegan foods.
 . It is also the biggest factor to inspire the idea of opening a vegan restaurant
idea over there, as it would result in attracting local customers as well.
Investment
 Opening a new restaurant in this location needs less amount of
investment and can provide maximum profit to entrepreneur.
 In this regard, being a start up and entrepreneur, it is always a better idea to
enter into a restaurant business.

Introduction to business idea, potential and target customers
 Being an entrepreneur, there is an idea to enter into a restaurant business.
 Restaurant will sale vegan food. Further, restaurant is going to be open in a hill
station of UK namely Attleborough with a name Springled Food Restaurant.
 In recent times, vegan food is in more demand in all over the world. As per the
recent statics 80% of the total population of the world and 60% of the
Attleborough population, have changed their preference from non vegan foods
to vegan foods. In this way, the restaurant can generate huge profit. As it will
attract most visitors towards its food.

Competitor atnalysis
 Before starting any new business, entrepreneurial need to analyse the
strategies and business of competitors of the market.