Identifying Entrepreneurial Opportunities

Identifying Entrepreneurial
Opportunities

Table of Content
• Introduction
• data needed to support gap analysis in the evaluation of a specific entrepreneurial idea
• Interpret data appropriately to provide evidence of market potential
• Justify specific sources and methods of data collection chosen and how data relates to
identifying market potential
• Conclusion
• References

Introduction
In this contemporary business environment there is need of proper investigation before the starting of the
new venture opportunity as this industry analyses is important aspect through which the new firm can
create the innovative idea and create the creative product and service to be offer. Following report is
regards today building of unique concept that is pet grooming services in UK this is because the demand
of this service it seems a rapid and consistent growth as a number of domestic pet in in households are
increasing day by day in UK (Khodaei, 2021). Being as a budding entrepreneur coma following business
concept need to be convey in meeting with virgin money UK a who has started its new business branch
in London and the virgin money e is forward seeking for helping the community with the help of
budding entrepreneur how will establish their venture. In order to obtain money for starting new
innovative idea business that is pet grooming service for the customers.
Following report throw light on the diverse source of entrepreneur ideas and innovation which can be
further classified along with the national and market gave in accordance with the following entrepreneur
innovative idea.

Data needed to support gap analysis in the
evaluation of a specific entrepreneurial idea
A study was conducted with the participation of CEOs of various Pet Grooming
companies in the UK to identify opportunities in the market and the most effective.
Some of the related questions are formulated.
researcher to determine which of the independent variables was successful. This study
was included in order to guide you through the 5 questions given below for 50 people,
including 30 people who were in the instructions
(I) The first question in the questionnaire was: "How old are you?" The answer was that
there are four cells, indicating 18-25 years old, 26-35, 36-50, and over 50 years old. The
answers will be shown in the graph on the next slide: