Demonstrate how to generate business opportunities by applying screening analysis to assess the window of opportunity.
Prompt:
We are excited that you are exploring an entrepreneurial journey, one that may lead you to launch a business while in college, after graduation, or at some future point in your life. These thoughts may focus on a new venture that you might be interested in creating, or they may focus ideas on how to launch an entrepreneurial career.
Entrepreneurial activity in the United States now accounts for much of the nation’s prosperity and its competitiveness in the global economy. The disappearance of ‘‘old’’ jobs, particularly in mature manufacturing industries, and their replacement by ‘‘new’’ jobs, especially in service and knowledge-based industries, is disconcerting to workers whose jobs are threatened. But society has to accept churning—the creation of new enterprises and the destruction of obsolete ones—because it gives the U.S. economy its vitality.
Address the following questions:
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