14. • In group of 5, please identify a problem
– disease
– Traffic jam in UTM
– Bus ticket price fluctuation
15. • Identify the causes towards the problem,
categorize by the people, machine, process, etc
• Are there any primary cause? How about the
secondary causes?
• Draw the diagram in the mahjong paper
• Do a quick presentation & get other group
opinions
17. • In analyzing your business ideas you must be able to pass
them through a test to determine if they truly are valid
opportunities
• All of your ideas must have a demonstrated need, ready
market, and ability to provide a solid return on
investment.
• Is the idea feasible in the marketplace? Is there demand?
Can it be done? Are you able to pull together the persons
and resources to pull it off before the window of
opportunity closes? These questions must be considered
and answered.
18. • Opportunity-focused entrepreneurs start with the
customer and the market in mind.
• Evaluation criteria:
– Market – structure, size, growth rate, capacity,
market share,
Ccost structure, the core economics, exit strategy
issues, time to breakeven, opportunity costs, and
barriers to entry
19. 1. Does this business get you excited?
2. Is this business "you"?
3. Have you done this before?
4. Can you walk the walk?
5. Got customers?
6. What's your "natural advantage"?
7. Can you do it now?
8. Will it support you?
