5 9413 trend 2 social forces social trends alter how

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: to help iden8fy paths worth pursuing 7 Three Ways to Iden8fy an Opportunity 4 9/4/13 First Approach: Observing Trends •  Observing Trends –  Trends create opportuni8es for entrepreneurs to pursue. –  The most important (environmental) trends are: •  Economic forces •  Social forces •  Technological advances •  Poli8cal ac8on and regulatory change Trend 1: Economic Forces Economic trends help determine areas that are ripe for new start- ups and areas that start- ups should avoid. Example of Economic Trend Crea8ng a Favorable Opportunity •  A weak economy favors start- ups that help consumers save money. •  An example is GasBuddy.com, a company started t...
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online