This document outlines various sources of opportunities for entrepreneurs, including developing new markets for existing products, finding new lower-cost supply sources, applying existing technology in new ways to produce old or new products, leveraging one's own skills or expertise, capitalizing on new knowledge or technological advances, responding to changes in the environment, and aligning with government programs, policies, or public interests.

1. SOURCES OF
OPPORTUNITIES
GOUP 2

2. • DEVELOP A NEW MARKET FOR AN EXISTING
PRODUCT.
 Creating a new market for an existing
product involves identifying previously
untapped or underserved customer
segments or applications for the product,
often through innovative marketing,
packaging, or distribution strategies, to
generate additional revenue and growth
opportunities.

3. • FIND A NEW SUPPLY OF
RESOURCES THAT
WOULD ENABLE THE
ENTREPRENEUR TO
PRODUCE THE PRODUCT
FOR LESS MONEY
 Discovering a new supply of resources means
identifying alternative, cost-effective sources
for the materials, labor, or technology needed
to manufacture a product, thereby reducing
production costs and increasing the
entrepreneur's profitability.

4. • USE EXISTING TECHNOLOGY TO PRODUCE
AN OLD PRODUCT IN A NEW WAY.
Leveraging existing technology to
produce an old product in a new way
involves applying innovative
methods or processes using modern
technology to improve the
production, efficiency, or features of
a traditional product.

5. • USE AN EXISTING TECHNOLOGY TO PRODUCE A
NEW PRODUCT. UNEXPECTED SUCCESSES (OR
FAILURES).
 Utilizing existing technology to create a new
product means harnessing established
technological tools or processes to develop
an innovative product with features or
capabilities not previously seen. Unexpected
successes or failures refer to the surprising
outcomes, either positive or negative, that
can arise when introducing such novel
products to the market.

6. • ENTREPRENEUR’S OWN
SET OF SKILLS OR
EXPERTISE, OR HOBBY.
 An entrepreneur's own set of skills
or expertise, or hobby, refers to
their personal knowledge, abilities,
or interests that they can leverage to
identify business opportunities and
develop ventures aligned with their
passions and proficiencies.

7. • NEW
KNOWLEDGE AS
WELL AS NEW
TECHNOLOGY.
 "New knowledge as well as new
technology" signifies the
incorporation of fresh information,
insights, or innovations into a
specific domain, industry, or field,
often resulting in advancements or

8. • CHANGES IN THE
ENVIRONMENT.
Changes in the environment" refer to
alterations, developments, or shifts
in the surrounding conditions,
whether natural, social, economic, or
regulatory, that can impact
individuals, organizations, or
ecosystems.

9. • TECHNOLOGICAL
DISCOVERY AND
ADVANCEMENT.
 Technological discovery and
advancement refer to the
process of uncovering and
developing new ideas, methods,
tools, or systems that enhance
our understanding of the world
and improve our ability to solve
problems or meet human needs
through the application of
science, engineering, and
innovation. These
advancements can lead to the
creation of new technologies or
the improvement of existing
ones, ultimately driving
progress and innovation in
various fields.

10. • GOVERNMENT’S THRUST,
PROGRAMS, AND POLICIES.
The overarching goals,
priorities, or core focus areas
that a government seeks to
address or achieve during its
term in office. This often
includes key policy areas such
as economic development,
healthcare, education,
infrastructure, and social
welfare.

11. • PEOPLE’S INTERESTS.
the feeling of a person whose
attention, concern, or curiosity is
particularly engaged by
something: She has a great
interest in the poetry of Donne.
something that concerns, involves,
draws the attention of, or arouses
the curiosity of a person: His
interests are philosophy and chess.

12. THANKYOUUU….