Propose solution/s in terms

of product/s and service/s

that will meet the need using
techniques on seeking,
screening, and seizing
opportunities:
3 Philosophy and Process
1. Opportunity Seeking
2. Opportunity Screening
3. Opportunity Seizing
 1. Opportunity Seeking
• Entrepreneurs are innovative opportunity seekers.
They have an insatiable curiosity to discover new or
different ideas that will work in the marketplace.
This curious streak is what separates them from the
ordinary businessman whose obsession is, simply,
to make a profit from producing, buying and selling
goods. A lot of wannabe businessmen set up shop
to repeat what everybody else is doing but this is
not really entrepreneurship. It is just doing
“business as usual.”
 Opportunity Screening
• You have looked at your surrounding
environment. You have considered the trends
in the market place. You have an idea of what
products or services people are looking for.
You have familiarized yourself with current
and future advances in technology. At this
point, you should already have a list of
possible opportunities and business proposals
that you can take on as an entrepreneur.
 Opportunity Seizing
• After screening several opportunities according to well-
defined criteria, the next step for the entrepreneur is to
seize the chosen business opportunity. At one end,
there are critical factors that enable the entrepreneur
to exploit the opportunity to the heights of success. On
the other end, there are critical factors that would drag
down the opportunity to failure. Therefore, the
entrepreneur must determine exactly what critical
factors cause business opportunities to succeed and
what critical factors cause it to fail.
"Success is not final; failure is not fatal: It is the courage to continue
that counts."