Entrepreneurs create opportunity first from unmet needs or unsolved problems in the market and only then do they gather the resources to exploit that opportunity.

Question

Quizplus · Accepted Answer

Entrepreneurs often identify gaps in the market or unmet needs, which represent opportunities for new products, services, or solutions. Once they have identified these opportunities, they then proceed to gather the necessary resources, such as capital, talent, and technology, to exploit these opportunities and bring their solutions to the market.

Entrepreneurs Create Opportunity First from Unmet Needs or Unsolved Problems