Answer:
(1) Then describe 3 trends that you've noticed (either demographic, invention/technology, lifestyle, or style/entertainment) and explain how each one might generate a small business opportunity
Trends;
Usage of social media
Use of Make-ups
Creativity among entrepreneurs
(2) Make a list of at least 5 business ideas that you would be interested in starting as an entrepreneur. Then explain which one you think is the best opportunity for you. Give at least 3 reasons why this opportunity is better than the others
Agriculture
Fashion
Photography or Cinematography
Restaurant
Transportation and logistics
Explanation:
(1)
Usage of social media: In recent times, social media has been the best or the greatest tools used to increase sales and make more profits in businesses, it reaches the targeted clients with a wider range, this helps to make entrepreneur less stressful and reduce some variable cost that would have been spent on some other things which would affect the price of such goods, hence; increases it price. Social media has greatly increase competition in the market which helps to reduce prices of goods
Use of Make-up: This is also trending at the moment, as the pace is increasing at alarming rate. Although, it has also helped to reduce unemployment among youths and allows even males to venture into such business which is lucrative at the moment. Make-up are used mostly by females for events, high placed female counterpart in the society, looking good is trending nowadays amidst females which is boosting those that are into make-up businesses.
Creativity among entrepreneur: It is a known fact for those that understands learning, it is pertinent to create a niche if you plan to grow. Recently, it is creativity is trending among entrepreneurs through the usage of different avenue to make sales, such as comics act, skit videos to sell goods online, jingles among others. With the rate at which this is growing, in short period more creativity would be made and businesses would grow more and more.
(2)
Agriculture: This is still the best anyone could venture into for the following reasons;
it has different aspect ranging from livestock farming, crop farming, among others
Food production is on a low side which makes agriculture to be the best, the market is not yet saturated with too many competitors
It would continue to make sales as far as human lives, food consumption continues either in large quantity or retailers size
