From employee to entrepreneur:How to recognize an opportunity.

Abstract

Nowadays, the cost of living constantly increases which makes it extremely challenging for employees with regular incomes to build their own wealth. For this obvious reason, many employees want to become entrepreneurs. This paper aims to support employees with entrepreneurial mindset on the ways to recognize business opportunities. The paper covers a case study from real successful entrepreneurs on how they actually recognized their own opportunity. Opportunities are all around us; many times they come in form of information. Successful entrepreneurs are likely to have better access to certain kind of information than others. They also have acquired skills to integrate information based on previous knowledge, and are able to transform the acquired information into effective business execution.