ELI5: Explain Like I'm 5

Business opportunity

Alright kiddo, have you ever heard of a lemonade stand? You know how you set up a table and make some yummy lemonade for people to buy, right? Well, that's a business opportunity!

A business opportunity is when someone sees a way to make money by providing a good or service that people want or need. It's like finding a problem that people have and coming up with a solution for it.

Let's say you noticed that a lot of people in your neighborhood have dogs, but they don't have a lot of time to take them for walks. Bingo! You could start a dog walking business and offer to take their pups out for some exercise. Just like that, you've found a business opportunity.

But there are some important things to think about when it comes to a business opportunity. You need to make sure there are enough people who want or need your product or service, and that they are willing to pay for it. You also need to figure out how much it will cost to make and sell your product or service, so you can make a profit.

So, in short, a business opportunity is when someone sees a way to make money by solving a problem or fulfilling a need. It's all about finding a way to provide something people want, and figuring out how to sell it to them.