Professional Documents
Culture Documents
Entrep Reaction Paper of Majc Nonato
Entrep Reaction Paper of Majc Nonato
Nonato
MBA 209/31-MAY-2019
PROFESSOR: DR.RAMON N. DALUDADO
REACTION PAPER TO TOPIC: START UP OPPORTUNITES (KINDS, SOURCES,
OPPORTUNITIES)
I have learned that starting a business is complex, time consuming and requires thorough
planning. There are a lot of things to consider than just providing the products or services that
your business offers. You will be primarily responsible for your business’s funds, staffs’
management, permits legality, keeping lot of records, protecting your personal assets and
providing back up plan. If you understand what the fundamental steps in doing a business are,
you may minimize the risks and potential challenges that might occur as being an entrepreneur.
Nowadays, many people who enter business are looking for something that feeds their
passion. This is how kinds of start up opportunities are very important to entrepreneurs. The
businesses are being started from scratch to a well managed project as we consider some special
start up ideas in line with innovative, commoditized or hybrid businesses. Innovative ideas are
the high class and modern state of kinds of start up businesses. It tends to grow rapidly and for a
very short time, get a lead over to the market. If we are considering starting a commoditized
business, since these maybe tangible or intangible service or product, these has been done
successfully many times in the past and can provide a high enough degree of quality than other
kinds of business. While hybrid businesses are the kinds of ideas which borrow a little bit from
the commoditized and innovative type. There are no ideas that are really perfect. We have to
choose carefully between the extra costs and slow growth of traditional type as this is more
first come up with ideas from different sources that should lead us to starting a well planned
business. The sources may come or be generated through surveys, training, experience, hobbies,
talents, strengths of an individual, market gaps (niche), events, media, shows, exhibitions, or
Most business startups usually begin with high hopes and investor confidence; however, a
few circumstances can either identify or evaluate investment opportunities. Without adequate
finance or fund, startups tend to break down completely or thrive, and this serious obstacle often
causes starting businesses to seek financial backing for startups. There are a lot of few tips on the
procedure we can adopt, in order to source for the required funding for the startups. We can
consider bootstrapping in order to ensure that we have some saved up funds so we can easily
accessed funds by obtaining from our personal assets, or from friends and family. We can also try
crowd funding as it made easier for the entrepreneurs to share their fund problems on an
interactive social platform. Having some angel investors, incubators, accelerators or venture
capitalists in your startups can also help the business to grow little by little. These groups of
people with a huge amount of capital are willing to invest on over the edge of business ideas.
Another amazing way to source funds is through engaging in competitions or contests that
requires showcasing or pitching business module against others. There are also traditional ways
of funding businesses like through bank loans from commercial or microfinance providers as
well as some government programs that offer startup capital. Some other ways of raising money
brand and allows sizing up the demand for the product before its official launch to the market.
Refining startup businesses are never been that easy but these make the stage to
laziness. The ideas sound good on paper but it is not feasible in reality based on the resources
available, including time, money and manpower. So we have to refine these startup opportunities
in order to continue striving for its best. We may check the competition, determine what needs
our ideas fill with the customer, project the cost and time required to get the idea transformed
into a prototype product or service, define the market as specifically as possible and that’s the
time we can decide how we can reach the market and complete a profit and development costs.
But this is not always the smartest steps to do. Usually it is best to take a step back before we go
all in together. Making mind maps to explore every aspect of the startup ideas and creating
Start up opportunities play a vital role in the world of business as it need to invest lot of
time and money not only to the products and services itself but into conducting some market
research too. Besides, one of the most common mistakes is to go into a business without having
fully understood or researched how to do it right even when there is a appropriate funding or
resources for it. That is why; we should be knowledgeable and well equipped by considering
start up opportunities as this may help as start, promote, and run the business as well as to
identify and evaluate our funds on how much money is needed and how to spend it wisely.
Knowing all these startup ideas of businesses are the first step in engaging in the
business. We must not just develop a service or a product and throw it to the market. We have to
use mix open ideas exploration, structured documentation, market research and real feedback to
polish our ideas and refine our business plan to adapt the wants and needs of potential
consumers.