12 RS

• Relevance


  Entrepreneurs should aim for an opportunity that aligns perfectly with their business's vision, mission, and goals, ensuring a solid foundation for success.
• Resonance


  The opportunity should be perfectly harmonious with the values and virtues that the entrepreneur desires for the business
• Reinforcement of Entrepreneurial Interests


  Entrepreneurs should seize opportunities that perfectly match their interests, talents, and skills
• Revenues.


  Verify if the products or services possess a market with substantial potential for growth and sales.
• Responsiveness


  The opportunity should effectively meet the needs and desires of customers.
• Reach


  Entrepreneurs should use opportunities to grow their businesses by creating branches, franchises, distributors, and dealerships. This will help them achieve consistent and ongoing growth
• Range


  Opportunities abound for creating a wide range of products and services to meet the diverse needs of various markets
• Revolutionary Impact


  . The entrepreneur must visualize the business as a revolutionary force of the future
• Returns


  The opportunity should offer a low initial investment with the potential for substantial returns upon selling at a higher price
• Relative Ease of Implementation.


  Entrepreneurs should find it simple to seize this opportunity, as there are only a few obstacles to overcome
• Resources required


  . Entrepreneurs should choose opportunities that require fewer resources.
• Risks.


  Entrepreneurs should be able to recognize high-risk opportunities with clarity and confidence.
• Micro


  Less than P50,000
• Cottage

  P50,001 - P500,000
• Small


  P500,001 - P5,000,000
• Medium


  P5,000,001 - P20,000,000
• 3 business ideas

  Dreamer stage

  Designer stage

  detailer stage
• Basic form of business

  Sole proprietorship

  Partnership

  Corporation

  Cooperative