How Do You Know It Is A Business Opportunity?

How do you know that the idea that you have is a good business opportunity? When do you realize that a hobby needs to be turned into something that’s going to bring in money? It can be quite tough to recognize the value of one’s idea, especially if you don’t have any background in doing business. And then you begin to wonder how those successful in business made it. How did they know that the business opportunity presented to them is something that they should really grab?

When you ask those who are already successful in running their business for years, they will tell you that there is no secret at all. They will even say that they did grab the opportunity because they felt good about it. And that made you think even harder. How do you know that a business opportunity is good enough to put your money on? These tips might just help you decide.

  • Do you like what the business opportunity is like? If it revolves around something you are interested at doing, then you should go for it. Whether it began as a hobby or something you do for your family and friends as a favour, you should definitely give it a try. Not everyone is paid to do what they want to do.
  • A good business opportunity has a clear form of return of investment. Because you are putting hard-earned money into it, you want to make sure that it will give you back the money you deserve. You don’t want to be wasting money on something that does not have a sure ROI on the road.
  • Will you enjoy doing it? There is nothing more exhausting than running a business that you don’t like. If you love what the business opportunity will make you do, then that is definitely a good opportunity to grab. When you love what you do, you never have to work a day in your life, right?

A business opportunity is not all about the money. If it gives you the feeling of contentment and satisfaction, then it should be good enough for you to try.

How Do You Make Your Business Thrive?

Several years back, you took on the challenge of starting your own business. You were very positive about the outcome back then, because you believed in the project. You went through a lot of struggles when you were just starting out, but you have gone through everything because you believed that there is something that you can do to improve the business opportunity and the idea itself. And then came the point when you no longer feel happy about everything. You feel like there is nothing that you do that is right for business.

The challenge is not just about starting up. It is also about how they can thrive despite competition. When you know what will make it thrive, there is nothing else that you cannot do. In fact, this might just lead you to your business success. So how do you do it?

  • First, you got to keep in mind that it is still a business venture. You have put money into it, that’s why you have to work hard to ensure you get all that money back with a plus. Treat it as a business opportunity and take the challenges seriously. If you need to market more, then you should.
  • Second, you have got to work on your marketing strategies. Because there is no business that thrives without a good marketing and advertising campaign in place, you have got to have one for yourself. Take a look at your marketing options and keep in mind that these tools should help you increase sales.
  • Third, think about something new. Everyone loves to try out something new. No matter what type of business you are in, there are always new ways to impress your target market. Offer them a new dish in your menu that they will love. In an instant your restaurant or catering business will be a sure hit.
  • Fourth, you should put some heart into it. Touch it with your elegance and your cultural upbringing and make it distinct from all the rest. Your ideas are good enough for business. All that you need is to trust yourself even more. You can do it.
  • Lastly, you have to trust your business idea or no one else will. It may not be a big business now, but it doesn’t mean it won’t be. Trust that your business will be a hit and it will.

Preserving The Past For The Future: 17 Wing Celebrates Black History Month

2 Lt Gregory Kuhn
17 Wing Public Affairs

In honour of Black History Month, 17 Wing Winnipeg looks back at members, who despite incredible racial challenges, scaled the ladder of the Royal Canadian Air Force (RCAF) to become admired role models for future generations.

From the infancy of the RCAF through to the early 1950’s, black enrolment was limited to ground crew, and this was only after intense screening at headquarters; orders were specifically put into place that denied black enlistment in any of the aircrew positions.

Despite these barriers, during the Second World War two black airmen succeeded in breaking through the colour barrier and served as crewmembers on RCAF aircraft, both at home and overseas.

Warrant Officer (WO) Gerald “Gerry” W.A. Bell enlisted in the RCAF in 1936, joining No 19 (Bomber) Squadron Auxiliary and commenced flight training May 1937 on one of the four new deHavilland Moth aircraft.  The unit was later re-designated 119 Squadron and called to active full-time service on September 3rd, 1939; one week before Canada declared war on Germany.

Over the next 28 years, WO Bell would test new bomber aircraft, train bomber pilots for No. 6 Command and join 424 Squadron flying operations against the enemy.  Following the war, he served at bases across Canada and with No. 3 Wing in Germany before retiring at RCAF Station Trenton in 1961. Little information is known about the second airman, Flying Officer Alan Bundy.

Most reports state that he flew 42 operational missions in Europe and was discharged from the RCAF in the year following the war with little to no recognition of his military service.

As part of Black History Month the 17 Wing Defense Diversity Advisory Group, in conjunction with HMCS Chippawa and the Naval Museum of Manitoba, will be displaying the “Canadian Blacks in the Military” wall along with the book

“For the Love of My Country: Black Canadian Contribution to the Military” at 1 Canadian Air Division Headquarters (8-12 Feb), 17 Wing Headquarters (16-18 Feb), and the 17 Wing Logistics Building (1-5 Mar).