If you have a Service Learning Community Partner for this class, you may be able to skip this step, as your client may already have an idea or opportunity. If so, then proceed to the Product/Service Feasibility section of this guide.
How do entrepreneurs generate ideas or identify opportunities for new business ventures?
Trend analysis, demographic analysis, and gap analysis are three methods of opportunity analysis (Hisrich, 2014).
Here is a selective list of resources that review techniques for generating ideas, as well as sites that offer suggestions based on current trends and opportunities related to the 2020 COVID-19 Global Pandemic.
"IBISWorld is closely monitoring the COVID-19 pandemic’s effects on industries and providing insights and analysis to keep you in the know. Scroll down to find insightful articles, on demand webinars and useful statistics".
"In these unprecedented times, our experts are providing ongoing insight and analysis across a range of industries to help you understand how and why consumer sentiment and behaviour are changing." Consult the Library's Mintel Academic database for available reports & analysis.