Page 13 - INNO4CHANGE_WP3_M4_Guiding session_EN

BUSINESS OPPORTUNITY RECOGNITION TIPS

Recognising business opportunities in the realm of social and environmental challenges

requires a keen sense of observation, understanding of societal needs, and an innovative

mindset. You need to identify areas where business solutions can effectively address

pressing issues, creating societal impact and economic value.

Here are some top tips in this area:

Keep abreast of current social and environmental issues by following news, reports, and

research in these areas. Understanding the root causes and effects of these challenges is

crucial for identifying potential business solutions

Direct engage with communities affected by social or environmental issues provides

invaluable insights. Listen to their experiences and needs can spark ideas for relevant and

impactful business ventures

Focus on creating solutions that are not only profitable but also sustainable in the long run.

This means considering the environmental impact, social equity, and economic viability of

your business model