Analysis of Business Opportunities and Entrepreneurial Success in Nigeria: An Emphasis

Abstract

This study theoretically centred on an in-depth analysis of business opportunities and entrepreneurial success in Nigeria. It emphasized that entrepreneurs must have the vision and ability to conceptualize ideas transform into opportunities and values in order to become successful in their chosen ventures. These they could achieve through a thorough understanding of all impacting environmental forces at work in their domain of operation. They must take some risks, properly evaluate them under some prevailing circumstances and come up with new products and services that appeal to the needs of society. Successful entrepreneurs create big businesses, contribute to social and economic growth and empower society to grow and develop by encouraging industrialization, increase in Gross Domestic Products, direct foreign investments and provision of adequate infrastructural development in their operating environments or society.

Key words: Business opportunities, Entrepreneurial success, industrialization, direct foreign investment, Gross Domestic Products and adequate infrastructure.