Chapter Name: Identify information sources of available business and new markets that can be accessed
Description:Focuses on market research, databases, procurement platforms, and networks.
Purpuse:To help entrepreneurs find viable business opportunities.
Rational:Access to accurate tender information increases chances of business acquisition.
Chapter Assessment
Expected Supporting Evidence:
Portfolio of Evidence 1: Electronic media sites are investigated for possible tenders. - Provides examples of websites or portals that regularly publish tender opportunities relevant to the business.
Portfolio of Evidence 2: The printed media containing new business or calls for tenders for new business are identified for own business context. - Lists newspapers or trade publications where tender opportunities are advertised, aligned to the user’s business.
Portfolio of Evidence 3: New markets are researched for potential tendering opportunities. - Conducts a market analysis to identify industries or sectors with unmet demand or upcoming projects.
Portfolio of Evidence 4: Other sources of information for tender opportunities are identified and investigated for own business opportunities. - Includes government portals, chamber of commerce, and networking events as sources for identifying tenders.
Workplace Activities
Activity 1: Search electronic tender portals
Investigate online platforms for suitable tenders
Activity 2: Check printed media for tenders
Scan newspapers or journals for tender ads
Activity 3: Research new markets
Conduct industry or sector research for tenders
Activity 4: Identify other tender sources
Use networking, events, or associations to find leads