Sports Business and Entrepreneurship

Assignment Task 

This first lecture in Topic 4 evaluates the difference between ideas and opportunities when it comes to entrepreneurship. It determines that a successful entrepreneur is someone who validates their ideas in order for them to become opportunities. It conveys that the need for a product or service is extremely important before an entrepreneur goes ahead and invents or produces it. It then determines how the best ideas are ones that solve problems and considers the two types of start-ups that could be based around problems: those based on a problem you have experienced personally, and those based on a problem you think others may face. It then presents a framework to assess whether new venture ideas are feasible and worth pursuing

Questions

1. Who are the main temporary seating providers servicing the sports industry?

2. What major events do they tend to service?

3. What is the size of the major events temporary seating market in a ‘normal’ year (in terms of numbers of seats)?

4. How many seats are likely to be needed for major events in 2021?

5. What impact will social distancing have on this number?

6. Is entering the temporary seating market in sport actually a good business opportunity for Darius Carpenter?

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