Entrepreneurs play a crucial role in satisfying people's needs and wants. In a broad sense, they contribute substantially to society and the economy by creating jobs and incomes, increasing production, and promoting
Business Idea: Original Idea or Adaptation?
Business ideas can come from original ideas or adaptations. Both have different risks. While an original idea may not be tested in the market, adaptation involves less risk because it relies on existing products or services to be further
What are the characteristics of a good business idea?
Finding a good business idea is a challenging task before starting a business. First, you might generate ideas from previous work experience, hobbies, skills, or small-budget market research. Then, your next task is to filter them. And, it is
What are sources of business ideas?
Many people don't start a business because they don't know how to start or are even confused about finding a business idea. They would rather get a job in an established company than find a business opportunity and get started, full of
Business Idea: Sources and Criteria for a Good Idea
What's it: A business idea is a concept or market opportunity to make money by creating and commercializing a product. In other cases, it may not be for-profit purposes, but rather for social purposes as is a social enterprise, where profits are