Generating Business Ideas

Business studies study module

For an entrepreneur, the first step in starting a business begins with an idea (business idea).

Business ideas are all about thoughts on possible businesses an entrepreneur can start or improve. It indicates among other things;

  1. The products to produce/sell
  2. Who the business will sell to (market)
  3. Where the business will be located
  4. How the will be run (management)
  5. Why the business is needed (objectives)

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