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Exploring Ideas & Opportunities

Exploring Ideas & Opportunities. Goals Identify sources for new business ideas. Recognize different business opportunities . Identify you own personal goals. Look for Ideas. opportunities possibilities that arise from existing conditions ideas

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Exploring Ideas & Opportunities

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  1. Exploring Ideas & Opportunities Goals Identify sources for new business ideas. Recognize different business opportunities. Identify you own personal goals.

  2. Look for Ideas • opportunities • possibilities that arise from existing conditions • ideas • thoughts or concepts that come from creative thinking • Ideas come from a variety of sources including: • hobbies and interests • past experiences • discovery and invention

  3. Investigate Opportunities • Research can help you determine what is missing in a particular market. • Internet • library • Small Business Administration • Trade shows • special meetings where companies of the same or related industry display their products Chapter 1

  4. Compare Different Opportunities • For each business opportunity, you should consider: • Will people buy my product or service? • How much money is required to start the business? • How many hours per week will it take to run the business? • Do I have the right background to run this business? (remember you Job Attributes Checklist) • What income will this business generate? Chapter 1

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