BUSINESS IDEA GENERATING

A business idea is what is cooking in mind of an entreprenuer concerning a possibles business, where the business should be located, why the business should start and how the business will run.

WAYS OF GENERATING BUSINESS IDEAS

1. Personal observation- identifying gap in society ans generating a business idea to solve the pandemic.

2. Research market- through google, newspapers, radio etc.

3. Hobbies- start a business that you like, intrested or have passion in.

4. Brainstorming- means i have an idea and i am not contented hence look for further advice from people.

5. Family- i.e inherited a business idea from his father and improved on it.

6. Media- i.e newspapers one can read ones idea and develope a way of solving pandemic.

7. Travel- when one travels to lots of places, he or she may end up learning new ideas of business and hence be able to start up a business opportunity.

8. On_line research

9. Take it on streets

10. Sleep on it

11. Examine old mouse-traps-then build the better one.

12. Look at all the things that bug you.

13. Keep eyes open

SOURCES OF BUSINESS IDEA

1. Media

2. Customers- they can share ideas to the enterprenuer to develop up a business

3. Existing companies

4. Training institutoins

5. Hobbies and interest

6. Internent

7. Distribution channels

8. Trade affairs & exhibition

9. Brain storming

10. Government i.e taxation, lincensing, security, tenders and capitation

11. Complains

12. Available natural resources

13. Personal skills and experiencing

14. Franchise

QUALTIES OF A GOOD BUSINESS IDEA

1. Achievable

2. Flexible

3. Uniqueness

4. Profitability

5. Problem solving

6. Innovative

7. Motivative

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