Question
Now if you already have a business idea, describe your idea using the following form. My business idea is: Which need will my business fulfill?
Now if you already have a business idea, describe your idea using the following form.
My business idea is:
Which need will my business fulfill?
What good/service will I provide?
To whom will I sell?
How will I sell my good/ service?
How much will my business depend upon and impact the environment?
- What did Hamisi do to find his business idea?
Think of three businesses in your local area that you consider to be successful. Try to select businesses that are at least three years old.write the name of each business and the goods or services it sells.
Go and talk to the owners of those three businesses. See if they agree with you that their businesses are successful. Ask them how they decided to go into that business. Did they see a need in the market that was not being met? Did they have some experience, contacts or skills to build upon? Did they know someone else in the business? Was this the first business they ever worked in?
What lessons can you draw from the experiences of the business owner?
What mistakes do you think the owner made?
How can you avoid the same mistakes?
What do you think has made the business a success?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started