ENTREPRENEURSHIP

Detailed explanation-1: -An opportunity is a thought or concept that comes from creative thinking. False. Analyzing past experiences and jobs is a good way to come up with a business idea.

Detailed explanation-2: -An opportunity is a favourable set of circumstances that creates a need for a new product, service or business. Four essential qualities of an opportunity (rather than just an idea): Attractive, timely, durable, anchored in a product, service or business that creates or adds value for its buyer or end user.

Detailed explanation-3: -Brainstorming is a group problem-solving method that involves the spontaneous contribution of creative ideas and solutions. This technique requires intensive, freewheeling discussion in which every member of the group is encouraged to think aloud and suggest as many ideas as possible based on their diverse knowledge.

Detailed explanation-4: -Decide on a business idea. Every successful business venture begins with a good idea. Conduct market research. Secure startup funding. Meet your legal requirements. Master your sales processes. 19-Apr-2022