Criteria in Selecting a Business Idea

What should you focus on when deciding on a business idea?

What can creating new value for a product lead to?

What is important in introducing a new product or service?

What is a key factor when generating business ideas and developing a product?

What is the first step in selecting a business idea?

What does recognizing trends mean in the context of selecting a business idea?

What could lead to an opportunity to introduce an innovation or improvement in an existing product?

What is innate to an entrepreneurial person according to the text?

What factor should an entrepreneur consider when evaluating the number of prospective buyers and the presence of competitors?

Why is it important for the availability of funds to fit the type of business to be established?

Which aspect plays a crucial role in ensuring that experts or trained personnel are available to make a business feasible?

What should an entrepreneur be aware of in order to improve products or services, or introduce new ones in the market?

Which sector does the production of personal care items, health products, and supplements belong to?

In which sector would you find the production of dressmaking and tailoring, as well as the trading and selling of clothing items?

Which sector encompasses the production of fast food, bakeries, pastries, restaurants, and mobile kiosks?

Where can you find products for the kitchen, bedroom, living rooms, and other accessories?