10 Questions
Where can you find a plethora of new business ideas?
Magazines
What role does the internet play in finding new business opportunities?
All of the above
Apart from magazines and the internet, where else can you find potential business ideas?
Banks and local non-government organizations
What should you determine first when generating business ideas?
The specific type of business
Which of the following is NOT mentioned as a source of new business ideas?
Television
The internet acts as a vast library where you can explore and discover numerous potential business ______.
opportunities
Magazines like Newsweek, Reader’s Digest, Business Magazines, “Go Negosyo”, Know About Business (KAB) materials, and Small-Industry Journal offer a wealth of ______ and inspiration for aspiring entrepreneurs.
information
Banks and local non-government organizations often provide lists of potential businesses that can be set up in a specific ______
area
When it comes to generating business ideas, it is crucial to start by determining the specific type of business that ______.
aligns
The internet not only provides insights on how to strategically position your product in terms of its right place, price, and timing, but also offers valuable guidance on various aspects of running a successful ______.
business
Study Notes
Finding Business Ideas
- One can find a plethora of new business ideas through various sources, including the internet, magazines, and local organizations.
- The internet plays a significant role in finding new business opportunities by providing access to a vast library of information and resources.
Magazines as a Source of Inspiration
- Magazines like Newsweek, Reader’s Digest, Business Magazines, “Go Negosyo”, Know About Business (KAB) materials, and Small-Industry Journal offer a wealth of information and inspiration for aspiring entrepreneurs.
Other Sources of Business Ideas
- Banks and local non-government organizations provide lists of potential businesses that can be set up in a specific area or community.
Generating Business Ideas
- When generating business ideas, it is crucial to start by determining the specific type of business that suits one's skills, interests, and resources.
- The internet offers valuable guidance on various aspects of running a successful business, including strategic positioning, marketing, and management.
Quiz: Test Your Knowledge on Finding New Business Ideas
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