Discover Your Entrepreneurial Creativity
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Questions and Answers

Where can you find a plethora of new business ideas?

  • Magazines (correct)
  • Newspapers
  • Radio
  • Television

What role does the internet play in finding new business opportunities?

  • It provides insights on strategic product positioning
  • It offers guidance on running a successful business
  • It acts as a vast library for exploration
  • All of the above (correct)

Apart from magazines and the internet, where else can you find potential business ideas?

  • Social media platforms
  • Television ads
  • Banks and local non-government organizations (correct)
  • Public libraries

What should you determine first when generating business ideas?

<p>The specific type of business (B)</p> Signup and view all the answers

Which of the following is NOT mentioned as a source of new business ideas?

<p>Television (D)</p> Signup and view all the answers

The internet acts as a vast library where you can explore and discover numerous potential business ______.

<p>opportunities</p> Signup and view all the answers

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.

<p>information</p> Signup and view all the answers

Banks and local non-government organizations often provide lists of potential businesses that can be set up in a specific ______

<p>area</p> Signup and view all the answers

When it comes to generating business ideas, it is crucial to start by determining the specific type of business that ______.

<p>aligns</p> Signup and view all the answers

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 ______.

<p>business</p> Signup and view all the answers

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.

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Quiz: Test Your Knowledge on Finding New Business Ideas

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