Podcast
Questions and Answers
What is a business idea?
What is a business idea?
- An outdated concept
- A well-established business
- A concept for something new addressing a problem or market gap (correct)
- A product that is already in the market
How does a business idea differ from a business opportunity?
How does a business idea differ from a business opportunity?
- A business idea is always successful, while a business opportunity may not be
- A business idea is the foundation for potential success, while a business opportunity emerges when conditions are right (correct)
- A business idea only exists in the mind, while a business opportunity is tangible
- A business idea is always related to technology, while a business opportunity is not
What significance do business ideas and opportunities hold in entrepreneurship?
What significance do business ideas and opportunities hold in entrepreneurship?
- They have no significance in entrepreneurship
- They serve as the foundation for potential success and can turn into thriving ventures (correct)
- They are only important if they are profitable
- They are only important for large corporations
Why might many business ideas not become business opportunities?
Why might many business ideas not become business opportunities?
What do Mary and John discuss in their conversation about the sources of business ideas?
What do Mary and John discuss in their conversation about the sources of business ideas?
What inspired Mary to think about potential business ideas?
What inspired Mary to think about potential business ideas?
According to the conversation, what did John's cousin turn into a small business?
According to the conversation, what did John's cousin turn into a small business?
What did Mary see while traveling that inspired her for a potential business idea?
What did Mary see while traveling that inspired her for a potential business idea?
What can family and friends help with when it comes to potential business ideas?
What can family and friends help with when it comes to potential business ideas?
What did John express surprise about in the conversation?
What did John express surprise about in the conversation?
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