Exploring New Business Ideas

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Questions and Answers

True or false: 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.

True

True or false: The internet can be a valuable resource for exploring and discovering potential business opportunities.

True

True or false: Banks and local non-government organizations often provide lists of potential businesses that can be set up in a specific area.

True

True or false: It is not important to determine the specific type of business when generating business ideas.

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

True or false: The internet only provides insights on how to strategically position a product, but not on other aspects of running a successful business.

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

Study Notes

Sources of Business Ideas

  • Magazines like Newsweek, Reader's Digest, Business Magazines, "Go Negosyo", Know About Business (KAB) materials, and Small-Industry Journal provide valuable information and inspiration for aspiring entrepreneurs.

Online Resources

  • The internet is a valuable resource for exploring and discovering potential business opportunities.

Finding Business Opportunities

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

Business Idea Generation

  • Determining the specific type of business is important when generating business ideas.

Online Business Insights

  • The internet provides insights on various aspects of running a successful business, including strategic product positioning and more.

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