Podcast
Questions and Answers
Which of the following best describes the process of transforming a business idea into a viable business?
Which of the following best describes the process of transforming a business idea into a viable business?
- Selling the idea to interested investors or firms
- Finding good locations for the business
- Having a background and experience in the industry
- Applying the idea at the right time to meet demand (correct)
What is the importance of timing in the success of a business idea?
What is the importance of timing in the success of a business idea?
- Timing is important for selling the idea to investors
- Timing has no impact on the success of a business idea
- Timing is only important for finding good locations
- Timing can determine whether a business idea will fail or succeed (correct)
Why do Babu and Hari believe that opening a small cafe is their best option?
Why do Babu and Hari believe that opening a small cafe is their best option?
- They have secured funding for the cafe
- They have a lot of business ideas
- They have a background and experience in the hospitality industry (correct)
- They have found a good location for the cafe
What is the role of feasibility and a business plan in selling a business idea?
What is the role of feasibility and a business plan in selling a business idea?
Where can business ideas be sourced from?
Where can business ideas be sourced from?
Which of the following is NOT a potential buyer for a viable business idea?
Which of the following is NOT a potential buyer for a viable business idea?
What is the key factor that can lead to a very profitable business?
What is the key factor that can lead to a very profitable business?
What is the role of feasibility and a business plan in selling a business idea?
What is the role of feasibility and a business plan in selling a business idea?
Why does Babu want to spend more time before starting the small cafe business?
Why does Babu want to spend more time before starting the small cafe business?
What is the significance of application and timing in the success of business ideas?
What is the significance of application and timing in the success of business ideas?
