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Jemshah
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Enlightened
Asked: 2023-01-26T14:14:37+00:00 In:

six sources of business ideas available to a potential entrepreneur. (6 marks) Oct/Nov, 2022

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Outline six sources of business ideas available to a potential entrepreneur. (6 marks)
Oct/Nov, 2022

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  1. Enlightened
    1. Personal interests and hobbies: A potential entrepreneur can look to their own personal interests and hobbies for inspiration and ideas for starting a business.
    2. Industry trends: Keeping an eye on industry trends and identifying areas of growth and opportunity can provide potential business ideas.
    3. Unsolved problems: Identifying unsolved problems in the marketplace can provide potential business ideas for developing new products or services to fill that gap.
    4. Networking: Networking with other entrepreneurs, business owners, or industry experts can provide valuable insights into potential business opportunities and ideas.
    5. Market research: Conducting market research and identifying gaps or untapped markets can provide potential business ideas.
    6. Incubators and accelerators: Incubators and accelerators are organizations that provide resources, mentoring, and support to entrepreneurs and startups. They can provide valuable insights and ideas for starting a business.
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