Ideas and Business Creation
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In this article, the writer discusses that converting an idea into a business opportunity is a broad statement, describing the long and often difficult process of going from initial idea to a functioning business. The writer points out that entrepreneurship, starting and running a business, begins with spotting an attractive opportunity. This paper cites ways this might be done. It also discusses what factors might contribute towards success in running a small business.
From the Paper:"That converting an idea into a business opportunity is the key element of the process of business creation is certainly a reasonable statement, perhaps almost a truism. Businesses do not just appear out of thin air, dropping down into an office or store wherever they happen to be located. Businesses must have a function, whether this is providing a service or producing a product. There has to be a market for the service or product, though part of successfully running a business consists of at least maintaining the market. The business starts with a perceived need, or ..."
Cite this Analytical Essay:
Ideas and Business Creation (2007, December 01) Retrieved December 03, 2023, from https://www.academon.com/analytical-essay/ideas-and-business-creation-136337/
"Ideas and Business Creation" 01 December 2007. Web. 03 December. 2023. <https://www.academon.com/analytical-essay/ideas-and-business-creation-136337/>