Ideas and Business Creation Analytical Essay by Top Papers

Ideas and Business Creation
This paper looks at business creation and related ideas.
# 136337 | 2,500 words | 11 sources | 2007 | US
Published on Dec 01, 2007 in Business (Administration) , Business (Management) , Business (Marketing)

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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 ..."

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