SOURCES OF BUSINESS IDEAS
Common sources of business ideas include the following; 1. Mass media This includes newspapers, magazines, television and the internet. These form a great source of information, ideas and often business opportunities, for instance one may read that there is more interest in physical fitness. In this, one may need to look for new enterprise ideas that are related to physical fitness such as sporting goods, health foods. 2. Hobbies/interests These are activities pursued for pleasure and relaxation. They are often a source of ideas for new enterprises, for instance one enjoys photography he or she may be able to expand his or her hobby into a profitable full-time enterprise. A business related to one’s hobby will enable him or her to spend more time doing what he or she enjoys. 3. Vocational training/personal skills and experience A business idea can be developed from one’s area of training. For instance, a teacher who starts a private school, a carpenter who starts a carpentry work...