Entrepreneurship: Starting a Business || Identifying a Business Idea

in blurt-131902 •  11 days ago 

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Starting a Business

After having a brief understanding of what Entrepreneurship is all about , let us now discuss how we can start a business .

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Identifying a Business Idea

Identifying a business idea is the first step in entrepreneurship , this is like identifying the problem you want to solve, and let these problems meet some specific demands.

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Market Gaps –
This is like something that will give you a leverage over others , look for an already existing product or services , and if any , look for ways to make improvements.

Passion-Driven Business –
If your business is driven by passion , you have more upper hand than your competitors , look for any of your skills and hobbies and convert them to a profitable venture.

Trend Analysis –
Make sure that you are updated with the latest technologies in other to leverage on them and make your business more sophiscated.



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