While developing a quality business idea, what should potential business founders ideally do after evaluating their personal skill sets?
A)Interview successful entrepreneurs to generate business ideas
B)Brainstorm for potential business ideas with family
C)Propose a business idea to potential investors
D)Carefully analyze the market and look for a gap

Question

Quizplus · Accepted Answer

Carefully analyzing the market and looking for a gap is important in order to identify an opportunity for a business idea that can meet a need or solve a problem. This can help ensure that the business idea is viable and has potential for success. While interviewing successful entrepreneurs and brainstorming with family can be helpful, they may not necessarily lead to a well-researched and well-informed business idea. Proposing a business idea to potential investors may come later in the process, once the idea has been fully developed and presented with a clear business plan.

While Developing a Quality Business Idea, What Should Potential Business