SCOUTING FOR BUSINESS IDEA :

SOURCES AND METHODS OF GENERATING IDEAS

Members :

Jyoti singh
Jyotsana
Kalpana kumari
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What is business idea?

 It arises from an opportunity in the market. It originates
from any need or wants for any product or services that
an entrepreneur can identify .
 Starting point of an innovation is the generation of
business idea.
SELECTION OF BUSINESS IDEA

 It enable entrepreneur to utilize the skills.

 Enable the use of locally available raw materials for
product or services.
 Help to produce the product having demand, but not
easily available in market.
 Enable to solve the current problem in the market..
SOURCES OF BUSINESS IDEAS

 Discussion with other people

 Looking through books

 Visiting shops & attending trade shows

 Information from Research institute

 brainstorming
METHODS OF BUSINESS IDEAS

 Brainstorming
 New ways of doing old things

 Converting hobby into business

 Utilizing waste material

 Improving an existing product

THANKYOU