Chapter III Creative an Enterprise

Identifying Business Opportunities in the Environment

- Usually start from scratch
Source of Product Ideas
1. Chance happening
2. Personal interest/Hobby
3. Friends and Relatives
4. Family Business
5. Suggestions
6. Education/course
7. Prior work experience

8. Research and Development

9. Creative problem solving
10.
Focus Group
Discussions
11.
Brainstorming
12.
Problem Inventory
analysis
13.
Other means

Improvement on Existing Products

Improving an existing products
Spotting Opportunities
1. Market need
2. Location
3. Hobby of the people

4. Available materials in the

community
5. Your interest and know-how

Way of going into Business

1. Start a new business
2. Buy an existing business

3. Take over a family business

4. Buy a franchise
Prepared by:
Alinsoloren, Jesie G.

Chapter III Creative an Enterprise

Identifying Business Opportunities in the Environment
- Usually start from scratch
Source of Product Ideas
14.
Chance happening
15.
Personal interest/Hobby
16.
Friends and Relatives
17.
Family Business
18.
Suggestions
19.
Education/course
20.
Prior work experience
21.
Research and
Development

22.
Creative problem
solving
23.
Focus Group
Discussions
24.
Brainstorming
25.
Problem Inventory
analysis
26.
Other means

Improvement on Existing Products

Improving an existing products
Spotting Opportunities
6. Market need
7. Location
8. Hobby of the people
9. Available materials in the
community
Way of going into Business
5. Start a new business
6. Buy an existing business

10.
Your interest and knowhow

7. Take over a family business

8. Buy a franchise

Prepared by:
Alinsoloren, Jesie G.