Question 1. Firstly What Is The Business Completion Chain

1. Idea generation, 2. Idea screening, 3. Concept a. development and b. testing, 4. Marketing strategy development, 5. Business analysis, 6. Product development, 7. Market testing, 8. Commercialisation.

The sources of new business ideas come from a variety of places. It could be from a problem that needs to be solved from a consumer, existing knowledge in a business and a vision to improve, or recognizing an alternative use for a new technology. While ideas are plentiful, the ability to bring that idea to fruition, and create a profitable business from it, is much more difficult.

Generating idea is the entrepreneur’s first step to realizing a favorable opportunity where an idea must interact with other components to create an opportunity, but many ideas need to be assessed till the right one is

Beginning a new business venture sounds like a easy task. All you need is a great idea, opportunity to select your team so you can begin to make some moves and find a few investors to invest in to this dream you have. Before you know it you are making a profit and moving onto a new location. Sounds easy but there is much more that goes into starting a new business than most people may know. To accomplish this, the business has to satisfy several objectives that exclusively add to the business. This paper will narrate some of the particulars of previous works from week two, three, and four with information such as the business and

While there is no set formula on how a would-be inventor can take their great idea from mind to manufacturing, there are some things they must be aware of and some steps they simply must take as they move forward. If you think you have one of those great ideas, set aside all celebrations for the time being and start taking real action toward making the idea a productive and profitable reality. Be warned, though: this isn't going to be easy.

Many successful entrepreneurs tend to follow a process to develop their businesses. This process contains four stages toward achieving their dreams. The processes are identifying an opportunity, developing a business plan, assessing the need for resources, and finally developing a management program designed to achieve success. The entrepreneur must develop an understanding of this process as an important step. Developing an understanding of the entrepreneurial process can determine if a business venture is to be successful. Some phases of the entrepreneurial process may appear more important than the others but in reality each phase must be completed in succession in

After gaining enough knowledge on the types of business structure, business owners can proceed to the process so that their plans of owning a business will turn into reality. After reading several resources, the process will be divided into five stages. The first stage is the planning and research. This involves developing viable business ideas, knowing the target customers and possible competitors, searching for the right location, thinking what will be the business name, and marketing strategy. In this stage, a business plan should be made. Business Link (2016) refers, “business plan as a document that defines why you’re in business, your goals, and how to achieve those goals and it also covers all major aspects of the business, including

An Entrepreneur decides his future, time, happiness, duties and a whole lot of others. An Entrepreneur will use his imagination and come up with a way to implement his ideas even when others say it doesn't matter, planning, design, deployment and measurement are all subsequent to research. And, in the beginning of everything is the creation of the core product in its raw form a marketing skill. Most people don't understand that without marketing you do not have a product, or a service or a solution to sell.

Having a great idea, and building a team to bring that perception to life is the first step in creating a successful business enterprise. While finding a different and exceptional idea is rare enough; the capability to magnificently achieve this idea is what separates the dreamers from the entrepreneurs.

When we start our own business, it is very vital to recognize our passion and vision so that we know what we want our business to be and set appropriate strategies and plans to pursue it. Also, weighing our weaknesses and strengths is important. It lets us know who and what type of people we can bring on board to strength our weaknesses and how we utilize our strengths in suitable areas. The second step is to “pick a car.” It refers to how to choose the right channel to market the products or ideas. The third step is to identify any potential partners who have similar interests and are able to give constructive opinions. Cooperation and teamwork always help get things done efficiently. The forth step is to “optimize our fuel.” It means that we have to recognize what our motivations and determinations are in order to keep going. Some people usually give up when they encounter challenges. We have to keep reminding ourselves about our dream. The last step is to “scan the road.” We should try to anticipate what is going to happen in the future so that we could make changes to satisfy the

Napoleon Hill stated ideas are the beginning points of all fortunes. When you have a great business idea it is not enough just have it somewhere in your brain, the second thing to do is to realize it in other words it is called idea feasibility. Same as this American author stated by having a successful idea you can open doors to new opportunities and attract fortune. The idea is like a new product which can be applied to a new business. The more successful the product is the better results it will give in the

The second important thing is idea. According to business dictionary, an idea is an opinion or belief. That means that any idea of future business comes to mind is something one believes in. An entrepreneur knows exactly what is wrong

1.0 Executive Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.1 Objectives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.2 Mission and Vision . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.3 Keys to Success . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.4 Start-up costs and funding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

First step Idea is the most important stage that will get the other stage below it, have to think deeply and study the culture of the environment, Idea is not just any idea, but to have the power to attract, convince, and motivate people to do the idea. Second step having new ideas in history Entrepreneur is the person who is committed to undertaking the idea to become reality and idea need resources. Third

1. Idea Generation: Idea generation is the actual development of ideas that can become products or services. Either competitors, employees, suppliers, or customers can be the generators of these ideas. Idea generation is the first step in the offered get development process and is often the least costly financially speaking.