Business Idea (Quiz 2.1)

• Markets. Analyze the number of prospective buyers, the presence of competitors, and the prices and quality of goods and services.
• Capital. Money is important in putting up a business. The availability of funds should fit the type of business to be established.
• Skills. The entrepreneur should have the necessary skills
•  Suppliers. There should be sufficient suppliers of raw materials and other inputs of the business.
• Individual interests. Interests should match business opportunities.
• Technology. Entrepreneurs should be aware of the presence of technology, particularly new technology needed to improve products or services, or introduce new ones in the market.
• Manpower. When setting up a business, make sure that experts or trained personnel are available to make the business feasible. The success of a business enterprise also depends on the efficiency of its employees.
• Accessories - men's and women's accessories, baby accessories, home accessories, and office accessories
• Agriculture and fisheries meat and poultry products, fruits and vegetables, fish and other kinds of seafood, cut flowers, plants and nurseries, animal feeds, poultry, and hog raising
• Cleaning materials - soaps and detergents, floor waxes and polishing compounds, personal hygiene needs, and all accessories used for cleaning
• • Clothing and textile textile and clothing products, personal clothing and accessories, fashion accessories, household clothing items, clothing and accessories production, dressmaking and tailoring, trading, and selling clothing items
• Education - school supplies and equipment, publishing, learning activities, tutoring and teaching, special schools, daycare centers, and production of learning equipment
• Food and food service - food products and production, food items, fast food, bakeries and pastries, restaurants, mobile kiosks, take outs, and food delivery
• Handicrafts - all handicrafts and products made of wood, paper, leather, metal, stone, and other materials, embroidery, and weaving
• • Health and health services personal care items, health products and supplements, caregiving and related services, spa, therapy, special clinics, medicines, and drugs.
• Home furnishings - all products for kitchen, bedroom, living rooms, and other accessories
• Housing - building and specialized skills in house construction and refurbishing
• Transportation And communication -transportation and communication supplies and services, transport vehicles and services, auto services, and repair shops
• What are the 11 examples of business ideas/opportunities?

  • Accessories
  • Agriculture and Fisheries
  • Cleaning Materials
  • Clothing and Textile
  • Education
  • Food and Food Services
  • Handicrafts
  • Health and Health Services
  • Home Furnishings
  • Housing
  • Transportation and Communication