List three (3) methods or techniques for generating business ideas and briefly describe each of them

Question

Question

Answer 1

Answer #1

Three methods or techniques for generating business ideas are:

Meeting new people - By networking and meeting new and different people, we get to know about various things. By communicating with the consumers, new business ideas can be generated according to their expectations. Ideas can also be generated by meeting business people from different industries.
Getting online - By various social networking sites as well as internet, many new methods and techniques can be found for genertingbusiness ideas.
Doing market research - Researching the market helps to know much about the demand and supply of different products and services. Some ideas needs to be get commercialized and market research helps in finding the techniques and methods.

Answer 2

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