ideas for startup can come from anywhere. fully describe three possible sources

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ideas for startup can come from anywhere. fully describe three possible sources

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Answer 1

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Own failure- The experience gained by the people leads them to start-up ideas. The entrepreneurs get the ideas from their own failures and make the strategy to help the society. For example Elon Musk got the failure in the rocket launch and later he learnt from mistake and formed Space X.

Bridging the gap- The entrepreneurs face a necessity in their life and when they feel the gap then they go up for bridging those gaps. For an example the makers of YouTube needed to share a celebration video when they were working at PayPal. This dis-efficincy leaded them to make YouTube.

Other’s failure- The entrepreneurs learn from other mistakes as we. Since they are not experienced and fresh so they cannot learn from their mistakes.

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