Entrepreneurship
Idea Generation:
Let's think of some business ideas together! What are some things you're good at or passionate about? What problems do you see around you that you could solve with a business idea?
Identifying Market Needs and Opportunities
Think about what people need or want in their lives. Is there something missing that you could provide with your business idea? Look for opportunities where you could make a difference and help people.
Importance of Market Research and Feasibility Studies
Market Research: This is when you learn about your customers and what they want. It helps you understand if your business idea is a good one and if people will buy what you're selling.
Feasibility Studies: This is when you figure out if your business idea is possible and if it will make money. It helps you see if your idea is realistic and worth pursuing.
Basics of Business Planning
Creating a Business Plan: This is like a roadmap for your business. It helps you figure out what your business will do, who your customers will be, and how you'll make money.
Setting Goals: Decide what you want to achieve with your business, like making a certain amount of money or helping a certain number of people.
