business studies unit 1 - generating and protecting business ideas

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  • Created by: iftey
  • Created on: 04-05-10 18:53

generating and protecting business ideas

sources of business ideas

  • ideas can be generated by the procces of brainstorming or can come from the entrepreneur's own person experience.
  • spotting trends and anticipating thier impact on people's lives
  • noticing something that is missing from the market or something that can be improved
  • copying ideas from other countries
  • taking a scientific approach e.g dyson

Franchising

  • a franchise is when a business (the franchisor) gives the right to supply…

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