by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
How do Entrepreneurs Come Up With Business Ideas? Innovation is the Introduction of Something New. The something that is introduced can be an idea, method, or device. Too often people associate innovation with technological inventions. On the contrary, innovation is...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
What are some critical aspects to remember about entrepreneurship?All TalkEveryone likes to talk (or brag) about his or her great idea. 99% of these people will never do anything about it. Entrepreneurship is about doing let everyone else do the talking.Entrepreneurs...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
What is Market Size?Market size is likely the most important factor in the feasibility analysis. Without a sufficient market size, the idea may not be able to create the amount of desired value. Market size is generally measured in one of two manners the total number...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
What Should I do to Finalize My Business Plan?You will scope versions of your plan for specific purposes. Continue to focus on the purpose of your business plan and use it as a planning device. You should continually update the plan as your business progresses. Also,...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
What is entrepreneur innovation and how does it happen?Innovation is the introduction of something new. The something that is introduced can be a idea, method, or device. Too often people associate innovation with technological inventions. On the contrary, innovation...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
What are Ideation and Innovation?Ideation and innovation are two closely related, but distinct, concepts. Ideation springs from its route word, “idea”. It involves the mental process of brainstorming concepts and theories. Innovation involves the process...
