Question

As an entrepreneur, what do you think will be a potential business that
could address the need? Who will be your target market?​

Answer 1

Answer:

To test this hypothesis we have concentrated on the definition of potential entrepreneurs: undergraduate students who think they might be entrepreneurs in the future but have not yet owned and managed a business.

Answer 2

As an entrepreneur, we think potential business that could address the need should be:-

• Scalable- A scalable business will allow you to grow your business at an exponential rate.
• Solves an issue in an Intuitive way and People Like it- Your products should be beneficial to people and it must resolve the issues of people.
• Must have the capability to create a new market- A potential business is that which has an existing market or it must have capabilities to establish a new market.
• Sustainable- A potential business should be sustainable which means you must have a Multi-Year Plan.
• Profitable- Of course, a potential business idea is always profitable.
• Innovative- Your idea should be innovative and unique such that people like it.