How Should Entrepreneurs Research the Venture’s Feasibility?
It’s important for entrepreneurs to research a venture’s feasibility by generating and evaluating business ideas. EVs thrive on ideas. Generating ideas is an innovative, creative process. It’s also one that will take time—not only in the beginning stages of the EV, but throughout the life of the business. Where do ideas come from?
Where do entrepreneurs say their idea for a business came from?23
34.3 percent said sudden insight/chance
23.5 percent said following a passion
11.8 percent said a suggestion or collaboration
10.8 percent said market research
7.8 percent said “other”
Generating Ideas
Entrepreneurs cite unique and varied sources for their ideas. In another survey, 60 percent ...
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