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5.7: Discussion Quetions

  • Page ID
    51716
    • Michael Laverty and Chris Littel et al.
    • OpenStax

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    1.

    Explain the difference between an idea and an entrepreneurial opportunity. Why is it important to recognize if your idea is truly an entrepreneurial opportunity or only an idea?

    2.

    Is now a good time to start a business? Why or why not?

    3.

    If you were thinking about starting a clothing store for teens and young women in your hometown, what census information do you think would be useful to you?

    4.

    What new patterns or behaviors have you noticed within your society or the country’s society?

    5.

    What unused resources are present in your own life that could be translated into a shared economy idea for a new venture?

    6.

    What spin-off ideas can you think of that support a gig economy? For example, what services or products might gig employees value or gig employers value?

    7.

    What are some of the reasons for business failures? If you were starting a business, what are some actions you could take to increase your potential for success?

    8.

    Many entrepreneurs like Chris Johnson, who invented the ramen noodle cooker and Palms Barber had ordinary problems they were trying to solve. What are some examples of ordinary problems you could solve if you could invent a product?

    9.

    How do social enterprises like Bee Love help the community? What problem was Palms Barber trying to solve? What problems did the company end up solving?


    This page titled 5.7: Discussion Quetions is shared under a CC BY 4.0 license and was authored, remixed, and/or curated by Michael Laverty and Chris Littel et al. (OpenStax) via source content that was edited to the style and standards of the LibreTexts platform; a detailed edit history is available upon request.