Identifying Business Opportunities (LC 2026) (Leaving Cert Business): Flashcards
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Practise the cards
10 cards from this deck
Internal sources of business ideas
Internal sources of business ideas
Ideas from within company (employees/existing operations)
External sources of business ideas
External sources of business ideas
Ideas from outside company (market trends, customers, competitors)
Internal source for new entrepreneurs (interests)
Internal source for new entrepreneurs (interests)
Skills and hobbies
Internal source for new entrepreneurs (past)
Internal source for new entrepreneurs (past)
Personal experiences
Internal source for established businesses (innovation)
Internal source for established businesses (innovation)
Research and development (R&D)
Internal source for established businesses (employee-led)
Internal source for established businesses (employee-led)
Intrapreneurship
Internal source for established businesses (collaboration)
Internal source for established businesses (collaboration)
Brainstorming
External source for new entrepreneurs (replacing imports)
External source for new entrepreneurs (replacing imports)
Import substitution
External source for new entrepreneurs (government)
External source for new entrepreneurs (government)
State agencies
External sources for established businesses (2 examples)
External sources for established businesses (2 examples)
Competitors and customer feedback