Entrepreneurial Ideas, Opportunities and Business Development Report

This report delves into the realm of entrepreneurship, examining the crucial role of entrepreneurial ideas and opportunities. It begins by defining an entrepreneur and highlighting the significance of identifying potential ventures. The report then explores various sources of entrepreneurial ideas, including customer surveys, and presents a case study involving a cafe business. The case study analyzes customer feedback, providing insights into consumer preferences and market demands. The report concludes by emphasizing the importance of recognizing market gaps and adapting to evolving business landscapes. The report references several academic sources to support its findings, making it a valuable resource for students of entrepreneurship and business development.

Understanding and
Leading Change

CONTENT COVERED
 Introduction
 Different sources of Entrepreneurial ideas
 Conclusion
 References

INTRODUCTION
An entrepreneur is an individual who can be a innovator, a worker or a challenger.
The one who creates something new, either an initiative, a business or a company.
The Entrepreneur is the beginner or starter of a new venture or business, or a project.
They are the only one who can convert an idea into reality by taking risks. They are
responsible for the destiny of their venture. An Entrepreneurial opportunity is
important for the survey and theory of entrepreneurship. Thus, this is a state where
entrepreneurs can take action to make profit

Different sources of entrepreneurial ideas and
innovation
 The sources of entrepreneurial ideas helps to start a prosperous business.
Entrepreneurial ideas are crucial as they determine the potential energy of the
entrepreneur at start-up levels to the time when it begins to flourish while
achieving set objectives. Here are the sources of business ideas and opportunities
for entrepreneurship that can lead to a successful business:
 Customer Surveys – The first considering point of any new business should be
the customers, as their needs and requirements are important factors in growth of
a business.

Theme 1: Cafe have a sufficient options of healthy
choices
Central Tendency Data
Mean 15
Median 15
Mode 0
Standard deviation 7.07

Theme 2 : Prices of the Cafe are high
Central Tendency Data
Mean 15
Median 15
Mode 0
Standard Deviation 14.14

Theme 3 : Satisfied after having Krashu Cafes products?
Central Tendency Data
Mean 15
Median 15
Mode 0
Standard Deviation 7.07

Theme 4 : Product of our cafe you preferred more
Central Tendency Data
Mean 7.5
Median 7.5
Mode 0
Standard Deviation 2.08

CONCLUSION
 The future is the full of entrepreneurial opportunities, and entrepreneurship is
changing the way of the world’s businesses and economics. Through
entrepreneurship, people will continue to live better, longer and more rewarding
lives. So, this is to conclude that to start a new venture, the owner or an
entrepreneur has to go through various sources of the idea they had launched. On
the other hand they have to find out the gap in market of their idea that where their
business is and where it ought to be.

REFERENCES
 Aliaga-Isla, R. and Rialp, A., 2012. How do information and experience play a
role in the discovery of entrepreneurial opportunities? The case of Latin-
American immigrants in Barcelona. Latin American Business Review. 13(1).
pp.59-80.
 Alvarez, S. A., Barney, J. B. and Anderson, P., 2013. Forming and exploiting
opportunities: The implications of discovery and creation processes for
entrepreneurial and organizational research. Organization Science. 24(1). pp.301-
317.
 Audretsch, D., 2012. Entrepreneurship research. Management Decision. 50(5).
pp.755-764.
 Fisher, G., 2012. Effectuation, causation, and bricolage: A behavioral comparison
of emerging theories in entrepreneurship research. Entrepreneurship theory and
practice. 36(5). pp.1019-1051.

THANK YOU