Selection of ideas

Discussion in 'Business Ideas' started by businessampm.com, Mar 29, 2014.

  1. businessampm.com

    businessampm.com
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    The evaluation of the alternative ideas when concertized in a report in analyzed to finally choose the most promising idea. Generally , the aforesaid evaluation report along with the following consideration influence the selection of the idea for a product or service:-

    1. Products whose import are banned or restricted by the Govt

    2. Products based on the expansion or diversification plans of existing firms of the family/ friends/ relatives

    3. Products favored by the country easily and profitably

    4. Products which the entrepreneur has manufacturing/ or marketing experience

    5. Products which showed high profitability
     
  2. amwarner

    amwarner
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    What about selecting ideas that particular markets are hungry for?
     

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