Do you think that a small business could get by if it only did social networking using online sites like Facebook or LinkedIn? What would they miss by using this approach and do you think it is important?
Answer to relevant QuestionsWhat are three keys to success in building your network using a social networking website? How do entrepreneurs recognize new ideas for their business? What are the differences between imitation, incremental, and radical innovation strategies? How can you assess which one is right for your business? Keep a journal where you can record your ideas as they come. Sometimes we get breakthrough ideas while our brain is incubating as we sleep, and by the time we wake up in the morning we have lost them. Of the two ethical problems prevalent to part-time businesses (moonlighting and aggrandizing), which do you think is the biggest problem for entrepreneurs? Why?
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