Question: How does an extensive social network provide an entrepreneur an
How does an extensive social network provide an entrepreneur an advantage in recognizing business opportunities?
Answer to relevant QuestionsWhat is the difference between a weak-tie and a strong-tie relationship? Which type of tie is most likely to help an entrepreneur find an idea and why? How can an entrepreneur tell if a product opportunity gap exists? How could AJ Forsythe and Anthony Martin, the co-founders of iCracked, the subject of the opening feature for this chapter, have utilized library and Internet research to flesh out their business idea? What four environmental trends are most instrumental in creating business opportunities? Provide an example of each environmental trend and the type of business opportunity that it might help create. Design a program for August Smart Lock, the subject of the “You Be the VC 3.1” feature, to directly observe its customers use its service. How should August Smart Lock go about it? What type of insights might emerge from ...
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