Question: List and describe the 10 approaches outlined in this chapter
List and describe the 10 approaches outlined in this chapter that can be used to generate creative new business ideas. What are the most important features of each of these?
Answer to relevant QuestionsList the six most important trends of the general environment. Give a hypothetical example of a way in which each trend might affect a small business. Under what circumstances is a new business idea screening process useful? Why? What are the major factors that should be considered when screening new business ideas?Should franchise information provided by a franchisor be discounted? Why or why not?What are some common reasons that owners offer their businesses for sale? Which of these reasons might a buyer consider to be negative?What advantages result from family involvement in a business? What are some disadvantages?
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