Identify a true statement about the process of generating new business ideas.

Multiple Choice

As a business idea evolves, an entrepreneur must be willing to develop a new set of skills to make it successful.

While generating business ideas, an entrepreneur needs to focus on exploitable market trends rather than use personal experience to inform the process.

Entrepreneurs should focus on generating ideas and funding a new business based on them, but they must not become personally involved in its success.

Family is generally the best source of ideas for a new business.