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Student's Book Form Five
Thus, the process of generating good
business idea(s) involve a number of
processes such as brainstorming to
coming up with a number of initial ideas,
screening those business ideas, ranking
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of those business ideas, and mind-
mapping the selected business idea on
a business model, like Business Model
Canvas (BMC). Figure 6.1 provides
a summary of the processes which
facilitate generation of business ideas. Figure 6.1: Processes of generating business idea(s)
The following learning tasks and learning activities guide the process of generating
good business idea(s):
Generating business ideas
Task 6.1
Use Table 6.1 to identify the five most unsatisfied or unfulfilled needs and their
corresponding target market, business ideas and opportunities based in your
community.
Table 6.1: Business idea generation
Problem/gaps/unsatisfied/
S/N unfulfilled needs (business Target/market Business idea(s) (solution /
(who)
what can be offered?)
opportunity)
1.
2.
3.
4.
5.
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