Posted on by Judy

4. Generate a list of five (5) business ideas and evaluate the quality of the ideas, as follows: in relation to the novelty (i.e. how new/innovative/creative do you think the idea is) 50 words the business potential associated with each idea i.e. could it generate jobs in the market etc 50words the variety – how different is each idea from the other i.e in terms of product vs service, industry, market etc. 100 words

S.no Idea Novelty Business Potential Variety
1 Jute Bag Manufacturing New for developed Nations, Old in developing nations, till now the US, UK etc have been importing jute bags from India and Bangla, So you can start a manufacturing business in this segment. A lot you can employ up to 3 people per machine you have and an administrative staff of 8 people for 30-50 employees Manufacturing Sector, a product is being manufactured which need to be marketed and sold
2 Training The oldest business idea I can remember, since the inception of Dale Carnegie a lot has changed in the training sector. You can employ a lot of trainers and also create secondary talent by training people who need your help to succeed in life. Service Sector, you are training other people so it is a service as you help people
3 Security Agency An old business model but we can easily change the model to fit in our modern needs You can employee atleast 3 to 50 guards per location as per requirement and can soon become a passive income generator for you Secondary Service provider
4 Amazon Seller This is a relatively new idea and can help you create a lot of money, You won’t be able to employ more than a couple of people and that too for product listing
Market, Procurement Service
You can procure cheap items from China and India from ALIBABA and sell them on Amazon for a very decent profit
5 Consulting Services An old business model, where you advise businesses about optimization of their operations and stuff Totally upto you, You can plan to employ a couple of employees or make a big consulting firm like McKinsey or BCG Servic
 
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