Entrepreneurs will have more success offering new products and services to existing markets using known solutions.

Question

Quizplus · Accepted Answer

Entrepreneurs often find success by offering innovative products and services that solve new problems or meet unmet needs. While there is certainly a place for improving upon existing products and services, relying solely on known solutions may not lead to significant growth or market disruption. Therefore, entrepreneurs should focus on creating new value propositions and exploring new markets, even if it means taking some risks and venturing into uncharted territory.

Entrepreneurs Will Have More Success Offering New Products and Services