What are the two most important considerations in choosing an idea for a business?
A) finding something you love to do and are good at doing; determining if your idea satisfies a need in the marketplace
B) deciding if you have the resources to produce the good or service; estimating how much money you will be able to make
C) securing financing; hiring the right people
D) developing a business plan; leaving your full-time job so you have the time to devote to the new venture

Question

Quizplus · Accepted Answer

The two most important considerations in choosing an idea for a business are finding something you love to do and are good at doing and determining if your idea satisfies a need in the marketplace. While the other options may also be important, they are not as crucial as these two factors.

What Are the Two Most Important Considerations in Choosing an Idea