Business card yr11

Business Concept

The core idea behind a business that outlines what it offers, who the customers are, what makes it unique, and how it plans to succeed.

Business Contribution to Nation

Businesses boost the economy, create jobs, support communities, pay taxes, and contribute to exports.

Culture of Innovation

An environment that encourages creativity through risk-taking, teamwork, learning, and rewarding new ideas to maintain competitiveness.

Feasibility Study

A comprehensive assessment that evaluates the practicality of a business idea, including market demand and operational needs.

Market Research

The systematic process of collecting and analyzing data about customers, competitors, and market trends to inform business strategies.

Market Conditions

The current state of a market, encompassing factors like demand, competition, and economic trends that influence business decisions.

Innovation

The process of altering and enhancing products or services to improve value or efficiency.

Eco-Friendly Packaging Business Idea

Providing sustainable packaging solutions, such as plant-based plastics, for businesses focused on environmental sustainability.

Personal Motivations for Starting a Business

Factors such as financial independence, passion, flexibility, problem-solving, creativity, legacy, personal growth, and making a difference.

Entrepreneurship

The initiative and process of starting a business, characterized by taking risks and pursuing innovative opportunities.

Business Opportunity

An idea that presents the potential to be developed into a profitable business by satisfying market needs.

Goal Setting

The practice of defining clear objectives to give direction, maintain focus, and enable progress tracking.