Today's Learning Journal Entry assignment is to discuss what we learned from listening to one of the other group's presentations. Group 1 summarized the article "The 10 Questions Entrepreneurs Should Ask But Don't". They talked about all the work that has to be completed even before you develop a business plan. They touched on the benefits of a feasibility study and how answering a few simple questions before you start a business can increase the chances of success. It seems like most people fail because they don't do the initial prep work.
What I took away from their presentation is that there is a lot more work to coming up with a successful business idea than some people realize. That makes sense to me, you often hear about how people try to start a business and end up over their heads because they either didn't realize how much work is actually involved, or were not set up to deal with the "unforeseeable".
Cheers,
Craig
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Great insights Blossom and Craig.
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