Business ideation and what it's entails

[Augusta]

Business Ideation is about developing and conveying practical business ideas to others in a business to solve business problems

In any society there are always business problems, ideation is about identifying these and proferring solutions to them . You can get these ideas from past or present knowledge, external influences, convictions, opinions or principles.

ideation can be expressed in graphical, written, or verbal format

ideation can happen via seminars attended, through brainstorming sessions, it can from online forums or surveys taken , from social media platforms etc

ideation can be done by anyone in the organization, it can be the CEO, an intern and even the employees of the company.

 

[moonchild]

Business Ideation is mostly done by business that are already established and trying to get into new frontiers or new market in their industry, they will bring together a group of expert together and get them to create a business idea or a prototype they can use to get a feedback from the market to measure if there is any interest in their business idea.

As a new business, ideation can get quite expensive if you don’t have the deep pockets for it , but with a good source of funding you can actually go ahead and test an idea before committing

 

[Augusta]

Business ideation is about developing the idea you have to reality . it is about knowing how you can actualize your dreams, after writing a business plan. You need to find out how you can achieve all that you have promised in your plan.

You need to know how you can fund your business you can get from family and friends, Investors or Crowdfunding.