The Business Idea

1. KK4 - the characteristics of successful business managers and business entrepreneurs

1.1. team building

1.2. responsibility

1.3. financial knowledge

1.4. lead by example

1.5. commitment

1.6. confidence

2. KK5 - the importance of business concept development

2.1. clear understanding

2.2. written reference

2.3. basic information

2.4. gives an advatange

2.5. building blocks

3. KK7 - market research and initial feasibility studies

3.1. demand and supply

3.2. feasibility analysis

3.3. understand the market

3.4. economics

3.5. competition

4. KK9 - the methods by which a culture of business innovation and entrepreneurship may be fostered in a nation

4.1. research

4.2. development

4.3. government support

4.4. tax offsets

4.5. support

4.6. grants and tax incentives

5. KK1 - sources of business opportunity

5.1. inventing new products

5.2. adding value to existing products

5.3. brainstorming and ideas

6. KK2 - personal motivation to starting a business

6.1. escaping the grind

6.2. taking advantage of special skills

6.3. supplementing income

6.4. strong drive to achieve personal/ financial success $$$$

7. KK3 - the importance of goal setting in business

7.1. priorities

7.2. success

7.3. relevance

7.4. focus

8. KK6 - the relationship between business opportunities and business concept development

8.1. viability

8.2. is there a need

8.3. research

8.4. ideas

8.5. safety

8.6. risk

9. KK8 - the contribution that businesses make to the economic and social wellbeing of a nation

9.1. jobs

9.2. services to consumers

9.3. provides income for the country

9.4. creates competition

9.5. supports community groups