Question

What is a business idea?

Answer 1

A business idea is an idea that one or more people come up with to start a business. The idea will state what the business is, how they think it should be run and what their customer base will be. After a business idea is planned the developer typically develops a marketing plan and from there they try and receive funding or get approval for their business idea.

Answer 2

A business idea is the concept of a product or service for starting a new company.

Step-by-step explanation:

A business idea refers to information related to a service or product, the target market for it, the strategies to be able to position it in the market and the value proposition. A good business idea solves a problem, is unique and can be profitable.