Question 2: A key aspect of entrepreneurship is opportunity identification. In order or build a habit of
seeing possible products and businesses you will identify and submit 2 ideas. You should write about the
need/opportunity that you noticed and the importance of the idea. Does it save time, money, etc.? Will
it promote efficiency, add value, or just be a new outlet for fun? Consider your location, situation, and
what is happing in the world currently and use these for inspiration. You can include sketches or
drawings as well. In your journal write-up include at least the following information (but you can include
more as well):
The idea
What promoted the idea
Who would be an ideal customer
What is the value of the idea
Fig: 1