Characteristics of a good business idea.
i) Easy to manage and involve minimal risk.
ii) Does not require excessive capital investments
iii) Offers a good returns on capital
iv) The idea has scope for growth, expansion and diversification
v) Comparative with owner’s goal and interest
vi) Not against expectation of the society
v) Has a short gestation period
vi) Has a readily available market
vii) Easy to exit when necessary.
lydiajane74 answered the question on May 8, 2018 at 01:40
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