What are the three most common sources of new business ideas? Briefly describe how each of the sources generates potential business ideas

Sources of business ideas.

• Interests and hobbies of an individual- hobbies entail the activities that an individual enjoys doing in their leisure time. For example, if one has a traveling hobby, they can start a travel agency and gain profits from the venture.
• Mass media- the internet, radio, and magazines are essential in the dissemination of information. If there is a fitness trend on the internet, an entrepreneur can start a health and fitness blog, YouTube channel, or center and gain from the activity. It is also possible to identify business activities that are practiced in other countries and adopt them.
• Business experience - a person who has been working for a firm can start their own business in the same line because they have enough skills and experience in the job.