Paper 1 Where do new business ideas come from? ENTRP 490

Part 1: Write as essay about the question “Where do new business ideas come from, and how does this relates to me?” Discuss where you get new ideas and what you have learned about yourself from class and the referenced articles. Discuss the fears you have about starting a new business. Include a discussion of your entrepreneurial characteristics. You may include ideas and points from the referenced articles but do not simply recap the articles. Develop your own ideas and thesis. You are encouraged to include topics and ideas from in-class discussions. 3-4 pages. (40 points)
Reference articles- (copies are below)
1. Ideas from Peter Drucker in Innovation and Entrepreneurship
2. Where Great Ideas Come From
3. Where Really Bad Ideas Come From

Part 2: Using techniques learned in the articles, list 5 new products ideas. For each, list the product name, product description, what problem or pain does it solve, is it unique, is there competition, how much could you sell it for, and how will you sell it? Finally, describe what new business technique you used to come up with each idea. Part 2 can be completed in a table format. (10 points)

Details: 50 total points. Formatting: 1.5 inch margins, 12pt font, double spaced, 3-4 pages plus a table. Include your name and student ID on the first page. Include page numbers on all pages. Use proper grammar, spelling and formatting. Include an introduction and conclusion. Use proper citations.