A business idea is a concept for a product or service that a company can offer to its customers. It is the foundation for starting a business and can come from a variety of sources such as personal experience, market research, or a response to a gap in the market. A successful business idea should have a clearly defined target market, a unique value proposition, and a plan for profitability. Entrepreneurs should thoroughly research and validate their business idea before investing time and resources into starting a new venture.
