Creativity is an important and key component of the talents and abilities needed for an entrepreneur. Creativity can be applied to develop new products and services. There are basically five ways as given below:
(i)Develop a new product or service.
(ii)Improve an existing product or service.
(iii)Find a new use for a product or service.
(iv)Find a new process or resource for manufacturing a product.
(v)Find new markets for existing products or services.
