7 Ways To Generate Business Ideas This Year Are You Trying To Find A Great Business Idea? Successful entrepreneurs use their imaginations every day to make new decisions to make the world a better place, but how do they do that? The secret is that there is no secret! However, there are seven ways to keep your mind fresh and open so that you can create an idea for your own business so in this article we will talk about 7 ways to generate business ideas this year.
7 ways to generate business ideas this year
- Meet new people
seriously. Get out and meet new people to get out of your idea routine. Talking to new people who not only think like you but don’t know how to think can help stimulate the brainstorming process.
Go to networking and learning events, talk to people outside of your industry and/or start a conversation with your existing clients.
- Keep a “pain point” journal.
All successful companies have one thing in common: They solve a problem, companies like Google, Netflix, and Uber have solved certain pain points in their markets and have gone on to achieve great things.
I hope to find information on a specific topic from various sources quickly.
I also wish I could rent movies and TV shows directly from my TV at a low cost.
I wish there was a cheaper way to get a ride.
Ask yourself: What is bothering me? Keep a diary in which you write your daily frustrations, review the journal regularly and run it by others to see if it is the pain point for them, what product or service can you create that will solve this problem?
- Take advantage of your interests
The popular restaurant and travel guide Zagat is an often-cited example of finding a business in something you love, the founders of Zagat, Tim and Nina Zagat, were lawyers who loved to eat out in restaurants.
In 1979, they started a newsletter asking their friends to rate restaurants, and as the newsletter size increased each year, they began to get paid for their work.
In 2011, the company was bought by Google, not bad for its newsletter.
Make an inventory of your hobbies and interests, what job opportunities could you create from something you would love to do anyway?
4. Discover new ways of thinking
New methodologies and ways of thinking are constantly evolving and some industries are better at adopting them than others, take Design Thinking for example.
Design Thinking is a mindset and methodology used to better understand problems and implement creative solutions, first illustrated by David Kelly, co-founder of design company IDEO.
The company has designed products for popular brands such as Apple, Steelcase and Oral-B, read about methodologies and alternative learning methods and apply them in Your Pain Score Journal.
There is a large world full of cool ideas that have not yet been put on the market, if you see an idea that you like on your travels, you can take it home and give it a new character that specifically meets the needs of the market or the community.
Even if you can’t find inspiration, travel will help you pull you out of your surroundings and update your system.There are also places around the world that have ideas waiting to be commercialized, like universities with technology transfer offices, take an existing idea and launch it to the market.
6. 7 ways to generate business ideas this year (go online)
Don’t waste your time watching cat videos online, well, don’t waste all your time watching cat videos online.
Find entrepreneurship and industry-related communities, go to Twitter and search for relevant hashtags to see what people are talking about.
- Do your market research
So you have a potential clue for an idea but you’re not sure if it actually has any potential.
Research the market to see what’s out there and where your idea might fit in, along with standard internet search and library stops, there are plenty of resources available to help you along the way.
For example, MaRS Market Intelligence provides Ontario entrepreneurs with access to current, relevant and timely information about industries, competitors, markets, investors, potential partners, intellectual property and best business practices at no cost.