Ideas, like fleas, jump from one man to another. But they do not sting the whole world.-
According to a recent survey, a fifth of people invests at least 25 hours a week looking for space to create new ideas for entrepreneurship.
Ideas mostly arise outside the office, say at the supermarket, while driving the car, or during a social gathering.
However, while good business could arise anywhere, knowing where to find innovative business ideas is always a concern. The formula to find them is simpler than it seems and can be summarized in a single sentence: “do it step by step.”
In this post, I share some suggestions on making the most of your mental abilities and the most favorable environments to find ideas and new ways to earn money.
How to Find an Innovative Business Idea?
10 Steps to develop new ideas
The first step in generating ideas is to let these arise without forcing them. Keeping an open mind and being willing to a picture is the best scenario for naturally occurring.
Constantly Observe Your Surroundings.
The most fabulous business ideas have emerged as solutions to everyday needs. Be observant and try to find possible ways to improve people’s lives, and soon you will indeed be becoming a generator of potential business.
Do Not Discard Any Idea.
The ideas themselves are not necessarily good or bad. We make them good or bad according to what we do with them. Most times, our thoughts need time to take shape and become something even more attractive and potentially good to undertake.
Write them on Paper.
This is very simple but powerful advice. One of Google’s creative kids, Larry Page, says his idea came up one night while he slept. Suddenly he jumped out of his bed and wrote it in a small notebook. A good idea should be noted at the moment to prevent it from vanishing in a multitude of thoughts.
Give Them Form Patiently.
Once you have a good idea in your hands, the next step is to shape it. Consult with optimistic people who think about your business idea. Ask them for suggestions on how they could improve it. Eventually, you will discover exciting details to make it more valuable. Write on Paper the essential aspects that can transform it into a good business. And above all, be patient.
Find innovative business ideas is a creative process very similar to the artist who creates a musical or a beautiful painting. First, visualize his work and then reflect on it. And in the process, have fun !. Let your creativity come out, and this will help you relax and get better results.
Make a Draft of Your Project.
Once you have worked on the initial proposal, prepare the first draft of your business. Write on paper what you hope to achieve, what people you want to attend to, the scope of your entrepreneurial project, and what you need to achieve it. In general terms, your first draft should answer all the fundamental questions that will help you begin to draw up a plan.
Do not limit your possibilities by not having all the resources to carry out your endeavor. Many big businesses started without even imagining the scope they could have. Seeing beyond your current possibilities can even boost so much energy that soon you will be doing everything necessary to get the resources to turn it into a business.
Create a Business Plan
A business plan is a map that will guide you on the road to building your company. A good plan should contain all the specific details of what you want to do. Your goal should answer these questions: What do I want to do? How am I going to do it? When will I do it? To whom or who will I do it? Where will I do it? Responding appropriately to these questions is called: Strategy.
The last and no less important step in the creative process is action. All of the above would not be useful if you do not act. Many people feel frustrated and unsuccessful because they go to step 9 but never get started. The fear of being wrong can block many people but remember:
It is better to create, be wrong, and straighten the course than to have never done anything. So do not stop taking action.
Maybe it is true that to have more chances of success requires a passion for your idea, instead of just seeing it as money. Still, it is also true that the latter is the ultimate goal of any company, i.e., What entrepreneur would have your business only for the sake of the clients, without thinking about their financial situation?
The saying goes that “all roads lead to Rome.” However, imagine that there are shortcuts, land routes with well-made roads, others with many potholes among all these roads that lead to Rome. There are also routes by sky and sea.
Some will be faster than others, some safer and less exhausting, and so on.
With the analysis of this saying, you must be clear about one thing: there are several steps you can take to turn your business idea into a real and solid company. You must select from many routes and choose the one that you think is best for you, that is, choose the safest path that will lead you to success (and why not? The less hard and exhausting way too).
In general, to succeed in a project and make it grow over the years to become a more mature organization requires a good management plan, which is why it is essential to start a business. Random success, more than a miracle, is an apparent rarity.
However, for any company to exist, it has to have a creative and innovative idea that serves as a starting point. Business ideas are basically of two types, known and innovative.
Create a company that sells products or provides services that are already common in the market. Seen from afar, this type of activity presents the least risk (compared to an innovative idea, for example).
However, there is no guarantee that such a company will succeed because other facets and parameters must be taken into account.
You have to be creative to survive since your potential competitors indeed have much more seniority and experience. Care should also be taken in management and marketing, do not be fooled by how simple activity may seem.
In addition to the above, you must be able to differentiate yourself from your potential competitors. And to do so, you must find new elements that can improve your product’s customer service and differentiate it from others.
The easiest thing you can do to find an innovative idea for your business is to think you are not satisfied with your product or service.
It is an exercise that requires you to put yourself in the clients’ shoes to find possible changes that will make a better experience for the buyers in your business.
A straightforward example of the above: Suppose you are a fan of chocolate bars and always carry at least one in your pocket or purse. The problem is that they melt in the midday heat or break when pressed with other objects in your pocket or purse.
How could we solve this problem with chocolate? Simple, you will have to find a formula that solves the problem of heat. In other words, you must make sure that the chocolate bars that you offer to the market are more resistant to heat.
Regardless of whether the price is a bit above the competition, this “plus” could certainly promote your sales.
It is the antithesis of mundane activities since you plan to offer services or products for a market that does not exist yet. Look around: What needs of people do you know that the market does not solve?
Usually, innovative ideas are risky and should be analyzed with realistic and well-studied parameters. However, this leap into the unknown can bring a lot of benefits.
In addition, if you are successful, your innovative product or service will make your company enjoy an extraordinary reputation.
In conclusion, significant risks = big profits or big losses. You play double or nothing when starting a company in this way. Of course, “game” is just a metaphor, because as expected, the creation of a company is more than just a game in particular.
It is possible to put the odds in your favor, minimizing the risks, even in an innovative idea.
While you’re in the back row, in the supermarket box, or at the movies. Always watch around you. Try to discover latent needs in people, in systems, or problems that scream at you, “here is an opportunity!”
How could I improve services in this place? What product would make the experience in this company different? o What could you create to make people’s lives easier? How many would be willing to consider my proposed solution?
Consider Crazy Ideas.
Do not stop thinking that some idea is absurd. Some of the most solutions