Q&A: Where Business Ideas Come From?


Ideation is the creative process of generating, Creating, and communicating new business ideas.
As soon as we plan to launch a new business, we leverage an present concept or we develop our own unique idea. The same is applicable to growing an present business. I have always struggled with determining which is more difficult – finding the thought or implementing on it.


Sometimes thoughts are easy enough to conjure, and the tricky part is deciding if it’s good enough as the basis for creating a profitable small business. For those who have what you think is a”good idea”, another challenge would be to prove or test it will translate into a successful venture.
Then there are times when a viable idea is the hardest thing to discover. It can seem like all the good ideas are accepted, and you are left to the sidelines with all the resources and desire to start or grow a company but with no fantastic idea. The ideation process can take a day or it may take years, and with all the creative process, it is usually unproductive to rush it. Besides another typical hurdles of resources (money and people), the lack of a”good idea” is often what keeps people from taking action in their dream of becoming their own boss.

Developing a new company starts with the notion. The process of developing that idea, along with your business concept, may perhaps include some degree of testing via prototyping and iteration. During these early stages your thought will undoubtedly evolve and may even morph into something completely different. There are three primary classes for business ideas, and contemplating these classes might help with sparking that next great brainchild or validating your present one:

Where do great ideas come from? Resources of thoughts can include studying, podcasts, art, architecture, personal experiences, travel, conversations, hobbies, borrowing from other people, audience creativity, crowd sourcing, and trying to solve current issues in our world. For existing businesses, the best source of ideas is usually your clients. Nevertheless it takes a bit more than just experiencing or studying something to ignite your next great idea. In his observation, creative individuals always have”had more adventures or they have thought more about their experiences than other men and women.”

Consciously and objectively experiencing new things will surely influence and nourish your creative skills, and it is one of the most effective ways we can continue to develop our capacity to create fantastic ideas.

Does this mean you have to be creative to create decent business ideas? I believe creativity is certainly one of the main ingredients necessary for ideation, along with ingenuity and vision. The challenge for a lot of individuals, however, is that they have very little confidence in their inherent creative skills or do not have the guts to communicate and tap it.

The idea generation procedure is much like the creative process in that we are putting forth something private to be judged by other people. You should have the courage and confidence to submit ideas others might believe are frivolous or ridiculous. It’s appropriate to remember what George Bernard Shaw wrote:”all fantastic truths begin as blasphemies.”

The perfect procedure is to identify a couple of business ideas, examine them, and then continue with creating the thought that has the best possibility for success. Obviously, always remember that the real test of a concept’s business viability finally rests entirely with the customer. Also remember that if your concept was simple, it would probably have been done by someone else.

Some questions to ask yourself to help make up your company thought:

“The quickest way to generate topics and ideas is to take two different areas and combine them. The fastest way to master any area of life is to become good at two or more areas, intersect them in a unique manner, and now you are the best in the world at the intersection.”

“Have a peek at just what the whole of the rest of the world outside your industry is doing and see if you can find some piece of brilliance that someone else employed which you can be the first person to use the business that you are in. That’s what I noticed that the leaders of the sector do as they locate excellent ideas in the world about them, and they accommodate them to utilize in their industry before anyone else see this.”

“The idea came out of a private pain stage. Jen broke her crappy luggage one day and, when exploring her options, realized she could possibly get more cheap, crappy luggage or really great luggage that was nearer to $1,000 than a price that made sense. We dug into the supply chain and realized all those $1,000 suitcases were marked up tremendously due to the way they were distributed. We decided we’d make the very best bag on the planet designed dependent on travellers’ true adventures and sell it entirely direct to customer.”

But you may be wondering: where is the great business, product or service thought going to come from? Here are five areas where new small business ideas most frequently arise:

From you
Approximately 60 percent of new business ideas come from our own work experience. We’ve all had a job where we believed something can be done better: an organizational strategy, an unnecessary measure in a reporting process or a means to save time. These suggestions and adventures are what help us produce better products or services.

From other people
Your customers often have brand new merchandise or product improvement ideas. Seek feedback from clients that are active in businesses that interest you. They may have the ideas you’re looking for.

Don’t overlook people that you use, either!

From organizations

There are loads of business ideas within all levels of government, non-profit labs and institutions. Your library can help you find the government departments applicable to your business ideas. Organizations will assist you in building on your own thought, too.

From literature

No, we don’t mean Moby Dick. Novels, textbooks, research journals, trade publications, patent registries, databases and the web are all great sources of business ideas. Reading business publications such as Inc., Entrepreneur or Fortune magazine may stimulate your creative thinking too.

From serendipity

Anyone can stumble across a new service or product idea. It might be the person who you sit next to on a trip, or the person in front of you in line. Being in the ideal place at the right time has been the turning point in the livelihood of several entrepreneurs, such as Mark Zuckerberg, Steve Jobs, and Oprah Winfrey.

— Steph Korey, Co-founder, Away
Source: The Hustle

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