6 Main Sources of Business Ideas

Suba

Moderator
Staff member
Business ideas are a short and appropriate idea or picture of the business to be run so that it has the potential to make money. Getting a business idea is the first step to realize your desire and creativity into a business opportunity.

There are several criteria for a worthy business idea to be a profitable business opportunity. As needed by the market/. Consumer, business ideas can be realized into real products/services and affordable prices,

Maybe you can find some business ideas but not all of them are commercially worthy so you have to filter it to get the best business ideas.

Business ideas can emerge or or come from a direction that we did not expect eleven, but in general business ideas can emerge from various sources such as:

1. Educational Background.
Educational background often makes someone's ideals to be what he wants ... like law graduates want to be a lawyer, while accounting graduates want to become a public accountant etc.

2. Skills and Hobbies
Skills and hobbies are often the main source of business ideas, for example that concurrent who have skills and hobby of computer hardware and laptops, will establish a computer and laptop repair business and maybe smartphones.

3. Environmental observation
This business idea arises from observation of the environment where we live, where we can use the lack of facilities available as a business, such as opening a laundry business, opening a grocery store or coffee shop.

4. Previous work experience.
Work experience in the past can be used as a business idea, where we work not only to get salaries but also increase skills, such as haircuts, beauty salons.

5. Family and friends
Consult with family and friends asking their opinions about promising business ideas, gathering all their opinions The next step you only need to filter and evaluate the opinions of their business ideas and choose the best.

6. Other sources
Other sources of business ideas can come from books, magazines, websites, forums, conferences, seminars, exhibitions etc. Often online forums such as trends provide business ideas that are very attractive and promising and easy to apply.
 

Yusra3

VIP Contributor
There are many sources of business ideas. Here are just a few:

1. Think of an industry you're interested in and think about what could be done within that industry that would make it more efficient, accurate, or profitable.

2. Think about a problem you have with your current company or organization and try to solve it through new technology or by improving existing processes.

3. Consider what kind of business model works best for you. is it a franchise model? A direct sales model? Or something else entirely?

4. What skills do you have that could be useful in starting your own business? Are they skills that people will pay for (e.g., graphic design)? Skills that only someone with those skills would know how to use (e.g., programming)?

5. Identify potential partners or investors who might help make this happen both on paper and in person!
 
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