Business idea generation

[Holicent]

We can say business idea generation involves creative and strategic process ,that further requires you knowing problems and how to solve them. You first have to be curious about something that strikes you the most, then observation. You should also have an understanding of emerging trends, consumer behavior, and industry gaps..You need to make findings from other competitors and also get customer reviews. Collaboration, brainstorming and experimentation ate also important in this process. For success, you should have insight, perseverance, and the mindset to explore unpopular solutions. Do things outside of the box even while motivated by things already in existence. By doing this and not relenting, you will achieve a great success.

 

[Etini]

You can't generate business ideas if you are not someone that is very observant. It is that nature of being very observant that would point you to the lacking necessities of a place which you can fill a gap.

Also, your ability to connect with people around you would help you be able to generate business ideas. By continuous interaction with people, you are able to know their pain points to be able to generate business ideas around those pain points.

And lastly, you have to be a person given to knowledge to be able to generate business ideas. Listening to news and gaining knowledge can help you know which business idea would work for a particular region.

 

[Mikes smithen]

The generation of business ideas is totally not an easy activity and can obviously leave an individual confused. An individual need to be highly competent and skillful mentally to be able to come up with a good and viable business idea that is worthy of establishment and implementation. For an individual to come up with a good and viable business plan the possible steps and strategies in doing so is by subjecting all business ideas he or she have come up with two and efficient and adequate feasibility analysis. When he or she do so proper judgment among various alternatives could be undertaken.