Tue

07

Apr

2015

Four Top Tips in Generating New Business Ideas

Do you ever wonder how today's big businesses got started? They all came from simple ideas which most people failed to recognize as having great potential. In fact, some of them are thought to be funny until they turned into profitable and successful ventures. 


To the great entrepreneurs, no business idea is insignificant. They are willing to invest in any idea that seems it may become remunerative and useful. Moreover, they don't stop searching for new ideas or better versions of existing ideas. Such was the attitude of Walt Disney who thought that he could create a bigger and more enjoyable variant of Europe's Tivoli Gardens; thus, he built Disneyland's Magic Kingdom.


If you want to have a fount of business ideas just like Walt Disney did, you must learn to think outside the box and also embrace the world around you. Business opportunities are not hard to find. You simply need to pay attention to the things life is offering on a daily basis. Read these four tips. They can allow your mind to overflow with ideas for a new business.


1) Be interested in everything. Don't become stuck in what you already know. Talk to many different people and be interested in what they do. Reading biographies, attending seminars and visiting unusual places can help stir or increase your interest level and provide you with new insights.


2) Hunt for ideas daily. Be motivated about finding new ideas. You can discover great ideas while doing household chores, while on vacation or when  working. Open your eyes and actively look for business opportunities around you.


3) Observe how people solve their problems. Great business ideas often are born of necessity. People have invented and continue to invent things that can make their lives easier or improve their current situations. This is how many long-established industries actually got started. Observe others and think of a way to help them.


4) List opportunities. Your new-found interest and your habit of observation will reveal lots of opportunities that are staring you in the face. Make a list of them so you won't forget any. At the top of your list, place the things or issues that are neglected or addressed ineffectively by other businesses. These can be your stepping stone to a successful venture.


Interested in examples of funny business ideas that worked? Check out this infographic from an accounting and business blog which I stumbled upon.

5 Wacky Business Ideas That Worked

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WELCOME

Big or small, any business will require our utmost attention. This is because having an entrepreneurial spirit is often not enough; you need to know the ins and outs of running a great biz.

 

And that is my goal for starting this blog -- to help us all get helpful tips on how we can make our businesses thrive. From marketing to sales, from day-to-day operations to hiring employees, we will tackle everything that can make a business reach the top.

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