Most of the time we put all the hard work into starting a new business thinking that once we have started we are bound to succeed in that particular line of business without even considering if we are on the right track to starting a business which has great potential to succeed and become a high-income stream.
Just think about it for a few minutes, have sat and think about good business ideas that will have a long-term advantage but often we are stuck in this stage where we want to start a business but have no ideas. This is how to get business ideas you can start:
- Make A List Of Things You Are Interested In
- List Reasons Why You Want To Start a Business
- List all The Skills You Have
- Write Down Those Things You Find Joy In Doing
- List Down Ideas You Already Have
- Imagine What Your features Self Would Do In This Situation
- Do Some Sketching
- Look For Imperfections in In Existing Business
- Talk To People Whom You Feel May Be needing Your Services If You Launch Your Business
- Seek Help From Those In Business Already
- Research on How Much Money A particular Business May Bring In The Feature
- Research On Businesses With Lower Competitor
- List Current Problems That Has No Known Solutions
- Analyze Your Current Financial State
- Once You Gather Ideas, Execute Them
These are what you should do if you are stuck in making a choice of what business you are starting. I have helped many small businesses grow.
I do not only help them in starting their business but also help them come up with business ideas that have high chances of growing big.
Read also: 10 Business ideas for startups
To make the right choices, one needs to consider a lot of things which may include the long time profit of that business, the competition, the area of focus and the difficulty in building that business. If you can analyze these things before starting your business.
Contents Summary
I Want To Start a Business But Have No Ideas
Taking that board step that can change your life is not the easiest thing to do, it can be very challenging and tasking especially when you have no help that is willing to assist you to make those choices.
Here are some of the things I do when faced with this kind of situation where I want to start a business but have no ideas.
Make a List Of Things You Are Interested In
Every human has an interest in something, be it sports, games, friends, fashion and so on. List down those things you have a big interest in doing then look inward to see if any of those hubbies can be turned into a business.
Most of the time business ideas are created through the things we love most. Doing a business that is part of your hubbies will make you want to grow the business more due to the joy you have in doing it.
All jobs and big duties required for a business to grow come naturally because you already have the joy of starting that business.
List Reasons Why You Want To Start a Business
You may want to list the reasons why you want to start your own business. Is it because you do not love your job or do you just have the desire to start your own business.
Asking yourself these questions will trigger the ideas of a potential business you want to start considering you already have some problems in mind you really want to solve for people.
Listing your reason will also give you a better understanding of ways you can get new legit business ideas that will surely perform well and help solve lots of problems in society.
List all The Skills You Have
Making lists of skills you already have will help you understand more of what you are capable of doing. going into a business that you do not have any ideas or skills in may really haunt you as time goes on unless you are willing to pay someone who has the skills heavily to help you start and grow the business.
Starting a business in the field you are skillful at is the very first step one needs to take when starting any business at all.
The original owner of Instagram is a professional photographer which is why he was able to build a successful platform like Instagram that basically helps people look beautiful.
Imagine if he had other skills apart from photography, he wouldn’t be able to come up with ideas like Instagram, even if he did, I am not sure how will be able to sustain that business for a long time.
Write Down Those Things You Find Joy In Doing
There are things each and every one of us has great joy in doing, we can do this particular thing all day without getting tired.
This thing should be expiration before starting your business. when you start a business around what gives you joy, growing that business comes as if you already have it inside you.
I love writing which is why I have launched brand professional where I teach people how to build brands and start their own businesses from scratch.
Had it been I dislike writing, I would be able to keep up updating this platform as often as I am currently doing. I have made lots of improvements in other aspects of my life.
List Down Ideas You Already Have
Do you have ideas that have come into your head in the past? put them down on a piece of paper then take your time in going through it to see if one can be as profitable as you want your business to be.
Many of us have a business idea we already have in our head but look down on those ideas just because right then we do not see any potential in them.
There are no business ideas without potential, we have not just found the best way to execute them. When a business fails, it doesn’t mean that the business has nothing to offer, it just means the manager has no clue on how to build it to the extent it has everything to offer.
Whoever believes that Facebook will be a thing last 20 years, a platform that was just created for college students to connect with each other has now become a world-class multi-billion business that has created millions of employments and has helped millions around the world connect with each other with just a click.
List your ideas then select the ones you are very competent in and start working toward building them to a very big standard.
Imagine What Your features Self Would Do In This Situation
Imagine what step your feature self would want your present self to take in order to make things better for you. When you imagine that you should get a clue on what you should do and ideas of business that have the potential to grow for you.
Another thing you should do is to look for things you are sure that in the next 2 years people will fight to have then strive and start a business on them.
Today software engineering is a big thing that has made so many millionaires, those who learnt to program some 30 years back are now CEO of many IT companies, creating robots and artificial intelligence that will make work easier for many around the world.
Have a discussion with your inner self, decide what steps you can take today that would make your feature self very proud and then act on that.
Do Some Sketching
Sketch something that may trigger tat business ideas you have in your head. Sometimes we have ideas that is stuck inside mount head but we have no way to bring them to reality.
sketching has really helped a lot of people bring that to reality, you can try that also. If you do not know how to start, you should first look at what others are doing right now, get ideas from them and then start sketching something no matter how rough it may look.
When you sketch and couldn’t get the correct ideas you have, try again in a different way. When you do this 5 to 10 times, you should get a clearer picture of the ideas you have stuck inside your head.
Look For Imperfections in Existing Business
There are many businesses around you that you must have patronized in the past, look for inspections in them then use that idea to create a perfect solution that people would love to patronize.
Sometimes you do not really need a new idea to start a business, start up something that is not in other businesses and then capitalize on that.
The creator of Snapchat saw what was missing in other social media platforms like Facebook and Twitter then decide to create a unique app that let you share beautiful pictures that only last for 24 hours and also let you text with friends after 24 hours will be deleted.
This is a social media platform that came just a few years ago when Facebook, Twitter and Instagram have already dominated the social media market.
Most times capitalize on those things others have not recognized their business is missing then build your base on that. This strategy will help you avoid competition, you won’t have to fight for a position you may never win.
It will greatly help you have a stand on a particular position where you know no one is competing with you.
Talk To Those That May Need Your Services In Feature
If you have a slight idea of the business you may want to venture into it. Is good to have a first-hand understanding of what the consumers think, what they want and how they want it.
Take out time to do a survey on your potential customers, ask them what they truly want and the things in which if they get, they will be satisfied.
You may be able on the kind of ideas and knowledge you will get from just asking people questions. Today social media has made things very easy for us so that we do not really have to stand on the street and start asking questions.
With just a click we can reach the people we want to talk to and have an easy conversation with them which will not even take any of our time.
Seek Help From Those In Business Already
Seeking help is not a sign of weakness but a brave step you can take in making your business to reality. You may want to seek help from those who already have their business going for them.
Ask them some specific questions which will help you get the answer you want in starting your business or even give you ideas on how to start yours which will be profitable in the long run.
Since these people are already doing a successful business, you may choose to ask them how they were able to come up with those ideas and how they knew the business was going to be successful.
These answers will help you decide on which business your mind wants, how successful it will be in 5 years and what you should do to be able to achieve that which you desire.
Research On Profit A Particular Business Can Bring
When you decide on the potential business you can start, make research on how big it can grow and the potential of the business bringing you that satisfaction you always wanted.
Making research is one way to know which among the 5 ideas you have come up with can take you to the places you wish to be.
Choose the one that has more potential and start on it while you turn others into a side hustle. You may employ a helping hand to assist you in doing other of the ideas you have so it won’t die off then focus more on the main one you really see potential in.
The reason is that things may change as time goes on, no one can correctly predict the feature, those ones you see no huge potential on may turn out to be the big thing and if you drop it when the time comes you will be full of regrets.
Research On Businesses With Lower Competitor
Make your research on businesses that has low completion, these businesses will come in handy as the stress of trying to beat the other party will not be there.
All you will be focused on is making the business better every day than trying to kick off the other person from the market.
As a new business owner, you have limited resources to fight, all the things you have should be channeled into making your business better and ingesting things that will help you grow.
List Current Problems That Has No Known Solutions
Look around you, you will find many problems that have no solution for them yet, starting a business by solving those problems will be a great way to start a business.
There are many industries that lack capable hands, these industries do not need any new ideas to build them but capable hands that can develop the ideas that are on the ground already.
Analyze Your Current Financial State
Analyzing your current financial state will help you decide the next step you should take. If you really want a change for yourself, you are able to get an idea quick.
My first business failed when I was 25 years, having invested time and money into that business, I was so fed up but after two years when I have left no cent on myself and my job was not giving, me the fulfilment I wanted. I had to do something about that.
By just that analysis I was able to come up with ideas that invested money and time which has helped me stand on my feet again.
Once You Gather Ideas, Execute Them
Once you have gathered those ideas, it is time to put them to work. Do not wait for a perfect moment which may never come.
See every chance as an opportunity to do something big and permanently change situations around you and things will surely go as you have always wanted them to.
There may not be a perfect idea for you to start your business but work on the ones that are already in your head and implement the strategies I have given you here and see things working out for you.
Conclusion
Getting business ideas may appear impossible at first but when you start working with what you already have, those things seek for will come to you.
Many people who once had the dream of changing the world with those big ideas that they wanted to have never done anything because they were waiting for that idea to fall in place while overlooking the ones in front of them.
Once you understand how ideas come and how one can generate a good one that can help him reach his goals, getting new ideas becomes easy and working toward building and development becomes a lifestyle.
