Common Idea Generation Tips

To startup, the first thing you need is an idea. So if you really want to start a venture, how should you generate one? Here are some common places where you can start.

Search Engines: If you type business ideas or business opportunities, you will get a number of results with a list of ideas on them.

Look Internally: Identify what skills you have and try to know who you can serve using these. Then you can try to make a business model around it.

Look Around You: If you look around you carefully, you will be able to list down a number of things you do daily or on a regular basis. Identify one such thing which you do with difficulty and which can be done in an easier way. That can lead you to the idea you are looking for.

Latest News: Latest developments lead to potential business opportunities.

Research Reports: Read about different Industries and their structures. This might give you an insight into a gap which may exist.

Networking/Communities: Attend events and meet as many people as you can. You do not know when you meet someone who can suggest some opportunity to you.

Do these for a while and keep listing down any interesting opportunities you come across. Identifying a good idea is a time consuming process. Finalizing a particular idea should not be rushed into.

Originally published at on April 10, 2016.

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