Home > Business, Business ideas > 10 Tactics For Finding New Business Ideas

10 Tactics For Finding New Business Ideas

1. Expect to have ideas . If you believe you’re
incapable of coming up with ideas then you won’t come up with any. Put
aside any negativity about yourself or your creativity and expect to
have ideas.

2. Keep and open mind. Ideas can come from anywhere
and some of the best ideas will seem daft or impossible based on your
current knowledge, experience and assumptions. Try to be prepared to
explore new ideas and to change your view of the world.
3. Keep a written record of your ideas, ideas that
inspire you or ideas that are new to you – When you write things down
you are more likely to remember them and if you don’t you’ve got a
record to refer back to. I keep a record of all the ideas I see,
read/hear about or have and I review it regularly. My written record has
also evolved into this blog full of ideas.
4. Try to learn something new every day. Talk to
other business people, talk to your friends and neighbours, talk to
anyone that looks interesting and will talk to you. Read websites,
magazines, books whatever medium you prefer try to read something that
will expand your knowledge everyday. I enjoy business/entrepreneurs
biographies and histories especially those that explain where the
business or idea for it came from.
5. Talk about your ideas. Talk about your ideas to
anyone who will listen, more often that not it’s my wife who has to
listen to my ideas, if she’s not around however I’ll talk to myself!
Failing that write down what you’d say to someone to explain the idea.
The point is that in explaining the idea you’ll usually spot flaws or
areas for improvement thus making the idea better.
6. Ask questions and listen to peoples problems, hopes, dreams and aspirations.
I always ask people what problems, issues or challenges they face in
their business (or job), there are often good business opportunities in
solving those problems. Peoples hopes, dreams and aspirations can
provide ideas for example a business like Red Letter Days helps people
fulfil their dreams by providing experiences such as driving a supercar
or flying a plane. Weight Watchers appeals to those hoping to loose
weight.
7. Research see what else is out there that is
similar. Evaluate potential competition and keep notes on what you find.
Use the search engines to look for similar ideas, businesses or
products and take notes on them.
8. Draw a mind map. A mind map
is a diagram used to represent words, ideas, tasks or other items
linked to and arranged radially around a central key word or idea. It is
used to generate, visualize, structure and classify ideas, and as an
aid in study, organization, problem solving, decision making, and
writing.
9. Synthesise ideas. Put two or more unrelated ideas
together. One way to do this is to brainstorm with your team. You’ll
get the best results if you’ve followed steps 1 – 6 first as you’ll have
a larger pool of ideas to combine.
10. Sleep on it. Go away for a while and think of
something else, often your subconscious mind will continue to work on
the problem and will come up with new ideas or refinements on the ideas
you already have.
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Categories: Business, Business ideas
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