How to Think of a Business Idea

By Linus Felix Awengen  
 
Everybody has chances. Everybody has opportunities. No matter in what situation a person is. It is about coming up with a great business idea and developing it. You don't need to have the best university degree to come up with an excellent business idea. All you need to do is think. Think a lot.

Step 1: Ask yourself questions

This is a very fundamental part of coming up with something new. Ask yourself questions. What are your talents and passions? What could be improved in the world? What annoys you every day? Are there situations in your life where you think that there could be improvements in a certain field? These are the kinds of questions you should ask yourself. By the time your brain will start working and will come up with ideas. Write down your ideas with only one word. Make a whole list. Be aware that this is a very tiring task. Make sure you are in a good physical condition when you do this.

Step 2: Take a pencil and a piece of paper

It is time for brainstorming. Take your pencil and write down for two minutes everything that comes into your mind. No matter if it concerns something innovative or not. It is more about rambling and coming up to some conclusions afterwards. In order to have passed a successful brainstorming session, you have to write down everything that comes into your mind throughout the whole 2 minutes. By the time you will have loads of content on your piece of paper or even pieces of paper.

Step 3: Evaluation and research about your ideas

Here comes the part where you have to do some research about your assumed new things. But before you start with them themselves, you have to take all the pieces of paper you used and to select what could be possible business ideas. Write them down on a new piece of paper. Now you have all the potential business ideas. Start doing research on the internet whether they already exist or not. Cross out the possibilities that already exist. Usually you will only have very little business ideas left which you couldn't find on the internet doing research.

Step 4: Select one business idea

This step is where you make your decision on which business you want to focus on. Where you want to dig in deeper. Become an expert. Apply your knowledge to found your own business. Make sure you really know a lot about the topic.

At this point you have come up with an own business idea. Congratulations! You are now about to make a step forward to entrepreneurialism. A very exciting and interesting world!

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