TEN WAYS TO
GET A GREAT BUSINESS IDEA
1. Use your knowledge and skills
You can use the knowledge or skills you have to come up with a business idea.This is the first and unique way to get a business idea.If you have the capital in your pocket but a question is what kind of business you should start? Do not sweats just think about your knowledge and skills. Everyone has his/her own knowledge or skills in a certain field. For instance you are a radio or TV presenter in one of big companies. You can start your own radio or TV channel, that business idea will be workable because you have the knowledge and skills in that field. Other examples, a tailor can start a clothing company, Mechanical man could start his/her own garage, A doctor could own a hospital, a teacher could start a school or college.
2. Find the problems, needs or wants in your environment
You can find what products or services that are missing in your environment.This may be in the street, district or in the country that you are living in.
3. Turn your hobby or interest into a business idea.
Hobby or interest is something that you like to do and you enjoy doing
it. Interest like music, dancing, football, swimming, singing, watching movies,
writing, reading, playing soccer or basketball. Most of big entrepreneurs in
the world have been successful because of doing business they are interesting
with.
You can get a great business idea from other entrepreneurs or business
network. By using media like LinkedIn,Inc you can get information from other successful
entrepreneur. Also working with different people may help you come up with an
idea of business to do. Start talking to people who you know may help you with
an idea of business.
5. To travel or move from one environment to another
environment.
If you stay in one place all the time it would be hard for you to get new
ideas. You should move from one place to another. Places like beaches,
recreation place and other places. Greg Isernberg says “one cannot find a great
business idea, a great business idea finds you. You are advised to move to new
places where you can be relaxed and business idea will follow you.
6. Find the needs or wants of big companies and institutions.
You can use availability of big institutions and companies to
get a business idea. Institutions like schools/Universities, Churches, Hospitals
and companies like food companies, clothing company, mining companies and so on.
Do a research about what products or services these companies and Institutions need.
For example many companies need security and cleaning services so you can start
security or cleaning company. Wheat flour industry may need maize.
7. Do a research.
Business opportunities are more than the number of people. Research like
reading magazines, books, internet information about business. Interviewing
business people, attending different entrepreneurship seminars and projects.
8.To imitate a business from another person you know she/ he is successful or a business from other place like street or country.
Most of the ideas you are thinking about some people had
already done them.For example one can copy a business from other country and
start it in his/her country. For example bajaj transport business from India to
Tanzania. One can also copy a business idea and strategies from other successful business
people.
9. To sell products of other people or
company.
You can sell products or services of other people or companies. For
instance in Tanzania there are companies like Airtel, Tigo, Vodacom you can
become their agent and start selling their products and services.
10. You can discover your own.
There are many ideas which are not yet discovered under the sun. For
example people who have discovered their own technology and stuffs are
successful like bill gates - Microsoft, Facebook- mark Zukerberg and so on.
