Create an idea or product that you think will be successful. This is easier said than done. Coming up with a workable product or idea is sometimes more difficult than building a business plan. Having a good business plan is important for every entrepreneur, but what to do if you don't have an idea to build a plan on?
Steps
Step 1. Put your creative ability to work
There are many different ways to proceed, such as playing games, reading a book, painting a picture, playing sports, etc. The point is to be able to do something that leads you to reflect, and then direct this energy in the creation of an idea, a concept, a product. Get busy in many environments other than those that make you feel comfortable. Engage more with your hobbies. Experience will help you find a sustainable business idea. Don't try to force an idea as this usually results in bad ideas! Take your time, focus your thoughts and create the right product for you.
Step 2. Be aware of your limitations
Establishing them will help you focus the path of your thoughts. For example, if you have an interest in computers, but have no education or experience in the industry, other than surfing the internet or writing texts, it will be difficult to create a marketable idea for software components for computers. Focus your thoughts on reasonable things. In other words, don't let the imagination run wild. When you become good at creating ideas, then you can let your imagination run wild, but not at first.
Step 3. Take any inspiration
Sometimes, ideas come out at the strangest moments. Keep a small notebook with you and write down any ideas that come to mind. This way you can look back at the notebook and then start developing your idea. Ask yourself what kind of business activity could be good? What are the common problems that could be solved through an economic activity.
Step 4. Identify a problem
Think about how you could make the world a better place with your invention or business idea. Your business should revolutionize the way we live our life, even if it's just a small thing. For example, if you are interested in cooking, perhaps you have a problem when the oven tends to dry out a chicken during cooking. Now that you have identified a problem, think about it and think of all possible solutions. It doesn't matter if they seem crazy, just think about it and take note. After writing them down, scroll through the list and find the one you think you can do best. Surprise! You may have come up with an original idea. This does not mean that you have to implement this idea tomorrow. It just means you could develop your idea, shape it, and refine it with something that might make people buy it. Also, this way you put your creative streak into action. You may find yourself walking a path different from your original field of interest. In this case, follow your train of thought until it is complete. You might be surprised to find out where it leads you!
Step 5. Do market research to understand which type of customers might like your business idea the most
Businesses generally resort to a specific set of market research before taking action. Evaluate with a small sample of people if your idea has the potential to be realized. Think about potential competitors versus the same champion and how to set things up to do better than them.
Advice
- In an instant, the results will appear in the target market for the product based on demand, climate and customer preferences.
- Don't expect miracles the first time. Go through the process and everything should work.
- Write down ideas as they come, or sit back, focus on your thoughts, find a problem, think of a solution, and develop your original idea.
- Don't force your ideas, take a break if you need it and be patient!
- Another valid possibility is to let your imagination run free at first, but then bring it back to reality during the process of validating the idea.
