Creating New Business Ideas

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As an entrepreneur all kinds of ideas are going to come to you when you start trying to create new business ideas. 

One important thing to note is that when those ideas come to you, make sure you're writing them down.  Even if, at the time, you don't think that it makes sense or it's a  crappy - just write them down. 

I have an 'idea' book, which is just a notebook that I named my idea book.  Every now and then I go through it and find things that I've thought about in that past that I now consider a good idea and it makes me get to work on it.

Now lets talk about creating new business ideas.  

When it comes to internet businesses, its usually the way to go for many individuals that are looking to spend more time with their family, want to have their own business, or perhaps look to replace a job that was lost during the pandemic.  

There are numerous types of internet or online businesses today.  Too many to mention.  But most of them are easy to start and you can start with little to no financial investment at all. 

Therefore, it's a pretty easy decision for a lot of aspiring entrepreneurs. 

Creating new business ideas.

To start thinking of new business ideas, sit down and relax. 

Trust that those ideas will come to you because they will. 

Relaxing while your thinking helps you become one with your thoughts. 

Great business ideas come to those who take their time.  They come to those who really take the time out to focus on their thoughts. 

Ideas of all kinds have always started out as thoughts. 

Here are a few things you can do that will help ignite or start up that creative flow of ideas that you hold in your thoughts.  

Tap INTO ideas

Take a look around.  It doesn't matter where you find yourself at right this very moment.  Just look around you. 

Business ideas are all around you. 

Can you see things, anything, that people may need or want help with?

Can you see anything that you can, perhaps, improve?  Improve in the way that it would make something better or more convenient for someone?

Anything that you simply enjoy talking about? 

Anything that you're super interested in learning more about?

Write it all down.  This is you . . Creating Business Ideas.

Another thing you can do, is ask.  Ask people, family, friends, co-workers, anybody, what type of things in their lives do they wish were easier.  

What do they wish were a "thing" or was invented?

Don't hesitate to ask kids, too, for their thoughts. 

If you have a website, a blog or an email list, consider creating a quiz and gather information on the needs of your audience. 

You will be surprised at the business ideas you will come up with when you ask others these sort of questions. 

Know yourself.

You must know, deep inside, that you ARE creative and imaginative enough to come up with great ideas.  I mean.. I know YOU ARE and I don't even personally know you so I hope you know that already.  

If you haven't heard, being an entrepreneur is not easy.  

You have to know yourself so that you can adapt your ideas to your personality.  Knowing this will allow you to know when you have to upgrade any skills or in choosing a business you will not get bored with and later fail at it because of that boredom.  

Know what's what.

Stay in the loop when it comes to the world around you.  To create new business ideas you should know about what is going on around you. Stay in tune to what's current and what has the potential to become a trend in the future when it comes to products and services you can offer. 

Think outside the box. 

Think of new ideas and concepts.  

You don't need to "re-invent the wheel" - as they say - but think about things that you use or would like to use and how you can make them better.  

Allow your imagination to take you as far as it can go.  

Think about this:

Before computers were invented they were only found in science fiction type of comic books and today it's almost as important to have one in your home as it is to have a stove or refrigerator. 

Don't hold back from thinking outside the box. 

Just because something looks like what it looks like or works how it works, doesn't mean that it has to stay that way. 

In conclusion, be aware and prepare yourself at all times.  When that light bulb in your head blinks, you want to capture what it brings.  You may not even realize when you're right at the crossroad between living in mediocrity and living your dreams.  Allow those ideas to come to you... naturally. 

Turning your new business idea into success.

After creating your new business idea, you want to turn it into something successful.  You can't wait to get it up and going.  Perhaps this part sounds easy to you too!

After all, look at the many entrepreneurs that have successfully dived right into creating their new business, without even giving it a second thought to any so-called start up essentials such as market potential.  Just remember that for every successful story you hear, there are many other ideas that lay shattered and even unheard of. 

So, before you dive right in, there are a few things you should think about. 

First, identify your target market.  Who are they? Describe that one individual that you dream of as your perfect customer?  What is his or her age? What is his or her income level?  What type of work do they do now?  Does your potential market have the potential to grow?

Now, just because you have a product or service that you believe will do well, doesn't mean that there people out there just waiting for it to hit the market.  Go out there and get feedback from your target market, ask questions.  Find out if they think you're idea is a great idea and if they would buy it?

You also want to think about your selling price.  When thinking about this, take into consideration any manufacturing and business costs that your product or service will encounter when fulfilling your orders - and don't forget your profit margin.  Will your target market be able to afford your product or service?  

No matter how great you feel about the new business idea you've created, be aware that there will always be someone else you will have to compete with.  Never be afraid of competition.  On the other hand, competition is a good thing.  Why?  Because it simply means that other people are making money with what it is that you're looking to get into. 

So think about how you will differentiate your product or service from that of your competitors.  Research your competitors, their business, their product, their service, their website, check it all out to help you determine whether your idea enhances that of theirs.  

In conclusion.. 

Creating new business ideas really boils down to one thing. 

You only need one thing, to make your idea become a successful one.  If you can master this one thing you can pretty much get whatever you want out of your new business.  Here is that one thing I speak of.  Don't blink, otherwise you'll miss it.  

Focus.

focusPhoto by Kelvin Valerio from Pexels

That's right, the "thing" you need is FOCUS. 

When you give your focus to what it is you're doing in the moment, you have no time to become overwhelmed, which is the opposite of focus. 

Think about it. 

When you're overwhelmed, all the things you want to get done today, tomorrow and other days occupy your thoughts and in-turn will not allow you to keep focus on what it is that you want to focus on.  When you're overwhelmed, you find it hard to stay focused on the things you truly want to stay focused on. 

So what do you do in this situation?

The answer may be simpler than you think.  

Get back to the basics. Remember your core values, your mission, your vision, your why.  What (or who) is it that made you want to start doing what you're doing? and Why?

Think about the vision you had when you started on this journey.  What is it that you wanted to accomplish?  Why?  Were you looking for some type of freedom or a better way to help people? 

Absorb yourself in the dream that you once had.  

Feel how you will feel when you accomplish what it is that you want to accomplish.  Feel how you felt when you first started out on this journey, why did you even start wanting to think about creating a new business idea?

Now you're focused. 

Write your thoughts down again and go into details.  What is it that you really want to do with your business?

From this focused state, get into action - no matter how small the action you take is.  You should have a clearer picture now about which tasks you should prioritize.  Focus your energy on those and start taking action.  

Anytime you feel that you are becoming overwhelmed or loosing focus, stop, think about and write down what your dream, your vision is and why.  While thinking and writing, really FEEL it and then start again. 

This will help each and every time.  Now get to work and get what you want out of that new business idea you're creating.