Want To Come Up with Great Ideas To Start Your Dream Business?
"Farmer Hagget knew that little ideas that tickled and nagged and refused to go away should never be ignored, for in them lie the seeds of destiny."
- Babe (movie)
Filling Your Niche with Products & Services
Every successful dream business starts with a great idea. If you are not sure how to come up with ideas that allow you to make a profit and live the life you dream of, you have come to the right page.
Dream businesses are special ventures because in addition to being successful, they need to allow their owners to live the life they dream of. So you need a business idea that not only can earn you a good profit, but one that fills your life with meaning.
Because starting your own business requires a significant, long term investment of time, energy and money -- often your life savings -- you want to make sure you are going to be thrilled with starting and running the business through all of its ups and downs. So it is important to put a lot of thought, care and planning into creating and choosing the idea you will use.
So how do you come up with great ideas for a dream business? It starts with knowing what makes a dream business idea great.
Great Ideas for a Dream Business
Great dream business ideas are built around what you love to do -- instead of what you can do. You want to find an idea that has the potential to create a business where you are ...
- using the gifts and talents you excel at
- doing what you love
- working in the places you love
- dealing with the problems, issues and needs you are passionate about
- surrounded by the things, people and experiences you love
- being handsomely paid to live an extraordinary life
Essentially, it is finding your bliss and then building a dream business around it.
Where Business Ideas Come From
Often ideas come from your personal experience and the way you see the world. Some people have a knack for sensing opportunities. Others are sensitive to things that are missing or not done well. Often, they come from recognizing that you can ...
- fulfill a need others have
- solve a problem someone cares about
- further an issue or cause others are passionate about
- take advantage of an opportunity created by a change in circumstances
That insight can come from one, or a combination of, the following situations ...
- you read an article about a new product or service in another industry or country
- you see a TV program that highlights a new technology or manufacturing process
- you watch a documentary about a need or problem that you know how to solve
- you start thinking about an annoying situation that occurs in your everyday life
- you have a conversation and start brainstorming how to do something better
- you turn a problem over in your head while taking a shower
- you listen to a song and hear a solution in the lyrics
- you start surfing the web and notice that the same issue keeps getting your attention
When the ideas start flowing, you can start to see the connections between the needs in the marketplace and the work you love to do. This is when you want to have a notebook or idea journal handy, to record all your ideas.
Focusing On Dream Business Ideas
Another way to start getting ideas is to actively think about the key ingredients of your dream work and ...
- Identify how your gifts and talents can be used to create great products and services
- Identify the activities you love to do and build the core activities of the business around them
- Determine the tools and materials you want to use to create your products or services based on the things you love to work with and have around you
- Seek out a customer base that reflects the people you love to be around
- Look at how the business can fulfill your need for having great life experiences
- Focus your business results on addressing the issues you love to work on, the problems you love to solve, and the needs you are passionate about fulfilling in the places you love
- Identify what kind of business supports your life calling
- Think about what types of businesses are a part of the life you want to live and envision for yourself
Taking The Time To Think Things Through ...
Often, we are in a rush to start our business ... and that means you can skip a few key steps to make sure that you have a sound business idea to invest in and grow.
If someone told you that you would need to invest a sizable portion of your savings ... or that you were placing a bet on your life's salary ... you would want to make sure you had a winner or the closest thing to a sure bet.
But 80% of new ventures fail ... taking a lifetime of dreams and savings with them. So doing your homework and taking the time to think through and find the right timing, the right people, the right location and the right product or service to invest in ... is a smart move.
Helpful Resources
Here are a few great tools and books I recommend to help find and seize on great ideas ...
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IdeaSpotting: How to Find Your Next Great Idea If you need help finding that next great idea or spotting your own acres of diamonds, this inspiring book may be just what you need. |
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Making Ideas Happen: Overcoming the Obstacles Between Vision and Reality If you can't seem to be able to turn your ideas into reality, here is a book that will help you identify and overcome the obstacles that are holding you back. |
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Inspired: How To Create Products Customers Love You need products and services your customers will love, and this book offers great advice about how to make decisions about which products to pursue and develop that will delight your customers. |
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The Millionaire Maker: Act, Think, and Make Money the Way the Wealthy Do This is an excellent book that simple states how to turn your life around by transforming what you do into a "wealth building lifestyle" instead of living a "spending / consumer lifestyle". Anyone can read and understand these basic principles and use them to set a new course in life ... and build an MBA (massive bank account).
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The Most Successful Small Business in The World: The Ten Principles This book sums up Michael's 25+ years of experience as a top selling small business guru ... and I do not use that word lightly. His ten principles are abstract, but right on the money if you want to start and run a World Class business. And in today's global marketplace, that is the only business you should be considering if you want to be successful. |
And here are a few more generic books about finding great ideas and making them work for you ...
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This book explores where great ideas come from and how you can have more of them -- becoming idea-prone so you have lots of options for new products and services. |
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Cracking Creativity: The Secrets of Creative Genius This book offers lots of ideas and resources to help you generate more great ideas -- by looking at things from different angles and creating a craft of great idea creation. |
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Made to Stick: Why Some Ideas Survive and Others Die Learn more about what makes some ideas succeed and others fail -- and how you can give more life to you ideas and help them thrive. |
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