HOW TO COME UP WITH YOUR WINNING BUSINESS IDEA
1. WHAT’S FRUSTRATING YOU?
How would you come up an appealing business thought? That is a question that stumps most energetic entrepreneurs. The beginning of a year is an extraordinary time to begin a business. However, obviously, you initially need to make sense of a winning concept. Keeping in mind the success goal, you require an incredible business thought. But, a winning business idea is simply something you’re passionate for or great at — you need to ensure your idea is really workable.
2. WHAT’S FRUSTRATING OTHERS?
A great source of idea or solution to the problem would come if you just do some research on the internet. Read different blogs, review about products and the comments from the users/consumers. It would let you identify the problems faced by the consumer and if you manage to come up with an idea to resolve it. The first step of success starts walking towards you.
3. ASK SHOPPERS: FACE TO FACE
To come up with a thought that addresses individuals’ issues, there’s no better solution than to have a conversation with the customer. Thoughts are conceived by listening to client needs and their point of view on new ideas; from information assembled on items fabricated and sold; from facts gathered on products manufactured by observing established techniques.
4. ASK SHOPPERS: ONLINE SURVEYS
In order to know what is coming up in next few years or what could be a successful product/service, You would need to collect data through online surveys about the taste and style people are demanding. Analysing collected data by applying different techniques and predicting the trends, following the leading indicators would allow you to create something that would have demand in near future.
5. INTERVIEW BIG COMPANIES
This would be a fantastic idea to ask questions from the large/multinationals or successful companies. In order to discover what strategies they had implemented over the years and now become successful. Just go through this process and learn some innovative thought provoking ideas from business gurus. Mostly people become hesitant when you told them to do so and start giving you excuses i.e. how I can contact brand manager, why would he/she talk to me. Simple solutions to get through is tell them you are researching for your academic projects or publishing a report on success.
6. INTERVIEW INDUSTRY LEADERS
To come up with a thought that addresses individuals’ issues, there’s no better solution than by interviewing an industry leader. Leaders are the one’s that have come up with new ideas and thoughts. Habitually, they are the trend setters of the industry and rest of the competitors follows them.
7. ATTEND SEMINARS
In modern day business, you can’t isolate your organization from the dynamic changes in the technology and business methods. It would be highly recommended to attend events and seminars on new knowledge/technology/processes. Doing so would make sure that you are updated with the current trends and taste of both corporate and consumer needs.
8. COMBINE IDEAS
Thoughts are things, however, Keep in mind a thought is nothing until it has been popularized and you need clients/users who are willing to pay for your thoughtful service/product. A few thoughts will be uncontrollably productive; others will be a fizzled dream. Figure out how to take out the bad ones rapidly; don’t squander your time. Combine your ideas extracted from thoughts with the objective to figure out what thought will, at last, be the best decision among a few choices.
9. THE ROBIN HOOD METHOD: TAKE WORKING IDEAS FROM ONE AREA OR INDUSTRY AND USE IT IN ANOTHER
To be successful, you can’t stop bringing innovative solutions to existing processes. The practical idea to improve the existing process is to look what are the process used in other industries, copy the idea and implement in your organization. The successful execution would lead the business to profit.
10. GET LAZY AND IMPATIENT: LOOK FOR WAYS TO IMPROVE SOMETHING AND HOW TO SOLVE IT WITH MINIMUM EFFORT.
Just keep on searching new and creative ideas to solve the existing problem. Look for new ideas, encourage a culture of suggesting new and improved ideas to resolve the problem. Encircle yourself with an awesome group is essential. Construct your staff with keen, talented, and driven representatives who share your vision. They can change your business as well as quicken its development. Appointing positive, can-do employees makes a culture that empowers cooperation. Cultivate a situation in which everybody takes an interest, so you can praise your organization’s victories.