Posts Tagged ‘business incubator’
If you’re in the situation of wanting to start your own business, but do not know yet what business to you here are some guidelines or tips to help you find the right business:
That which you are passionate about
Think about what you’re passionate about, something you like very much to do, something you would do if you had all the money in the world or no one would even pay you for it, and then think in a business where you do exactly what you love , or related to it.
For example, if you love pets, your business idea could be a pet daycare, a pet spa, a pet accessories shop, etc. Or, for example, if you love cars, your business idea could be a mechanical workshop, an auto parts store, a business dedicated to buying and selling cars, etc…
You know what to do or know very well
Think you know what to do or know very well that that over which you have much experience, that you have mastered, and then think about a business where you can take that skill or knowledge you possess.
For example, if you have worked for years in the sales of a company, your business idea could be a school of sales, providing sales training, provide advice on sales, write and sell books or manuals on sales, etc…
Something where your competitive advantage take advantage
Think about what your competitive advantage, i.e. what aspects where excel or stand out to others, and then think about a business where you can take advantage of those benefits.
For example, if one of your advantages is good taste for fashion, you could take that advantage and start a fashion shop. If one of your benefits is to prepare burgers, you could take that advantage and start selling. If one of your advantages is the knowledge that few possess on the production of certain product, you could take that advantage and start a business dedicated to it.
Something not offered by others and may have welcomed
Think of something you do not provide or others, and could be well received by consumers, something that is unique, novel, and innovative; you can differentiate and distinguish from others.
Not necessarily have to be a totally new product or service, but could be a product or service that already exists, but with new features, benefits or attributes. For example, there may be several restaurants in your area, but something different and novel may be one that has recreational games for children, or one that offers live shows or shows.
Something people would like to have
Think of something that people would like to have, but that does not exist, at least locally, something I always hear that people seek but never find, something you always hear that people would like them to exist.
Research the market and conduct surveys among family, friends, acquaintances or any other person, and ask what business, product or service they would like to, and even yourself the question yourself, what product you would like there, but that nobody thought it could create or sell.
Something with high demand, but for the market which still exists
Ask what products or services most demanded by today’s consumers, but for which there is still the market, i.e., for which demand is still not being met.
Research the market, look what products or services most requested by consumers, analyzes statistics, identify needs, tastes and preferences, check with family, friends or acquaintances, etc.
Something with high demand in the future
Ask yourself what are the products or services that may have a high future demand by consumers.
Research the market, project in the future, analyze trends, expected changes ahead, trying to decipher what might be the needs, tastes and preferences in the future, special attention to adolescents and looks to the future through their eyes.
Something to offer others, but you could do better
Think of products or services offered by others, but you could do better, especially products that meet people’s basic needs.
For example, it could be a product that makes the competition, but you’re sure you could produce a higher quality. Or, for example, a service offered by the competition, but you’re sure you could provide it more efficiently and at a lower price up.
Make brainstorming and surveys
It brings together a group of people and has a rain-way, i.e. you go offering each business ideas you can think of at the moment. But conducts surveys to family, friends, acquaintances or anyone in the street.
In your surveys asked what they consider profitable business today, why would that business, what businesses they would like to, what business they think they could succeed today, what business they think they could succeed in the near future, and so on.
Looking for ideas that others have had
Finally, to find business ideas, find good ideas that others have developed, and then take them as reference or inspiration to develop your own ideas. Or, if possible, join with the people own the ideas.
Look for these good ideas on the Internet, portals, websites and blogs dedicated to entrepreneurs, in magazines or journals in business, business incubators, assists and join associations, communities or entrepreneurs or business clubs, etc.