WAYS OF IDENTIFYING/FORMULATING IDEAS FROM THE ENVIRONMENT
1. Determination of what one does best.
Thinking about one’s interests will help him or her focus on his or her brain storming and give him or her the staying power to persevere through the tedious parts of starting a business. For instance, if one’s interest is dogs, then he or she can start a business that has to do with dogs.
2. One can take note of the obvious problem that he or she encounters in everyday life. He or she can keep a pad of paper and pen in the pocket, along the bed side table and start a pile of index cards with ideas written on them. Periodically one can throw away the ones that do not cut it and hang on those that might be before their time.
3. Reading newspapers. These contain ideas that one can adopt. Just every object that surrounds man has ever made someone a fortune. Therefore one can dream up ways to improve or rework those same products to create another big idea.
4. One can listen to and observe what is going on around him or her. Once one has acquired an idea, he or she can take risks by telling people what he or she wants to do and be open to criticism. He or she can talk to potential customers and ask them what they think as well as other potential investors and bankers who will undoubtfully find holes in the plan.
Comments
Post a Comment