So, you want to start a business. You know you want to work for yourself and build up something for your future, but there’s just one problem — you can’t think of a great idea. Don’t worry — check out our guide to finding a business idea below. It won’t solve your problem for you — only you can decide on a business that will truly work for you — but it will make the process a whole lot easier…
By Team Savant
Image: Cathryn Lavery
1. Fix Your Own Problems
The most successful businesses are often those that are able to solve a problem for their customers whether it’s an app to automate doing their taxes or a hands-free can opener that stops the struggle for people with hand injuries and other health issues at dinner time. With that in mind, if you’re struggling to come up with a great business idea, it makes sense to look at your own life; look at your own struggles, and see if you can come up with a product or service that will solve them. Chances are you won’t be the only one with that problem, so if you can provide a solution, you could be on to a good thing.
2. Buy A Franchise
The great thing about franchises, like the one you will find at Franchise Direct is the fact that they are tried and tested business ideas that have been shown to work. You can look at other businesses under the franchise and see just how much money they are making, who they are selling to, and what running the same kind of business will be like. They can be the ideal option for anyone who knows that they want to work for themself, but who can’t quite think of a great idea without a little help., They’re usually less effort to start up too, which is always a bonus.
3. Check Out Niche Forums
Monitoring niche forums like Reddit and Quora, which have a lot of people posting about a lot of common and not so common topics is a great way to spark a few new ideas in your mind. You may not have heard of the things they are talking about, but if you can take in the information, see what kind of problems they have and then act on them, it could be a good way to get into a relatively unknown niche and become a bog player fast.
4. Try To Improve Something
Often, the products and services that sell the most aren’t the new and innovative ideas but the ones that take an existing product or service and make it better. For example, Uber is really popular but it’s little more than a taxi company. It made it big by making the process of ordering and paying for a ride more convenient to the user. Think about the product and services you use regularly and see if you could think of a way to make them even better. If you can, that could be your business idea right there.
Solve problems, enter niches and improve the things around you and you could build a very successful business.