.After you made the decision that you want to start a business, the next question is: What will you sell? You need to know what you will do to make your money.
Choosing what business to start is one of the toughest decisions you will make. Where you can find a business that will really pay off? What type of business can give you the returns you want? What are the best ventures that you can pursue today given your likes and dislikes, skills and resources?
Ryan Allis, in his book Zero to One Million: How I Built A Company to Million in Sales . . . and How You Can, Too Million in Sales . . . and How You Can, Too provides four tips for coming up with great business ideas:
- Continually be aware of the products you use everyday. Think of ways they can be improved. Be aware of the need or pain that you have that could be provided by the product but it is not currently being provided.
- Go to networking events, seminars and conferences. You might find someone with a good product or good idea who is looking for partners. Read magazines and publications.
- Intern or get a job at a company in the industry you are interested in. Many times you will see product ideas in the course of your work that your company chooses not to pursue.
- Find a partner with a business idea whom you can join up with.