HOW TO GENERATE BUSINESS IDEAS

HOW TO GENERATE BUSINESS IDEAS

Take an existing product add value or additional benefit to it and offer it at the old

price or cheaper Take an ordinary product strip it to its basic, and offer the

substance of it at a basic and cheaper price. Add or remove packaging from a product

or service. Package a “something made easy “.

Add speed of delivery to a basic product or service.


Use design or packaging to enhance a basic appliance or product.

Generalize a hoarded technology or idea. Offer better value by combining attributes.

Look for a need and fill it.

Solve problems for people.

Bring out inspirational products.

ANSWERS TO CONSIDER BEFORE GOING INTO BUSINESS.

How organized are you?

Do you have a competitive spirit?

Are you a risk take or risk dodger?

What experience or skills have you gained that will help you in business.

Are you in good health? Can you lead and manage people?

Do you have a high energy level or yet tired easily after 2-3 hours?

Are you ready to make short-term sacrifices for long-term benefits?

Can you delay gratification and postpone pleasure?

Is your spouse supportive of your business dreams?

Do you have a natural flair for business?

Can you make others see the benefit of what you do?

Do you enjoy mixing with people?

Have you conceived or developed a winning business idea, product or service?

Are you enthusiastic about your dream?

Do you have the resources (spiritual, material, physical, financial, human?)Required to make it?

Do you have investment mentality? Do you have financial intelligent?

Do you have a plan and a goal in place?
when all these are in put in place it simply means you are on your way to making your business ideas works.