2016-11-09 00:00:00 Business Ideas English Innovative startup business ideas are the key to success. You can create great business ideas just by shaking up your surroundings. https://d1bkf7psx818ah.cloudfront.net/wp-content/uploads/2017/03/08214848/coffee-roaster-tries-new-idea.jpg How to Generate Small Business Ideas

How to Generate Small Business Ideas

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Innovative concepts drive today’s digital economy. For this reason, generating ideas should figure into the process of planning your new small business. Follow these steps to create small business ideas to better position yourself for success:

  • Change your surroundings. Head to the park or the art museum, or go for a long hike to open your mind to new concepts.

  • Look for opportunities to fill niches. You can fill a niche by offering a twist on popular product or service.

  • Fix a problem that bothers you. For example, some entrepreneurs have addressed the issue of expensive college textbooks by launching textbook rental services.

  • Hang out with shoppers in stores and online. Socializing with shoppers helps you gauge which products and services they can’t find in the marketplace.

References & Resources

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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