Everyone knows something. This knowledge comes from previous jobs, hobbies, and life experiences. When considering starting a work from home business, many only look to their formal education and paid jobs working for someone else as a source of inspiration. This is limiting and sometimes stifling, particularly if these jobs are not something that is inspiring. If the current employment makes one want to draw the covers over their head in the morning, this is not a good place to begin a moneymaking business from home. Ideas come from many places other than our paychecks.
How Can a Hobby Be a Business?
If you already have a hobby, then you already have an idea. Whether it is crafting, antique automobile restoration, or coin collecting, you have something that you enjoy doing. More than likely, you have considerable knowledge in this area, perhaps even more than you do about your day job. The reason for this is that you are passionate about your hobby. You seek knowledge everywhere because you are passionate about it. There is always the option of selling your finished product to others. You also probably have to purchase goods from others to participate. This means that if you place yourself in their position, other like-minded people with the same interests would be likely to purchase supplies from you. Suddenly, an entrepreneurial idea is born.
How Do Life Experiences Count?
Perhaps you are like many who spend much of their waking time working for someone else. When you are not doing that, you are doing something else. Perhaps you spend your time cooking, raising kids, or watching movies. Think of the things that you buy or purchase when you are doing these activities. If you buy it, then someone else has built a business doing it or selling it. Even if there is already someone in your area doing it, you might be able to do it better. You may be able to capture a certain geographic location, or perhaps a niche market within the larger population.
How Can Annoyances Lead to Inspiration?
Some of the best business ideas have sprung from things that annoy people. If something annoys you, then it is a problem to be solved. A problem to be solved means that there is a product or service that is waiting to be born. More than likely if it annoys you, then it annoys other people too. The way to turn it into an entrepreneurial idea is to start searching for solutions. Is there a device or invention that would solve the problem? Is there a system that could make life easier? Perhaps there is a need that you could fill so that others do not have this annoyance. If you start exploring your petty annoyances, you just might have your next entrepreneurial idea.
Where Do Business Ideas Begin?
Ideas are everywhere, if only one makes the effort to look. Now that you have all of those ideas running through your head, it is now time to decide which one to put into action. This will require something to write with and some quite time. Brainstorming means sitting down and dumping everything in your brain onto a piece of paper. A good method is to set a timer and write as fast as possible everything that comes to your mind. It is not time to edit it, just get it on paper. You can go over the ideas later. Once you start writing, the idea is not to stop until the timer goes off, even if what you are writing is gibberish. Just write and do not stop.
What Happens After the Ideas?
Now, you have an unedited list of your ideas. It is now time to choose your top three that you think someone else might need. Now it is time to list pros, cons, costs, potential market and the risks involved in each of these ideas. This is just a preliminary list based on what you know already. After this is complete, it is time to pick the best idea. It is now time to gather real data to see what the real market potential and costs will be.
Generating ideas for businesses can be the most difficult step in the process. This method gives you a practical method for exploring what you already know as potential sources of ideas. The most important thing to remember is to pick something about which you are passionate. an entrepreneurial idea takes many long hours and you have to have the interest and drive to carry you through. If you are starting your business because you do not like your current job, the last thing that you want to do is to do the same thing. Ideas that come from something that you already enjoy are always the best ideas.