How to Come Up with Good Business Ideas

Good business ideas are ones that give consumers something they want that they do not already have – which can often be a solution to a problem.

Brainstorming is a technique that many entrepreneurs when they are struggling to find the right business idea. Brainstorm all the different problems a person could have – including health issues, emotional problems, physical difficulties, educational challenges, financial issues, etc..

Next, take these problems and get creative on ways that they can be solved. Not only do you want to solve them, but look at ways of fixing these problems quickly, cheaply, conveniently and easily.

There may already be a certain solution available for a specific problem – but how could you improve upon it?

Mrs Fields Cookies and the Apple iPod are two examples of how successful business ideas do not need to solve a life-threatening problem or be a product that no one has heard of before. IPods are not necessary to survive, and Mrs Fields didn’t bake the first chocolate chip cookie.

What these companies did do was put a unique twist on an existing product or service. Sometimes doing the opposite often produces some of the best business ideas.

Evaluate the current market to see what works and what has not worked. Why are the hot sellers hot? What is missing? The web can help you research a variety of industries and cultures to develop som really creative thoughts.

Check out market trends. Where is the market moving? Will your business idea work today but be obsolete twelve months from now? Can you come up with a business idea that will improve upon today’s products or services? The market moves quickly, so it’s almost like predicting the future.

For more small business ideas, visit The New Business Idea. You can also get start-up instructions for 200+ businesses and download the Home Business Start-Up Checklist free from HomeBusinesscenter.com.