fbpx

The Spark of an Idea: Drawing Business Ideas from the World Around You

26 Oct The Spark of an Idea: Drawing Business Ideas from the World Around You

articles-bannerSlide thumbnail

ARTICLES

The Spark of an Idea : Drawing business ideas from the world around you

lightbulb

Everyone has had that moment of brilliance, the second where they’re suddenly walking down the street and see something that they believe they can improve in some way. Perhaps it’s a bakery that doesn’t serve bear claws, a gym full of uncomfortable, self-conscious people, or even just the realization that a newspaper stand would be very convenient on one particular corner. Whatever that idea may have been, it’s a fairly safe bet that you did nothing about it and forgot what you were thinking within minutes.

There is a distinct fear of taking a financial risk, especially in tough economic times. Who is to say that your grandmother’s bear claws will make a difference? Perhaps there’s no newspaper stand on that corner because you’re the only one still reading a newspaper that passes by it on a daily basis. However, it is those who are bold enough to take that risk that end up becoming the billionaire CEOs and executives, who bring new ideas onto the market, and who the drive business forward into new territory.

But that begins with ideas

The most common business ideas are the ones that come about as a response to a need. Needs surround most of us all day, but the finely honed business mind is one that is trained to see those needs and find ways to meet them. This can be difficult at first as most of us are trained instead to avoid problems, ignore small inconveniences, and generally adapt as much as we can. Socially this allows us to accept even the largest changes by degrees and makes for a historical timeline that reveals great alterations to human structures, both anthropological and entrepreneurial, but by necessity ignores the dozens of tiny steps in between them.

In order to begin to train yourself to recognize potential business ideas, start by keeping a notebook and pen (or PDA if you prefer) on your person at all times. Every time you are inconvenienced in even a minor way, write down what happened for later examination. While you won’t be able to solve all of the tiny problems of your world, by examining what you wrote down you can extrapolate whether this might affect a larger group and how it might be fixed. Also, look at every business you patronize and ask yourself what you would do to make it better. Talk to managers and proprietors if they have the time to find out what challenges they faced and how they overcame them to give you an idea of what sort of things you might encounter in the same business.

Most importantly, take a chance.

Not every business will succeed, but if you can bring a new idea and quite a bit of passion to the table, you have a good shot of making something that will last. Consumer economies are dependent on continual innovation, and the only way to ensure that is for new ideas to be constantly introduced into the market. You can be that new idea if you pay attention to the world around you with an entrepreneur’s eye.

singleblog-question

FAQ’S

Get some FREE business advice
asked by small business owners.

singleblog-arrow

RESOURCES

Find the Government forms and
business links you need

EM Advisory Corp is an Advisory firm that connects with people. Our advice is rooted in our experience and personalized to your needs. Search our site for related Articles. Browse our FAQ’s for Answers and use our provided information and Services to help you solve your situation.

Article Categories

left_bq

  • COMMENTS FROM OUR CUSTOMERS

    “I feel like a hero to my Board of Directors thanks to you. Your confidentiality is much appreciated and your suggested changes to our approach with the new structure to handle the referral pass-through have worked so well that we needed to put 5 new associates in place, thank you again.”

    - I. E. W.
  • COMMENTS FROM OUR CUSTOMERS

    “Your analysis of our current marketing efforts turned out to be spot on. Your suggested changes are already showing results over the last 60 days of running them, thank you, your services are under rated. We will be calling again.”

    - V. B.
  • COMMENTS FROM OUR CUSTOMERS

    “I thought that putting your company on retainer was a waste of our resources, and time. I have never been so wrong, and so happy to be wrong at the same time. It would be my honor if you would consider a permanent position within our corporation.”

    - Y. N. O.
  • COMMENTS FROM OUR CUSTOMERS

    “I can’t deny that your services are invaluable. Not one person in my company was able to see our own mistakes. It does take a trusted advisor to look in from the outside and you have been that advisor. Thank you, for showing us a way to identify and correct these issues for the future.”

    - W. T. H.
  • COMMENTS FROM OUR CUSTOMERS

    “One simple paragraph in our 98-page contract created a lifetime of residual payments back to the Partnership, thank you for seeing it. The statement you made is so true, “attorneys are not businessmen.” We will call you when we prepare for our next purchase.”

    - H. T.
  • COMMENTS FROM OUR CUSTOMERS

    “The promotion was a complete success. The way you structured it allowed me to deduct the campaign and giveaway expenses from my taxes. The biggest benefit has been the permanent increase in my customer base. Thank you.”

    - Y. B. P.
  • COMMENTS FROM OUR CUSTOMERS

    “I never thought that the use of a separate website could benefit this section of my business. That thinking was just being out of touch with my own customer base. Our overall transactions have tripled over this last year. Our future continues to grow again.”

    - P. T. B.
  • COMMENTS FROM OUR CUSTOMERS

    “One month! You changed our direction in a month. I never realized that I was inadvertently forgetting about what has turned out to be a profitable division of the business, and that same division was our problem, to begin with. Your quick analysis gave us the step up we needed.”

    - R. O.
  • COMMENTS FROM OUR CUSTOMERS

    “Until I saw the numbers with my own eyes, I did not, could not believe what you were telling me. But it is true, you saved me over $600,000 of unneeded advertising spend in the first 6 months of this year over last year. I was most impressed with the fact that we sustained the same revenue, thank you.”

    - S. V.
  • COMMENTS FROM OUR CUSTOMERS

    “You are correct, everything is a negotiation. I am very glad that you sat on our side of the table with the quite expertise you demonstrated. This sale will allow myself and my family to choose again.”

    - S. M. T.

business advisors

SET UP YOUR
FREE 30 MIN
CONSULTATION





Choose the Services You Need to Discuss
Business PlanNew BusinesseseCommerceNon-ProfitEnergyPresenceFinancial IndustryProductsFinancial ServicesSalesManufacturingStrategyMarketingStructureNegotiationTechnology

FAQ’s
No Comments

Sorry, the comment form is closed at this time.