Don't fret because we have the solution for you!
Many people stop dead on their tracks thinking about an innovative product or what type of business they are going to set-up.
(Inset: J.P. Morgan gets a bright idea on Thomas Edison's newly invented light bulb. Morgan is the first to invest and develop the electric industry. For the first time, electricity was used to light homes in America and the world.)
1) Most people think that to start a business, you have to have a unique product.
Well, reality is you don't!! Starting a business does not require you to have a completely new idea or invention. Many new businesses start with traditional or established services. The key is to be able to compete with existing merchants, and to have a specific edge! Now don't think this "edge" has to be all fancy. This new edge could be a good location, good supplier, better pricing, talent, anything that you can use to your advantage, even the things close to your heart or things you are passionate about!! Look around for the resources you already have at hand that gives you an edge; for example your expertise, talents, piece of land, interests, profession, connections, anything that can use to your advantage.
2) Another strategy is to keep a handy notebook where you can and must write random business ideas that come to your mind! You will find this investment incredibly useful when brainstorming!
3) You may also download apps on your mobile or tablet that allow you to access and store ideas quickly.
For example Thoughts by Bluepeak Mobile allows you to type in, tag and organize quick notes and ideas in an intuitive interface. Check it out here.
4) Entrepreneur.com has put together a neat little website for budding entrepreneurs like you!
Check-out Entrepreneur.com's BUSINESS IDEA CENTER for loads of business ideas.
The business ideas have short descriptions, tips and rough estimate of start-up money or capital required. These may be browsed to your liking, clasified according to industry, your interests or profession!
HERE'S THE LINK: http://www.entrepreneur.com/businessideas/index.html
Apart from entrepreneur.com this website http://www.helpforstartup.com/ also provides thousands of business ideas and free business plans for those who are looking for business ideas.
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