Five Ways to Get ideas for Starting Your Own Business

112: Five Tricks to Help You Find Ideas to Start Your Own Business [Podcast]

by | Sep 27, 2016 | 0 comments

Want to find ideas to start your own business? Like me, most of you struggle with how to find ideas to start your own business. Finding ideas sounds so simple.  After all, we have tons of business ideas – that is until it becomes real and we start to act. It is when we are ready to start that indecision and a lack of clarity begins to haunt us. We are often left frustrated thinking we have no real ideas. But, there is hope. Let’s start by looking at the problem in another way. Instead of looking for a business idea, consider you are a business that is in the Research and Development phase. So now, as chief of Research and Development (R&D), finding the idea IS doing your job.

Five Tricks to Help You Find Ideas to Start Your Own Business (Your R&D)

“Become your own chief of R&D to find ideas for your own business. #entrepreneur”]

  1. Keep a Small Notebook with You.
    I use a Moleskine, but some use Simple Note or Evernote. 
  2. Change your environment weekly (daily if you can)
    1. Get out of the Corporate Lobotomy mode – Get around others who are thinking ideas – mastermind groups, a community of entrepreneurs, etc.
    2. Use your eyes and ears  – not your brain
    3. Not just going to Starbucks and thinking – but that can help.
  3. Expand Your Input  
    1. Reading –
      1. Go to Bookstore and find business magazines and scan them. Entrepreneur, Forbes, etc magazine, blogs, etc.
      2. Use Feedly and create a reading list of content to inspire you.
      3. Do not feel guilty if you find you are also adding blogs about your hobby (home decor etc) but instead use them as research
    2. People
      1. Talk to more people – what challenges are they facing ( check out my post on reverse interviews – this really opens up the door to problems to solve)
      2. Serial Entrepreneurs Search
  4. Watch What You Normally Ignore –
    1. Every time information comes to you via a podcast, blog, magazine, ad, etc – ask
      1. What are they selling?
      2. How are they making money?
      3. Who is behind it?
    2. Keep a list of all these things daily and review them during your R&D time.
  5. Use Frustrations as a Key
    1. Keep notes during the day/week of things that frustrate you and others.
    2. What is “broken” at work? What problems do you solve over and over in non-perfect ways? Weight loss and healthcare stuff have no caring people to help.
    3. Even simple things. Who solves those problems simple problems? Think about Zappos Shoes, Uber, AirBNB, or Shipt.

You are not looking for genius ideas, just solve a problem. Look for problems right in front of you


Join and listen to find ideas to start your own business. 

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About the Author

Dale Callahan

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