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#1 » by J0E (m) (β1173) » July 1st, 2010, 10:38 pm
Developing A Business Idea
I've come across a number of people who seem to have money but no ideas of what to do with it. The question is often how do u get a good business idea? how do you know u wont throw away the money? how do u run the business? hire people u can trust? These are every entrepreneur's fears but the issue is not to allow the fear deter you from starting a business.

To develop a good business idea, you should do a couple of things:

1) Highlight your strengths, weakness, Likes and dislikes, Hobbies and interests.
This will give you a picture of what you can do. Are you someone that can delay gratification and receive returns weekly, monthly or even yearly or u want something that gives returns daily?

2) Survey your area or target location for the business, what is lacking?
That may not be easy to answer but start by identifying the businesses in the area, salon, photo studio, club, fast food, supermarket, tailor, restaurant then you'll discover 'hey, there's no cold room, bread bakery, video club, chair rental, ice block rental, photocopy centre' etc.

3) What's the demography of the area?
Is the area populated by more of elderly people or young people, more of working class or schooling age or retired pensioners? this will determine what can sell?

4) Think Affliation:
Are their halls that are used for occasions, you can develop businesses that provide services for such, generator rentals, chairs rentals, canopies. Supermarkets require suppliers, you can identify what they dont have and supply for them to display, if it moves you start supplying.

I'm sure there are more things one can do, anyone got more juice on this matter, please contribute, and let's solve each other's business interest issues! :D;

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Humility is the first true attribute of a great man...

(2 Likes)   eMade, NiceGuy liked this topic.
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#2 » by eMade (f) VIP (β634896) » September 17th, 2010, 11:56 am
Great stuff. :D
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#3 » by NiceGuy (m) (β12652) » July 13th, 2011, 10:36 am
good :good:
I'm really not that nice... :mrgreen:

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#4 » by yp01 (β220) » July 27th, 2011, 9:14 am
Even with these, not everybody can succeed in business. Many people dont have the right mindset and that one matters

[ m ]

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#5 » by Miw (β211) » June 4th, 2012, 11:15 pm
:good: really nice cipher, thanks for sharing!
would like to stress the fact that people should not be in too much of a hurry to start a biz
without, like uve said, doing proper research on the product/service
and the target audience. :thnk:
it is better to prepare & get well-deserved profit than this
rush-in, rush-out syndrome that is soo common!
-----
...lets make it work!

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#6 » by flaminpixels (β211) » November 13th, 2016, 8:29 pm
Building a business around something your personally passionate about will increase the chances of success

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#7 » by J0E (m) (β1173) » November 13th, 2016, 8:53 pm
flaminpixels wrote:Building a business around something your personally passionate about will increase the chances of success

You are absolutely right. The passion gets you focused and going when things get tough or when the desired outcomes are not really coming.
Humility is the first true attribute of a great man...

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#8 » by swipka888 (β51) » October 18th, 2018, 11:29 am
In my experience I know that idea is important just in the start of business. After begining it doesn't matter. If you give quality product to your customers, and make strong brand, you may to sell anything, but you will have customers. People see logo which they associated with quality and buy your product. So steps which you really need to do are to make quality product, and working with brand. I like to make a presents for my customers with my brand like . And all of they and their friends know my logo and my company.

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#9 » by Olivia (β164) » October 22nd, 2018, 7:39 pm
in the 21st century, the most profitable business is to cryptocurrency.. many consider that he should not try to earn money for cryptocurrency because he does not understand anything in this. I also thought so. but I asked for help to . they created a simplified trading system is understandable even for a beginner. This is really easy! try it

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#10 » by Fnor (β151) » January 22nd, 2019, 10:22 pm
I can't agree with you that cryptocurrencies belong to the best business ideas. Earning money with them is similiar to gambling in many ways and a rather small amount of people become really rich with them.

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#11 » by Marinad (β54) » September 19th, 2019, 10:10 am
Business development is important for every businessman, because it is not wise to stand still. There are many opportunities to develop the business in all directions. You need to increase knowledge, use new technologies, increase the number of clients for profit growth. I do microcredit for individuals, the number of clients is important to me. I tried the services of a https://www.leadsmarket.com/loan-offers-compliance-guide . And I can say, that it is good service for any business. Such services help to bring new customers, it will be well reflected in business!

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#12 » by Olivia123 (β217) » September 23rd, 2019, 1:48 pm
I have an advice for every businessman. Do not stop in one place. You need to became better in your deal!

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#13 » by NiceGuy (m) (β12652) » September 26th, 2019, 5:38 am
Olivia123 wrote:I have an advice for every businessman. Do not stop in one place. You need to be came better in your deal!
:good:
I'm really not that nice... :mrgreen:

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#14 » by ISHAQ23 (β159) » May 28th, 2020, 4:46 pm
Good

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#15 » by Dube VIP (β8069) » September 8th, 2020, 5:35 pm
:tu:


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