Where do we find our business idea?
It's time to start thinking and acting like an entrepreneur. Do you remember that inquisitive, sometimes annoying child who wouldn't stop asking questions about things, no matter where they were?
Well, it's your turn to be that inquisitive person, not necessarily vocalizing all your questions but certainly internalizing your thoughts and questions and making notes in that small notebook or diary you carry with you every day.
How often have you visited a business, restaurant or retail outlet and walked away thinking you could run that business so much more efficiently or develop a better service, product or system?
Take note and start thinking like an entrepreneur, rather than just a critique. How could you improve that business? How could you make it more profitable?. Could you cut costs or erase waste? or provide better training for management or staff?
Have you been annoyed or frustrated with business processes? Could you offer a solution for customers who may feel the same as you?
Have you come across new business whilst travelling? something different from what is available back home? Maybe it could be copied, this is often how many successful businesses are hatched, from someone else's idea.
A year or two back I met an enterprising entrepreneur with a background as an aeronautical engineer. Whilst visiting New Zealand on his honeymoon, he and his new wife came across a burger bar which was quite different to any other he had come across back in Australia.
When he and his wife returned to Australia, they found a business partner and started building their new burger business based on the one they came across in Queenstown, NZ. When I last spoke with him, they were looking at franchising their burger business.
So you see, we don't need to re-invent the wheel, just look for a business which can be improved upon, copied or further developed.
Good luck with those ideas
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