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Finding a business idea is hard, finding a good business idea is super hard and finding that one idea that will change the world is pure luck.
Business ideas mean a lot of things in business but new entrepreneurs think too much about the idea, not about the implementation of that idea. There is tons of businesses that failed with a good idea and there are tons that made it super successful with the same idea.
Remember the idea isn’t everything – implementation of that idea is! This is why venture capitalist doesn’t steal the ideas but invest into people who believe in creating those ideas.
Still there is a few things you can do ((:
Start with WHY? approach for business
The most successful companies in the world have a strong vision, mission, and goals in mind. They know their values and they make big business decisions based on those values.
They not only know what they do, or how they do it but they know WHY they do what they do.
I think understanding this can have a huge impact on your business venture and help you choose the niche that you are pursuing. If you have a big passion for something or passion to change something, go after it. It only increases your chance of success in the long run.
Finding problems to solve
Great multimillion-dollar business ideas are constantly around you, the only thing you have to do is to see them, but how?
Find the real-life problems that surround you, your friends or even the company that you are working at right now.
Solving problems or improving current solutions is the way to go.
Have you ever saw something and thought that you could do it better? Have you ever bought something and find a bunch of flaws in that product and couldn’t understand why they didn’t solve those problems?
Those could be the multimillion dollar business ideas that you are looking for.
Look at the Airbnb example below. They simply needed money for rent so they started a blog with listing and build it up to 10 billion dollar business.
These types of successful business ideas come up from everyday life and seeing problems that surround us every day. If you see problems or know how to improve current solutions to those problems that could be your successful business idea.
You can even look into the future and try to find problems and solutions to tomorrow’s problems.
The world is constantly moving forward and new problems (opportunities) are just piling up, so look at what you can do to solve those problems and grab those new opportunities.