- Identify Your Passion: Note down activities or topics you enjoy or are knowledgeable about. Discover your ikigai.
- Research Market Trends: Explore trending industries and niche markets that show potential for growth.
- Analyze Problems: Identify common issues or inefficiencies in existing products or services that could be improved.
- Brainstorm Solutions: Generate creative ideas to address the identified problems or fulfill unmet needs.
- Evaluate Feasibility: Assess the practicality, cost, and resources required for each idea.
- Validate Demand: Conduct surveys, interviews, or test runs to validate if there is a market for your idea.
- Refine Your Concept: Incorporate feedback and make necessary adjustments to strengthen your business idea.
- Create a Business Plan: Outline your idea, target market, revenue streams, and marketing strategy in a comprehensive business plan.
- Consider Profitability: Calculate potential costs, revenues, and profits to ensure your idea is financially viable.
- Seek Mentorship: Connect with experts or entrepreneurs in your desired industry for guidance and advice on developing your business idea.
Generating Business Ideas
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