Business: How to generate business idea?

How to generate business idea?

Written by Cecilia Chang

Copyright © Cecilia Chang

Business ideas can pop up in your mind anytime, anywhere. So repparttar best option is to write it down whenever something comes to your mind, you’ll never know when it does come in handy one day. To decide what kind of business would be best suitable for you, begin with what you know. If you've spent years working as an IT consultant or you love to decorate photo albums as a hobby, consider how you can make use of that experience and turn it into a successful business. You might also find great business ideas in your lifestyle. Look around you; your workplace; shops etc. Do you see any needs which are unfulfilled or can you think of a way to make it better? If so, you might have found a profitable business. Here are 4 more suggestions to help you choose a right business for you: 1. Do what you love to do. It's important to pick a business that you will love running it. Many people start a business for repparttar 137460 wrong reason: to get rich or sell high in demand services or products. If you don't enjoy what you do, you will not be successful, at least not from your personal satisfaction. Sure, repparttar 137461 profits can be high, but repparttar 137462 feeling of working in a business you don't enjoy is a high price to pay. If you don't enjoy what you do, repparttar 137463 business will become a chore, not a joy. Find a job you love and you don’t have to work a day in your life. 2. Make an existing idea better. Many people thought that they have to come up with new business ideas to be successful but that is not true. Most successful businesses are created not of innovative, but of needs. Instead of coming up with a new idea, take a look around you and see where there is any business that needs improvement.

Who can build your own business?

Written by Cecilia Chang

Copyright © Cecilia Chang

Anyone can be a boss if you’ve repparttar skills and knowledge. But to be a boss can be easy and difficult.

Upon some readings, it seem to me that some entrepreneurs will become a boss easily if their parents are business persons. It is hereditary as said. Do you agree?

Following are 2 case studies on young entrepreneurs whose parents are business persons.

Case study 1 Martin who is 20yrs old, becomes his own boss. He owns 2 stores and preparing for repparttar 137459 3rd one, selling Germany hansa jaeger handbag.

During his 2nd grade in secondary school, his parent was declared bankruptcy that makes him choose to stop studying since his result wasn’t that good. His philosophy: “no matter what I do, I must be better than repparttar 137460 same level people. Since I can’t study, why should I waste my time?”

He understands what he wants. That is to have a shop of his own, not 1 but have innovative and conception chain shop kingdom. Looking at how his parents do business since young, he has his own idea of making money.

At first, he start working on repparttar 137461 internet at a computer game shop (LAN shop) for his daily expenses. At 15yrs old, his mum asks him to fly over alone to china to get some stocks to sell thus leading him towards his business path.

Case study 2 A poly graduate at repparttar 137462 age of 22, has been his own boss for 3 times. The first is from his hobby of music that he set up an internet radio station to share repparttar 137463 music he likes to everyone. This idea which is very popular in Europe and America, cannot succeed in Singapore.

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