Top 3 Ways You Can Generate Ideas for a New Business #Entrepreneurialism
Channel: Labored Video
Date: 2021-08-11

Top 3 Ways You Can Generate Ideas for a New Business #Entrepreneurialism

1. Start a company that develops your innate skills. Built-in capabilities help you do things with ease. I often hear people say, "How are you feeling?" Built-in abilities help you do things better, faster, and more "naturally" than others. Help you get things done easily!

When I was young, I knew I would do well as a writer! It was so reassuring that my mother called me "akowe-kowura". I never tire of writing - it's not all bullshit. But I love it! I love making good, convincing copy, and I immediately fell in love with copywriting.

One of the great things about your innate ability is that it pushes you, not the other way around. With all humility towards all my African friends reading this post, I write with ease and have received many compliments for my writing. No wonder Peak came up with the slogan: "It's in you!"

Looking for a business idea? It's in you!

Make this your job now!

From my story so far, highlight 10 potential ventures I could start by looking at my innate skills. The answers to these questions can help you and our fellow African entrepreneurs!

2. Turn your experience or knowledge into a profitable venture.

Instead of asking, "What business can I start that will make a quick profit?", turn your experience or practical knowledge into a profitable venture!

An entrepreneur is someone who can bring his ideas, experience, knowledge and skills and make a good profit.

What do you know? What skills have you acquired recently? What training do you do? What's your experience? Did you know that there are people waiting to serve what you have?

As I told the seminar attendees, there is money in the air - a lot! Offer a certain type of business that people need and the money will come. It's called service! Cash responding service!

Why spend 15 quality years with an airline and say you have no business idea? If you can't afford to own an airplane, why not have an agent? To my knowledge, there is additional business in the airline/hotel business - there is only one car rental business.

Want to know from your previous experience why you tend to be successful when starting a business? You've been a warehouse keeper, production manager, accountant, brand executive director, marketing director - you've been everywhere! He knows what, when, where, how and to whom. You have a definite advantage over your competitors to do better.

Don't look anywhere for business ideas - look inside.

Now my friend. What do you have? It could be knowledge or experience you have somewhere. Your answer could be a seed waiting to bloom. Sit down with friends and/or family to discuss this. This gives you several options in the long run. Then research your 3 awesome ways to see which one works best.

3. Take advantage of technology, situations and opportunities.

Do you know the story of two boys who travel to a certain country where the people don't wear shoes? One of them saw an opportunity in this situation, returned to his homeland, ordered a large shipment of various sizes of shoes and brought them to a country where people there do not wear shoes. He sold more shoes than agreed! This is a typical example of situational use.

There are situations when your eyes need to be lit!

In the business field of the 21st century, business activities have shifted from manual to technology. If you're familiar with technology, consider starting a company focused on helping companies transform their operations and marketing. Short courses or IT training can also help.

Today, for example, in Nigeria we see the central bank implementing a cashless payment policy. This is an opportunity you may want to win with many mobile money carriers and dealers everywhere. There are a number of guidelines of this nature that create an immediate business opportunity. Take advantage of them.

When generating a business idea, you have to be very sensitive and pay attention to your surroundings. Go with an open mind. Realize that anything and everything is possible.

Entrepreneurs are opportunists! You take advantage of opportunities. While others complain about a situation, entrepreneurs celebrate. It's time you stopped being a chair critic - take a step forward to turn the challenge around.

You need a business idea? I think you already know what to do!