In order to start a business, one need to have a business idea, know the product services to sell, have the required resources, know how to pay oneself and have the right skills to run the business. This paper discusses these issues. Where Great Ideas Come From One way of obtaining business ideas is by considering areas of talent, or else, areas of skill. For instance, a retired nurse is likely to think of instigating a private hospital. Here, you have to consider your abilities and examine whether people will be willing to pay for services in that area. Staying informed about current happenings can also enable an individual to come up with business ideas. The minds of those who watch the news frequently with the aim of finding business ideas produces numerous business opportunities. Keeping up with contemporary happenings can enable one to identify new styles, market tendencies, business news, and at times just novel ideas that have business potential. For example, in Canada same-sex marriages are now authorized. As a result, there are entrepreneurs who are selling visitors travel parcels that contain a marriage ritual to same-sex duos from other nations. An individual can also come up with a business idea from innovation. The means to finding business ideas for a novel service or product is to spot a market desire that has not been addressed. For instance, 30 years ago there was less desire for anti virus software, internet and desktop computers. Another way one can come up with a business idea is by adding value to an existing product. The disparity between unrefined wood and refined lumber is an illustration of placing a product through an extra process which augments its value. The final way of obtaining business ideas is by investigating other markets. A number of business ideas are not appropriate for local use, yet they appeal significantly to alien markets. Investigating about market opportunities that could be present in other societies is an excellent way to find business ideas. Services or Products to Sell There are millions of goods and services accessible to consumers at present. At the same time, there are infinite chances for one to go into the marketplace and compete successfully, especially with a novel product or service that has been enhanced in some way than what your rivals are offering. Keep in mind that an individual’s skill at selecting that product or service is vital for your triumph. The most vital thing one can carry out prior to settling on what to sell is to reflect. The more an individual reflects on a product or service prior to introducing it to market, the healthier his/her decisions will be. To make a creation flourishing, one must be individually and psychologically dedicated to its success. After one forms a product or service in mind, he/she must analyze the following: if he/she is fond of the product or service he/she is preparing to sell; if he/she would purchase the product and utilize it personally; if he/she can mirror himself/herself selling this product or service for the subsequent ten years. After that, one can examine the product or service from the clients’ viewpoint: what does the product attain, shun or conserve for the buyer; how does the product enhance a customer’s existence or vocation; the nature of clients one will be selling the product or service to; and if one individually likes the clients who will be acquiring this product or service. For a product or service to do well, it has to be the exact product which is in the market at the correct time and to the exact customer. It also has to be created and sold by the right corporation