Globally, over 100,000 businesses emerge every single day. If you’re an aspiring mompreneur, this stat may scare you, especially considering that many new companies go on to fail. The business world is now looking for new and fresh ideas. And, believe it or not, there are still many great business ideas around you – ideas people are yet to tap into.
So, do you have dreams of becoming a mompreneur? Are you looking for a new, game-changing business idea? Here are a few tips to help you generate unique business ideas that will set you apart from the rest.
Speak with people you trust
If you’re finding it difficult to get your creative juices flowing, why not speak with people you trust for some ideas? Many people may not consider family members the first point of call when it comes to business ideas. For example, what new ideas do you expect your aging parents to have? What realistic idea can your nine-year-old give you? But you never know where that brilliant spark may come from, so don’t underestimate any source. After all, the business world is home to so many crazy business ideas that are now success stories.
Add something new to something old
Sometimes, you don’t need to start something entirely new, as you can find ways to instead modify something already in existence. So, pay attention to your environment the next time you step out. Find out what you can add to an existing business idea. Again, you can speak to friends and loved ones for some ideas. Some people may argue that there’s nothing new under the sun. So, don’t give up your idea if you realize someone else has also started something similar. Only ensure that you’re not quick to start taking credit for originality. Doing so might get you into a legal infringement dispute with others who are doing the same business – a classic example of this was the Moon Pod dispute.
Aim at providing a solution
Having a unique business idea is not enough if it doesn’t provide a solution to a problem. In other words, if people do not see any beneficial impact of your business in their lives, they’re unlikely to buy into it. So, instead of starting with what ideas you can sell, think of what solutions you can offer or what your business idea will solve. It is less difficult to build a strong customer base if you can fill a gap in an existing market or business sector.
What sparks your interest
The fact that you have a new business idea does not necessarily mean you can take it on. There are countless stories of people coming up with creative ideas only to drop them mid-flight. That is why it is vital to ensure that any new idea flows with your passions.
Start by creating an inventory of the things you are passionate about, including your hobbies, dreams, and anything that sparks your interest. Next, find out if you can generate some business ideas from your list. Take the time to write down as many as you can think about. Once you’re done, narrow down your options, focusing on the ones that offer real solutions.