I want to start my own business, but I can't get any good ideas. What to do?
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I'm a 23 year old guy. This year I'll be getting a masters degree in computer science and I work for a software company where I have a stable job as a software developer. The work itself is not so interesting and the pay is average, but they gave me a nice company scholarship and in return I have to work there for another year. I have some savings, no debt and lots of time. I'm good at software developing and can adapt to all sorts of programming languages with ease. The thing is, I want to gradually start my own business or design a product with value but I can't seem to find a proper idea. Sometimes I get a great idea, then google it and I find somebody else already did it. Sometimes I get an awesome idea, spend a few days enthusiastically researching but then everything just kind of fades away and I lose the interest. The problem is that with every idea I get - I become overly analytical and skeptical about it. I get excited about it - and then it all dies when I start thinking hard about the investment, attracting customers,... What do you suggest I do about it? How did you find your great startup idea? What mindset is most important to adapt in this early, creative stage of finding business ideas?
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Answer:
I'm planning to sell children baby milk as a representative of the ... You must be signed in to read this answer.Connected to GoogleConnected to FacebookBy continuing you indicate that you have read and agree to the . Loading account...Complete Your ProfileFull NameChecking...EmailChecking...PasswordChecking...By creating an account you indicate that you have read and agree to the .
Van Pham at Quora Visit the source
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Anumol Jose
âs answer is great!So there are just a few things to say.I prefer the term business opportunity instead of business idea, as itâs more a research process instead of a matter of creativity (in most cases)You can find business opportunities on the web.Letâs just do it right now!OK, I try to find 2 opportunities in 10 minutesâ¦.I hope, I will make it.Opportunity 1:I am German, and whatâs typical for Germany? beer!Maybe there is opportunity for me selling beer in the US. I did a little research on http://google.com. This is the result: Oh, I cannot sell beer. But maybe beer steins. Many people are selling beer steins. Maybe there is demand? This might be an opportunity.Opportunity 2:I am interested in football (soccer). Maybe we find an opportunity here.I found this on http://kickstarter.com and https://adwords.google.com/keywordplanner: There are 3600 searches for soccer card games and that guy his project financed on kickstarter. Small niche but it might be an opportunity.â-Oh no. The second one took me 20 minutes. I FAILED.But thatâs something you have to learn as entrpreneur: FAILINGDIG THE GOLD ON THE WEB! GOOD LUCK!
Jens Laufer
All the time when I see this type of question I believe a lot of the answers expected by the asker are flawed in that they believe that answers should given based on maximum Return on investment as opposed to maximum chances of success. Let's make a few assumptions here, Firstly that your 5k is all the money you have in the world so you can't simply press CTRL-ALT-DEL if it goes wrong and just start again. Secondly your thoughts are most likely revolving around which type of business to get in to and the costs involved. But once you decide on a sector to get in to, you then need to get trained in that sector after which you need to find customers. Then of course you need to get paid from those customers whoever they are either big or small. So let's say by some real stroke of luck you can manage to pull together all of these factors with such a small budget, if something goes wrong your out of the game. Let's take 2 extremes of the same analogy, nowadays everybody will dream of being the next Zuckerberg or Larry Page, and we all have the right to dream, and in this instance you 5k will be worth millions or billions in a couple of years. But your chances of success are 1/100,000,000's and again if you don't succeed your out of the game. Now let's take the next extreme and bring it on to a micro level. What can you buy with that money and sell to double it to 10k, it could be anything from second hand Appliances to used car parts, or whatever it is that you know about and have an interest in and the amount of time you invest will not be linked to the possible return available with the exception of course of the administrative time spent. But if that goes wrong again you are out of the game, so I would suggest buying a product for maximum of 5% of your 5k say â¬250 (â¬'s where I am but that's not relevant). Do a few dry runs and then start one at a time until you become known as the guy that sells 'Widgets' of whatever product you decide on. But the key thing here is that you need to learn to sell, once you can sell and are confident in your abilities to be able sell your products whatever they maybe, you can sell yourself or services in a business meeting or any commercial situation you will find yourself in for the rest of your life. Then the world is your oyster and you will see possibilities everywhere. For me I was lucky in that my father thought me to sell at an early age. The first memory I have of selling anything is 20 Christmas trees when I was about 8 years of age. Nowadays I run my own company and deal in real estate on the side but the same principles of selling apply every day. Best of luck.
Joe Doyle
What type of business you are looking for either online or brick motar. There.There are many new business ideas that will last and make money for years.These day and age, there are a lot of different choices and a lot of different things that you can do.If you are looking to earn money from online, then you can start from offering professional services to running an online eCommerce store. These days students search for writers online to deliver essays and papers. In such a scenario, launching a writing marketplace to make money online is a perfect venture. Working Model of writing marketplace (How you can earn money?) 1. User need of essays post their requirements on website 2. Professional write go through listed jobs and bid for respective job. 3. User will choose the writers 4. Professional writers will write the essay and get paid by users. Paperweight is a http://www.fatbit.com/website-design-company/requestaquote.html which provides similar websites like Essayshark in your budget. The basic package cost you $2500.
Diana Perk
You want to start a business but you don't have an idea? Then why do you want to start one? What is your motivation? Well. Usually it happens this way: You come up with an idea first and find it in an intrinsic way. That idea is hopefully so strong that it motivates you, move you and shakes your life. You see it in your dreams when you sleep. You think about it when you wake up to pee. You forget to eat while you think of it. You become obsessed with it. Normally, it's an a-ha moment. It just snaps and you fall in love with that idea. You want to realize it, to make it happen. It is such a delirious passion and obsession that you decide to start a business after you realize that the idea will not set you free unless you start a business and realize it. It is not the other way around. You don't first want to start a business and then start searching for an idea. It is (in my opinion) weird. Starting a business is serious business itself. It is not promising if you want to start a business for the sake of being a business owner or because you think it would make you rich (quick).
Ender Bozkurt
Usually people approach business/entrpreneurship by trying to create something new. Problem with that is although it can be potentially lucrative, it is also extremely risky and expensive because its not tested in the market. What you may think is great may not always translate into a viable business. I would suggest taking these two approaches to spark the creative process: 1) It doesn't seem you are enthusiastic about your current job but if you want to succeed in business you have to be passionate about it. Your passion goes a long way in aiding creativity AND it will be the force that sustains you during those tough times. Make a list of all your interests, hobbies, desires, etc... Identify corresponding industries for each. What ever you're most passionate about or enjoy doing most is your "pot of gold". 2) Secondly business is about supply and demand. The goal isn't really about creating something new but in meeting a need or fulfilling a desire. Something new may be discovered as a result but it shouldn't be your focus. After you identify the industries/markets that exite you, now you have to find the " gaps". Talk to your target audience in that market and get a pulse of what they need or how they would improve on something. Essentially your job is to find out what would make their lives better - simpler, happier, etc... As you do this you will find that your creative juices will begin to flow. But I must caution you: don't be discouraged if you find a business that's doing something similar. That's good news for you because at least now you know a demand exists in the market, they graciously tested the market for you. In such a case the opportunity is in doing it bigger and better. Lastly, GET STARTED!! Don't plan forever, conduct your due diligence but jump in asap - just do it. Since you would've focused on your passion, you have a built in focus group among your network to start approaching. Freelance first to develop your concept further and reduce your expense of a startup. Good luck! Oh and a helpful tip - research trending topics. Its a great way to quickly find out what new opportunities may exist, which markets are slowly dying and the ones that are consistently relevant.
Anonymous
Your ideas and interests in a business do not matter. Your customers interests matter. At 23, you are still young. Forget the BS about Silicon Valley; some of those folks start young and make it big, but that's because they understood what their target customer segment wanted at an early age. Facebook started off as a social network for college kids to keep an eye on what everyone was doing because that's how college life is; Zuckerberg built Facebook because he knew his starting market: college kids. Save your money; put away as much as you can. Work for a few startups. Learn how business works; at 23 you know nothing about business. Find a customer segment that interests you and learn their wants and needs. Know them inside and out; whether that's craft-sie people looking to sell products (Etsy) or people wanting to mock up and share images (Instagram) or people wanting to meet people nearby (Tinder); those are examples of successful companies specifically because they chose a segment of people, to start a business you need to do the same. And have patience. You're still young yet; it's hard to appreciate this but you don't know anything. The sooner you accept that you don't know anything is the sooner you'll start listening to what people want. The reason you have no business ideas that you're comfortable with is exactly because you don't know what people will pay for. You have skills with programming. Get a good job, live cheaply, save money for 5 years. Keep your ears open and learn a market need. In 5 years or less, you can start your company, you'll have savings to live on while you get it off the ground, and you'll be comfortable with your business idea because you'll know your target market. Bust your ass and work cheaply, be the best thing for your target market, and by 30-32 someone will buy your company for a few million bucks and you'll be set for life to do whatever suits your fancy.
Ross Bundy
Focus on the skill that you have. That's it. If you can't think of an idea. Join someone else's team. But if you really want to make your mark in the startup journey, you have to be at least good in something which I feel everyone is. All the best!! :-)
Pankaj Singh Bora
Yes, don't go into things you do not know about or have not trained, studied or researched for. Remember that investing alone can build you wealth and working for others can give you experience, skill and a passion or commitment to doing something. Until you are convinced that working for yourself is the only option throw away any romantic view you have. It will be hard, tough, challenging and scary at times. Only those who are committed to it in general make it through. It helps to have some background. It helps to understand the business you are in, the customers who use it, the market it exists in. It helps to have the skill sets needed to not only serve the markets, but to somehow offer something different or better. Think hard about what you would like to do, then perhaps work in that field. Again, there is nothing wrong in working for or with others as it always takes a team. There is success and wealth there too.
Robert Heiblim
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