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How to Generate New Business Ideas

1 year ago | Posted in: Business, Startups | 441 Views

Great business ideas are all around you. Just be flexible to the world of possibilities, and you are bound to find a successful winner. Business leaders use their imagination each day to innovate new solutions in a way to make the world a better home.

But what is the secret to this? The answer is there is no secret at all! However, below are ways that can help your mind remain active and open to generate new ideas for your business. When the great ideas do come to you, make sure to protect your plans by consulting with a patent attorney in Utah.

1. Interacting with new people

Making time for new friends who you do not share similar thought processes or backgrounds as you can help you freshen up your thinking process. Create appropriate links for networking with, grasp new skills, and learn about different events. Also, talking to people who are not within your area of specialization or strike up conversation deal with your clients can help in generating new ideas.

2. Take note of what you consume

Generally, idea generation is stimulated by consumption, but not creativity. As quoted by Steve Jobs, “creativity is just connecting things. ˮ The ways we relate to many things the higher chances of improving our ideas. This directly means the quantity and quality of the stuff we consume are crucial to the impact of generating a good notion. The books, TV shows, articles, and movies we consume, the people we interact with, and the experience we have all influence our ways of thinking.

Generating helpful ideas is only half the battle. To generate most of what we consume the secret is to spread those ideas to others. After passing through a useful article, share your experience to others through holding a conversation or share it in through blog post. By doing so, we get more exponentially impact out of each of those things making it more lightly to unlock new ideas down the road.

3. Adapt new ways of thinking

Advanced technology has come along with new methodologies of thought, where some industries are better at embracing them compared to others. For example, design thinking is an innovative mindset methodology applied to understand new problems and implementing creative solutions.

4. Travel more

Traveling opens your eyes to a plethora of potential business ideas. For instance, if you come across a design you like in your travel- you can take it home and rebrand it depending on the nature of the problem in the ground. Even if you don’t find traveling enjoyable, in one way or another, it exposes you to new surroundings and the feeling may help rejuvenate your body. Also, someplace that has technology transfer offices, like in the universities, may be a perfect opportunity for commercializing. Take an idea that’s already existing and take it to the market.

5. Explore the power of technology

Web surfing is one of the easiest ways to acquire some ideas and at the same time source of fun. Regular visits to popular entertaining websites, platforms which provide question and answers, and other popular forums can give you a fundamental trending idea. You can utilize Web surfing to access some hot topics and discussion that are popularly shared through social network posts.

6. Analyze old ideas.

What could be the need for inventing new ideas when you can use already existing functional ideas. Analyze deeply on already implemented ideas and think about of gaps in them that you can improve. However, avoid copying someone’s design. You need to carry out extensive research and learn about customer’s take on the existing product. Try to find out the gap in the market and ways to fill it

Final Thoughts

After all, developing creative thoughts should be backed-up with a real focus of achieving a change in the industry. Giving more effort on the problem in the ground will provide a 100% success, and at the end, your customers will be happy.

by: Walter Bodell

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