New Business? Develop a Powerful Business Idea

Are you deciding on a new business? You’re all super charged and ready to begin your business. But do you have the drive, desire and commitment to make it work? Well, you got to have that if you have a REAL business that you want to pursue and if you want longevity. But wait… could there be one thing missing? Yeah, that’s right you lack a powerful business idea.

Never fear, you are not alone there are many successful, experienced business owners who may have difficulty deciding on their next move. Well today there are 6, count ’em 6, 6 steps that you can take to develop a powerful business idea.

1. It’s All About Your Attitude
When you are developing a new business or adding another business, it’s all about your attitude. A positive, optimistic attitude and forecast is the foundation for success. The foundation that you set is the ground work that sets the direction for your idea. Know and understand that research, education, asking questions, plain old creative brainstorming is necessary and worth the effort to achieve your goals.

You must be willing to learn and educate yourself on business and the type of business industry that you want to go in. YOU MUST EDUCATE YOURSELF; I CAN NEVER SAY IT ENOUGH. Just because you are out of school, the learning never stops because the business world changes all the time. Something in the business world could be changing now as you read this. You have to stay on top of the knowledge of what’s going on in business. If you don’t, you’ll fall behind. If you can afford to experiment, then do it. Always use mistakes or failures as learning opportunities.

2. Switch Places
Think about it and put yourself in the place of your customer. If you are the customer, what types of products or services fit best with your business model, what aspects of the product or service you like and dislike and what elements might add value.

3. Get A Sounding Board
Seek out someone with whom you can get some feedback from, good or bad. You can use your family and friends, those are good choices but their experience and emotions may cloud their objectivity. So choose carefully. In addition to family and friends, you should seek out expert advice from a person who will ask the right questions, tell you the upfront truth and not feel guilty about offering criticism.

Many current and budding entrepreneurs have business partners & consultants that are Virtual Assistants. With whom they use their services & utilize as sounding boards that help to offer advice, guide their thinking and alert them to hidden considerations or risks.

4. Research, Education, Research, Education!!
I tend to talk a lot about education because it is a passion of mine, it is very critical to your personal & professional growth. You don’t have to go to college to research, read, study, inform & educate yourself.

So with that said, you must research and educate yourself to be successful in the goals that you are trying to achieve. Get up, get going and learn EVERYTHING that you possibly can about business and the type business that you are going into. Through your research & education, you’ll uncover and discover. The more that you uncover; you’ll discover it will be easier for you to spot a need or trend that your business can fill.

Many times investigating one idea can lead you to another one and another one and another one etc… Then you’ll find that those ideas will lead you to more ideas that may be more promising or easier to implement.

5. Be A Daredevil
In some businesses there is plenty of risk involved and sometimes you have to take some risks. Many, many years ago, in the early days of the airplane, daredevil men and women would perform acrobatic feats on the wings of airplanes while soaring above their amazed spectators. They had a simple rule for survival that’s just as applicable to today’s entrepreneurs: don’t grab for something unless you already have a firm hold on something else.

In other words, conduct your small business exploration and development around your current career skills or responsibilities. Do not be in a rush to make hasty decisions or investments, take some time to think things through. Write down your ideas, keep a journal. That way your mind stays clear, stress-free to think things through and make the right decision.

6. Put Your Research Into A Plan & Your Plan Into Action
Once you have done your research, take what you have and put it on paper. Once you put it on paper (such as a business plan or just write it out) that will help you to see the direction that you want to take your business idea. It will help you to write out milestones, the steps that you need to take to reach your goals. When you incorporate your research and ideas into a business plan, it’s a good exercise that helps you to assess possibilities, contingencies, opportunities and limitations of any business idea, whether you decide to follow through or not.