Great small businesses start with great small business ideas. Look at any company anywhere and you will find that somewhere in the development there was an idea of someone who did something about it, started a company, built the company and benefited others from it.
I’m an “ideas” guy. Why? Because ideas are the origin of all things, and certainly of all those that have to do with business. If the idea is good enough and the individual acting on the idea is good enough, the combination of idea and action will shake the world. Read this article what business can i start with 10k.
Perhaps one of the most rewarding things for me is reading stories about people who have achieved business success. Every successful business came from a person, male or female, with the idea that it would become a concept, and that concept became a product or service, and that product or service created a business.
There are countless inspiring stories about how companies started and grew. Most of them are fascinating reads because, in my opinion, they help nurture the power of small business ideas and how those ideas can affect the world.
One of my favorites is the story of Madam CJ Walker. She was born in 1867 in the Deep South, a time and place of extreme discrimination and disadvantage for African Americans and women. Both of her parents were slaves and of her five siblings, she was the firstborn to be free.
But her difficulties in her life did not end there. Both of her parents died, and when she was only twenty years old, her husband also died, leaving her with a two-year-old daughter. She moved to another state to be with her brothers, and there began to develop an idea that had arisen in her years before…
Mrs. C. J. Walker remarried, this time well into her thirties, when she began experimenting with a product to treat hair loss and scalp problems that were common in women. Eventually, driven by her own passion and ideas, she developed several products of her own design and began traveling with her husband to sell them throughout the United States. Within a few years, she had built a school to train hairdressers and even her own manufacturing plant to produce her products.
Madam CJ Walker became the first self-made woman millionaire, and this with multiple and substantial drawbacks. Her story is a testament not only to overcoming great opportunities for success, but also to the power of an idea. Her small business ideas, backed by her own personal strength and ingenuity, became a boon to millions of women of her time and beyond.
Most people have great ideas. Perhaps there is nothing more common than great ideas. The problem is not a lack of ideas; they are excuses that people offer for not acting accordingly.
The entire soda empire grew out of a single idea, molded into a recipe and scratched out on a sheet of paper and stuffed into someone’s pocket. And that idea would have remained an “idea” forever, if someone hadn’t taken the opportunity and acted on it to see what happened. They did, and the world looks different.
To create a successful business, there must be an idea, but not just any idea. It must be a unique idea, never conceived or implemented, an idea that satisfies a need or desire of many people and that can be developed, produced and sold.
So how can you approach small business ideas to make them a reality? Here are some questions to consider:
1. Is the idea new? If it’s already been done, or is widely known, it’s probably not a new idea worth pursuing, unless it’s a new twist on an existing one, which would improve it dramatically.
2. Is the idea reasonable? The logical rule applies here: an idea is only as good as it is reasonable or possible. Yes, it would be great to have a product that ensures that, for example, your front lawn never grows more than the desired length, while keeping it green and healthy. But is this possible, or even practical? There are countless ideas and many of them are developed to some extent, but never see the light of day because they are unreasonable: the cost or hassle of producing them far outweighs the benefit.
3. Is the idea in my area of interest or knowledge? Most people are good at something and have a particular area of interest. To develop small business ideas effectively, it makes sense for the developer to understand the product or at least take a serious interest in it. A small business born out of someone’s passion is the fastest and surest path to success.
Building the company, business or organization.