Tag: entrepreneur ship

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Need business ideas in a hurry? Reach for this grab bag of tools

Bright Idea
Bright Idea (Photo credit: Wikipedia)

Ideas flow naturally when you’re deeply interested in something. You stay informed and thoughts turn in your mind about possibilities. Your best ideas often come at times when you least expect them to: in your car singing a song, walking in nature, watching a movie, reading a book or magazine or just before you fall asleep or wake up in the morning.

But what should you do when you’re stuck for new business ideas? Do more research in your area of interest? Talk to others? Spend more time thinking and imagining possibilities?

Continue reading “Need business ideas in a hurry? Reach for this grab bag of tools”

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10 reasons why you must not start a new product, service or business (unless you know how to deal with each)

Risky Business (soundtrack)

It might seem ridiculous to put you off taking your idea and turning it into a product or service and starting a new business.

But I’ve seen too many would-be entrepreneurs’ dreams lying shattered because they didn’t plan beforehand, acquire the necessary know-how, skills and experience before they took the leap.

New product development and starting a business is risky. Unless you personally manage the risk every step of the way, you could lose a lot more than your shirt.

No incubator or six-week seed workshop will remove that risk nor will it give you the know-how to start and run a money-making business. You only develop know-how by doing.

Here are 10 reasons why you shouldn’t start a new product, service or business (unless you have a solid plan to rectify these weaknesses): Continue reading “10 reasons why you must not start a new product, service or business (unless you know how to deal with each)”