What Are Some Sources for Business Ideas for Entrepreneurs?


Quick Answer

Online business information sites such as Entrepreneur.com provide a list of low-cost business franchise ideas for entrepreneurs interested in existing businesses. Entrepreneur and Harvard Business Review feature tips for discovering business ideas from sources such as personal problems, existing skills and untapped market niches.

Continue Reading
What Are Some Sources for Business Ideas for Entrepreneurs?
Credit: Gary Burchell Stone Getty Images

Full Answer

Franchise business opportunities are available for all sorts of industries, and entrepreneurs can purchase a franchise operation in diverse niches, such as jewelry, bookkeeping, interior design, cleaning and wedding consultation. Entrepreneur.com provides a brief overview of each type of franchise opportunity and additional resources. Often the source of a great business idea comes from a desire to solve particular a problem by creating a product that fixes the problem. Asking oneself how to improve upon an existing product or service that does not meet expectations is one way to produce ideas.

Friends and associates are sources for start-up business ideas, and partnering with someone else who has a passion for starting a particular business is a possibility. Sometimes a special skill or hobby is the source of an innovative business idea. Potential business ideas can be hashed out by writing down a list of personal skills and hobbies and blending ideas with a strong desire to use skills to help others. Examining the needs of customers can produce ideas to fulfill unmet customer needs with a new business.

Learn more about Business Resources
Related Videos

Related Questions