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  2. Jun 12, 2017 · 1. The Rip, Pivot, and Jam Method. I first heard of this method from one of my favorite podcasts, the Tropical MBA show. Here’s how it works: you look at another successful business, and copy their business model (rip) … but apply it to a new industry or vertical (pivot) … and then hustle like crazy to get customers (jam).

    • Solve a problem. Your business must solve a real problem. The most successful businesses always do. But how do you identify a real-world problem? Try one (or all) of the following
    • Talk to family and friends. It’s challenging to think up ideas solo. So, reach out to someone you trust. Your family and friends can be a great source of inspiration.
    • Make tasks easier. The best and most lucrative businesses are often the most mundane. They help solve basic problems by making them easier or more efficient.
    • Build on an existing product or service. A great business idea doesn’t require reinventing the wheel. Instead, take an existing product or service and make it better.
  3. Jul 21, 2020 · Coming up with an innovative business idea isn’t difficult if you’re observant. By asking yourself key brainstorming questions, you can generate a list of business ideas that fill market needs, improve existing products, and make daily life easier and more enjoyable.

  4. Mar 5, 2024 · How To Come Up With a Business Idea: 8+ Ideation Boosters. Business ideas sometimes appear as a flash of brilliance. They may evolve from a passion project or a desire to solve a problem. Explore effective strategies for finding a great business idea—and validating it. by Dayna Winter. Mar 5, 2024. Start your online business today. For free.

    • Dayna Winter
  5. Nov 9, 2020 · Here are five ways to come up with great business ideas. Identify pain points. Great businesses solve specific problems in an exceptional way. People move away from pain and towards pleasure, so...

  6. Jun 17, 2021 · Young Entrepreneur Council members share their best tips for coming up with great business ideas. Photos courtesy of the individual members. 1. Solve Structural Inefficiencies. Take a step...

  7. Apr 7, 2024 · How to come up with a good business idea: 9 ways. Brainstorm ideas. Ask yourself, ‘What’s next?’. Use your skillset. Improve an existing business. Solve a problem. Build the same, but cheaper. Fulfill a need. Get in research mode. Invent a new service or product. 01. Brainstorm ideas.

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