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   What makes a good business idea?

   • A good business idea should give you the ability to run your business on your own. 9 templates to help you brainstorm a business name, develop your business plan, and pitch your idea to investors. And more! Airbnb Co-founder, Brian Chesky, said, “If we tried to think of a good idea, we wouldn’t have been able to think of a good idea.

   70 Small Business Ideas for Anyone Who Wants to Run Their Own Busin…

   blog.hubspot.com/sales/small-business-ideas

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   What are the best business ideas?

   • The problem many entrepreneurs run into when thinking of a new business idea is trying to create the next biggest thing. But sometimes the best business ideas are those that solve a more mundane problem. A great way to come up with new business ideas is to think about ways you could make existing tasks easier or more efficient.

   How to Create a Good Business Idea | Mailchimp

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   How do you come up with an innovative business idea?

   • 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. Do you want to turn an idea into a viable venture?

   How to Come Up with an Innovative Business Idea | HBS Online

   online.hbs.edu/blog/post/how-to-come-up-with-a-business-idea

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   How do I create a successful business idea?

   • To set achievable business goals, be specific about your plan, find a support group to provide accountability, and visualize your success. To generate a great business idea, start by analyzing your strengths. Ask yourself the following questions: What are your passions?

   How to Tell if You Have a Great Business Idea - Business News Daily

   www.businessnewsdaily.com/3969-finding-great-business-idea.html

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2. blog.hubspot.com › sales › small-business-ideas70 Small Business Ideas for Anyone Who Wants to Run Their Own ...

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   Mar 19, 2024 · What makes a good small business idea? Not all small business ideas are made equal: Some require more effort and funding than others, while some can be launched with few resources — or resources you already have.

3. www.shopify.com › blog › develop-business-ideaWhat Makes a Great Business Idea? - Shopify

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   What makes a great business idea? A successful business idea addresses a real market need, offers a unique value proposition, and has the potential for scalability and profitability. It should be practical and achievable with available resources and adaptable to market changes.

   • A business idea is the reason for starting a small business and the first step in the business development process. Your idea informs every decisio...
   • The best business ideas provide a product or service that address an ongoing need for an identifiable customer base. A good business opportunity is...
   • To turn an idea into a business, you need to identify a customer base through market research, conduct competitive analysis to hone your message, a...

4. Videos

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     How to Find Business Ideas - The Ultimate Guide (2023)

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     How to Come Up With a Good Business Idea in 7 Steps – Bplans

     Nov 7, 2023

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     7 Strategies to Grow Your Business | Brian Tracy

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5. connorgillivan.com › great-business-ideaWhat Makes A GREAT Business Idea? These 9 Traits

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   • MRR, YRR, and LTV. MRR is monthly recurring revenue that you receive from customers for your business services or products. YRR is similar. It’s your yearly recurring revenue that you receive on average from each customer.
   • Stickiness. Stickiness is an informal measure of how loyal a customer becomes to your business, its brands, and its products/services. The more stickiness, the more loyal that a customer could become with the potential of turning into a repeat customer or an ongoing, long term customer.
   • Turnover Rate. Turnover rate is the percentage of customers that leave your business or stop using your products/services over a certain period of time.
   • Market Size. Market Size is the total addressable market that your business idea directly applies to. This is the total number of potential customers that are in the market for the product and/or service that your new business idea is offering.

6. online.hbs.edu › blog › postHow to Come Up with an Innovative Business Idea | HBS Online

   online.hbs.edu › blog › post

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   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.

7. www.bplans.com › start-a-business › ideasHow to Come Up With a Good Business Idea in 7 Steps | Bplans

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   • 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.

8. www.businessnewsdaily.com › 3969-finding-greatHow to Tell if You Have a Great Business Idea

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   Oct 23, 2023 · Table of Contents. Starting a business takes an enormous amount of time and energy, so it’s essential to be passionate about your business idea. However, passion isn’t enough; you also need...

9. mailchimp.com › resources › how-to-create-business-ideaHow to Create a Good Business Idea | Mailchimp

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   Learn about what makes a good business idea, and how to take your idea from inception to production. Endless job applications and interview callbacks may seem like the gatekeepers of employment, but that’s not necessarily the case.