Creative and entrepreneurial ideas for small businesses often come about after a series of brainstorming sessions. Brainstorming can be an effective way to think without limitations or restraint. It works well when there are several people doing it together, because it will allow you to bounce ideas back and forth and stimulate comments and consideration. Large companies and corporations often hire expensive consultants to imagine and develop their ideas. Small businesses may not have the same budgetary resources, but they can still tap into the creativity of their leaders. Brainstorm small business ideas by getting smart and creative people together to share thoughts on how you can initiate and maintain a successful new business.
1Define your objective. You need to know what you hope to gain from brainstorming.
2Decide what you want from your business idea. It might be to sell a product, make money, introduce a new service or utilize a new technology.
3Search for suggestions and ideas. This can be done in a variety of ways, and it often helps to include other people.
4Honor all suggestions and ideas. Brainstorming cannot work if limitations are put on the creative process. Agree to consider all ideas, regardless of how impossible they seem.
5Ask questions. Brainstorming requires that you ask specific and general questions about every aspect of each idea.
Brainstorm with a group of people. Do not invite people who will think the same way as you. Successful brainstorming comes from different opinions and perspectives.
- Set up a large white board or poster paper so you can keep track of everyone’s thoughts.
Brainstorm with small business experts. Set up a meeting with a mentor or a business leader who you respect and admire.
- Pitch your ideas to the expert and welcome any feedback. Be willing to hear positive comments and negative criticism.
1Research. Read articles, search the Internet and watch videos about subjects that are relevant to the business ideas you are brainstorming. The more information you have, the better decisions you can make.
Brainstorm all the factors and details that need to be considered. Be prepared for the challenges and opportunities that come with the small business ideas you are brainstorming.
- Consider the money you will need to start. Brainstorm how much capital will be required to start your small business. Talk through the best ways to raise that money, whether through loans or investors.
- Think about the logistical factors that are involved. List the operational aspects of your small business that will need attention, including staff, inventory, physical space for the business and marketing costs.
- Construct a timeline. Figure out how much time it will take to start the small business and turn it into a success.
3Create a business plan. Once you have completed your brainstorming and you have a vision for your small business, write it down.
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