What's the process one can go through to come up with a winning idea? What considerations should the entrepreneur pay heed to (like resources, market) to figure out if it's something that's possible with a high chance of succeeding?

The best step is to look at things in your everyday life, and figure out what are the pain points, or what can run smoother. Your best chance to get a business idea isn't from something that you know nothing about (for instance, I'm sure there are great ideas to start businesses in aircraft production, but I know nothing about that industry, so I wouldn't know). What's going on in your world that seems like it could be easier? Think about everything you do on a daily basis and look for improvements. Then think through your head what those might look like. If you'd like to chat through this process, let me know!

Answered 4 years ago

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