Suppose you are an entrepreneur and want to start a new business but you actually don’t know...see the detail

Question

Suppose you are an entrepreneur and want to start a new business but you actually don’t know from where to start, what will be your new product and what will be its position in market. You don’t even know that will it be acceptable in market or not. For this, you want some ideas to produce a product which is attractive for consumers. From where will you get some general ideas for new product development?

Answer 1

Only you can do this.

Is it money, or labor that you have to put in?

We can rule out knowledge. Unless you can use what you know or do now, & see how that could work for you.

Check out the franshie buisnesses.

Look around at things that you might like to do.

Go to a library & look through buisness magazines.
There may be ideas for buisneses else where that arn't in your area.

If you have an idea for a product, work up a plan with as much infromation as you can.

As you go to different buisnesses, picture your self running it.

Answer 2

Good question. Now days its better to work with a product that is already developed. I too have looked for different product ideas and company's to either start or get involved with. I have made numerous mistakes along the way. But what I have found is something that really works for business minded people like us. Take a close look at this company, product, and market. It may or may not be for you. If you like what you see, hit me up.

Good Hunting.