Idea for business

July 28th, 2005

Many people think starting a new business idea is hard, so do we. Since we like to eventually have our own business, we start discuss things that can be implmented for a small business. Interestingly, we just got a new issue of Business 2.0, it has some general ideas that we think is quite useful to generate new ideas.

1. Scour the planet for the best ideas and adapt them to your local market.
2. Ease the hassles of offshoring by “nearsourcing” to latin america
3. Apply the idea behind ebay to other business
4. Target local markets with culture-specific goods
5. Use edgy technology to cut through clutter
6. Launch a startup with government funding
7. Tweak a commodity product to target a unique niche
8. Invest in regions, not countries, since borders are losing meanings
9. Bone up on biology to master the science of selling
10. Differentiate - at all costs
11. Look out the window for inspiration
12. Use a small grants to make big impacts in the 3rd world
13. Invent a completely new use of your product.
13. Create growth by launching spinoffs, not just products.
14. Find the customers who need you most- and give them what they want
15. Get people to spend more by making them think they are spending less
16. Hire globally, but manage locally
17. Tap the developing world’s mobile communications boom
18. Sell services to remote offices of global corprations
20. Get a job with a multinational to spot start up opportunties.
21. Cash in American cachet by making yourself a celebrity

Entry Filed under: General