The Idea is the Easy Part
Most people are of the belief that coming up with an idea is hard. “If only I could think of an idea, I’d be able to create a business”, they say. They also try and think too big. They hold out for that “killer app” or world changing concept. The next Facebook. But business ideas don’t have to be that ambitious. And they certainly don’t have to be that difficult to come up with. All you need is this simple formula. Idea = Niche + Need Find a niche, find a need. It really is that simple. But let’s dig into it some more. Find a Niche A niche is a small area of interest. A specific area of the market for people with a specific interest. Finding a niche is a balance between finding a market small enough to be focused but large enough to be worthwhile. Finding the right niche can be difficult in itself, but it can be made easier by following what interests you. This is actually incredibly important. Focusing on an area that you’re passionate about will both inspire you and keep you involved