Instructions
Let’s brainstorm! Let your creative juices flow by just writing down any idea that comes to your mind as you complete the instructions below.
- Write down sources of frustration, disappointment, and discomfort that you have noticed or experienced. The following list might help you generate some ideas:
- Complaints people have or gripes you hear from friends or people in the community.
- Inconvenience experienced when purchasing a product or in acquiring a service.
- A product or service “flaw” that is difficult to deal with, such as packaging that takes way too much time to unravel.
- The pain that comes from paying way too much (i.e., getting “ripped off”) for a product or service.
- Money that seems to be “lost” with little value returned.
- Write down some opportunities that fill any kind of need or list your dream ideas. The following list might help you generate some ideas:
- Something that can make life easier.
- A product or service that can contribute to health or well-being (literally removing pain of one kind or another).
- A simpler way to access a product or service (less hassle).
- Dreams that you’ve had as a child.
- Successful businesses around you, maybe one that you feel you could do a better job with.
- Hobbies and activities that people invest a lot of time and resources into.
- Businesses or services that need simplification.
- Read this article (Links to an external site.) for more ideas.
- Look at your brainstormed list of pain points and opportunities and come up with a business that solves each problem or exploits the opportunity.
- Narrow your list down to your 40 best ideas for a business/company; 20 for your $100.00 Challenge, and 20 for your Big Idea.
- Remember, your $100 Challenge ideas will be something on a smaller scale.
- Your Big Idea, or dream business ideas, will be a on a larger scale.
- Many of these ideas will require more funding and eventually hiring people.
- Your list of business ideas will differ between the types of businesses.
- For example, a $100.00 Challenge idea may be a lemonade stand, while a Big Idea may be to open a small software company.
- Open a new document and record your ideas.
- Group the 20 ideas for each list, for a total of 40 ideas.
- Label each group with an appropriate heading.
- Save and submit your list.
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