Introduction
An idea creation skill is the creative process of coming up with solutions and accepted knowledge. The concept of creating a new venture idea needs to know how new business ideas can change the level of venture processes that regularly will lead to more success and productivity.
Idea creation is one of the main factors that contribute to the success of any business prospect. Usually, great business ideas are always around the entrepreneur. Here, you just need to open the inside creativity and open all possibilities to find the best within. The creative self is more important because the business’s potential energy at start-up levels depends on the ideas that need to be implemented and put into reality. Considering entrepreneurship? Look to these places for some potential business ideas.
1. SCAMPER
Each alphabet of SCAMPER symbolizes another delicate term that then discusses other steps that need to follow for carrying those necessary new ideas. Here is SCAMPER, and each letter stands for:
- Substitute
- Combine
- Adapt
- Modify
- Put to another use
- Eliminate
- Reverse
2. Past work experience
An idea generation comes from the past success and failure experience of an entrepreneur. For example, an individual might have experience in public relations through occasional involvement with client relation development.
3. Market surveys
An idea can also be generated from recognition of what customers need in the market. The customer’s choices are varying according to current market trends. The most essential market trend is based on technological advances, economic development, standard of living, social developments of society, and others. Changes in these areas often provide the impetus for new business ideas.
4. Role-playing
In this technique entrepreneurs take up roles to play in different situations. These roles are usually different from the present role. For example, in this technique, instead of playing the role of an owner, an entrepreneur could take up the roles of customers, consumers, suppliers, the government, and others. These roles could lead to stumbling upon some good ideas.
5. Prospective consumers
A prospective consumer distinguishes what they want as per their regular habit and interests. Mostly, new product or service idea creation may come from the consumer’s reactions to existing products and what changes they want within.
6. Existing organisation analysis
An analysis of the capability consumption of various industries offers information about the possibilities for further investment. Many ideas for successful businesses come from people who have worked in a particular market and industry.
7. Consultations or advice from the experts
“Consultations” generally means to seek advice or meet with an expert. Usually, the experts have many years of involvement and experience in the businesses. Therefore, seeking expert advice will help us understand the pros and cons of businesses. The business experts also help set realistic goals and future prospects for businesses.
8. Market gap investigation
Necessity has always been the mother of invention. Here, an entrepreneur just needs to observe what goes on around them. For example, an idea or new product launched in the USA but not yet tried in India.
9. Research and development An entrepreneur can also conduct research on existing products and services that are available in the market with high demand. There are many areas where entrepreneurs explore, like digital platforms, medicines for various viruses, equipment, tools, and others.
About the Author
