Every entrepreneur starts their business because they feel they have the ideas, inventions, creations, messages, technologies, products, services, archetypes, frameworks, platforms or communities which once launched will change the world. And you find these ideas:
Pursuing your passion for the specific interest and honing your talents, skills, and abilities to deliver better results and monetize what you love. You believe that you enjoy doing it and you will draw a great sense of fulfillment and satisfaction while doing it. You draw the inspiration from the popular quote from Confucious “Choose a job you love, and you will never have to work a day in your life”
The greatest ideas are born when you face life challenges, solve it and sell it to others who may be facing similar challenges in their life. The only caveat here is that there exists a significant number of people facing a similar problem else it becomes the problem of few and you’ll find it difficult to scale.
Fueled with the advancements in technology and the emergence of newer technologies such as Blockchain, Artificial Intelligence, Machine Learning, Biotechnology, robotics, etc. our future is going to be substantially different than what you see today. If you can do some future gazing and spot future opportunities, you can build a high-value business idea today.
Entrepreneurs also get their ideas while working on something side by or helping someone. When you keep doing things and constantly improve it over a period of time and that helps you build something so significant that you can build a highly successful business out of your continuous work.
Sometimes, business ideas also come when you experience things during your travel, holiday or actively participating in the events. When you apply your skills and creativity to convert such experiences, you can build a wildly successful business.
Whatever may be the source of your ideas when you convert it into a market-ready product solving a real problem of your target customer with excellent execution and passion for success, you can revolutionize an industry, create wealth and change the world.