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by George Schaefer, Score.org Certified Mentor & CMStotheMAX |
AI Generated & then Augmented
Steps to Brainstorming A Great New Business Idea
Developing ideas is an essential part of starting a successful business. It allows business owners to try out new ideas and find opportunities. This piece gives you an organized five step plan for creating great business ideas. Doing these things can improve your imagination and help you develop a concept that fits your interests and the market wants.
What Is Company Brainstorming? – When a group of people get together to discuss a problem and devise ways to solve it this is called company brainstorming. Brainstorming helps people develop new ideas and work together to make answers that can be used immediately. It also helps people figure out where and what the focus should be. When planning a business, a business might also think about its rivals, its products or services and how it can make its products or services more appealing to customers. Three things make for good brainstorming:
- More quantity than quality
- Do not give feedback
- You can combine, improve and pass on ideas.
Why Is Company Brainstorming Important? –Brainstorming in the workplace is crucial because it lets people with different viewpoints work together to develop new ideas. These methods help a business or startup with its marketing or products. This also allows staff to work with people from other teams in a company or business. Brainstorming in the workplace is also vital because it makes people think critically and rethink possible solutions.
Ideas for A New Business: 5 Steps to Get Started-
Identify Your Passion and Skills-
Knowing your skills and interests is essential when coming up with business ideas. First think about the things you like to do. Think about the things you want to do for fun. Take a moment to write down the things that get you going. Next look at your work background and skills. What do you do well? Write down your skills. Just think about how these skills can help other people.
Getting your business idea to fit your interests makes the process more fun. Passion is what drives us and makes us strong. Your work will show how excited you are about it and you’ll be more likely to keep going when things get tough. When you combine your skills and hobbies you can create unique business possibilities. The result is a business that not only makes money but also makes the owner happy.
Research Market Trends and Needs-
Knowing what the market wants and needs is essential for any new business idea to work. First look at how the market is doing right now. Find studies and stories about your business. The results of this study will help us understand what people want. Find holes in the market. What is wrong with people? Think about what skills you can use to help with these problems. Use tools that are available online to find out what people like.
Forums and social media sites are great ways to determine what customers think. As you use goods or services, pay attention to what people say about them. Another essential part of this step is analyzing the competitors. Learn what other people have to offer and where they fall short. With this information you can improve your business idea and make sure it meets real needs.
Google’s free Alert service can keep you informed on what they found daily.
Other free sources include:
- Chambers of Commerce both local, county, state, national & ethnic ones
- www.score.org (Free Forever Business Advisors/Mentors)
- www.sba.gov
- Small business development centers-Federal, State, County & City
- Economic development centers-Federal, State, County & City
- Ethnic, gender or Veteran assistance organization
Engage in Collaborative Brainstorming-
Brainstorming meetings with other people can help people be more creative and develop new ideas. Get together with a group of different people. Bring in people who have different concepts and skills. This variety makes the conversations more interesting. Make sure everyone knows the rules for the meeting. Encourage people to be open minded and not to judge others. Mind mapping is one way to help you picture your thoughts.
Brainstorming games can also help people come up with new ideas. These events are fun and get people involved. Set your sights on numbers over quality at this point. The goal is to come up with as many ideas as you can. After the meeting go over the thoughts as a group. Talk about which ones the group finds most meaningful. When people work together, they often develop new ideas that wouldn’t have come up in separate meetings.
Generate A List of Ideas-
A list of ideas is one of the most essential parts of the thinking process. Start by writing whatever comes to mind. During that time write down every thought that comes to your mind. You don’t need to worry about quality or organization. Don’t stop thinking. After that, group your thoughts into groups. This will help you find themes and trends.
Use tips to help you come up with new ideas. What if questions can help you think of new ideas. Now you should come up with a long list of thoughts. A lot is essential. You’re more likely to find a great idea if you come up with a lot of them. Once you have a long list you can start to look at each one more closely. Pay attention to the ideas that get you most excited.
Evaluate and Refine Your Ideas-
To develop a good business idea, you need to evaluate and improve your ideas. Start by deciding what will be used to grade. Take things like viability, market desire and profits into account. Is your concept possible? Does it help with something? Look into related goods or services. Look at their successes and problems. Ask teachers and coworkers for their thoughts.
This outside view can give you useful information and this opinion can help you improve your thoughts. Change things depending on what other people like. Make a plan for how you will turn your best ideas into actionable steps. Give the most weight to the ideas that best fit your skills and interests. This process helps you get clear on your goals and builds a strong base for your business.
Conclusion
An organized method is needed to generate a great business idea. First write down your skills and interests. Then find out about customer wants and market trends. Collaborate on ideas with different kinds of people. Make an extensive list of thoughts without thinking about how good they are. Lastly, use applicable criteria to judge and improve your ideas. Accept the process and keep your mind open to what could happen.
Always evaluate the best and worse outcomes for your business idea. If business failure would ruin your relationship with your family or lose your house, maybe there’s a better idea to be considered.
Link Section
Suggested Places to open an free account
Gmail.com – Gives you access to many free Google Products
Outlook.com – Gives you access to many free Microsoft products
Invideo.io – Outstanding AI video creator
Fiverr.com – Quality low price services
Other to sign up too
Facebook – The most popular social media especially for folks over 40 years old
Youtube – 2nd to Google is searches and growing fast as folks don’t like AI in searches
Linkedin – A business focus social media platform
Google Voice – Gives a free phone number with transcription
Google Alerts – Have Google email you about topics you are interested in
Grammarly – Spell checker on everything including posts
Canva.com – Free advertising material generator
ChatGPT – Open AI Version 3.5 – Personal assistant and much more
Copilot – Microsoft’s version of ChatGPT 4
Gemini – Google’s version of ChatGPT
Hubspot – Great marketing tips and resources
Jotform – Internet Forms & Cellphone Apps
Quotationtemplates.net – Free Quotation Forms
Upwork
– Quality low price services
SCORE Resources
7 Ways to Grow Your Real Estate Business | SCORE
Pros and Cons of Forming a Series LLC for Real Estate Invest
Paste in a browser site:score.org & add your business type or subject
Score Mentor Industry Specialist Links
Real Estate Mentors or
Browse for a mentor
Top Facebook Related Groups
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Largest Facebook Groups |
Members |
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137,000 |
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60,000 |
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44,000 |
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32,000 |
Related Businesses
https://mediahubnation.com/2024/04/28/real-estate-related-businesses/
https://www.xlbusinessbrokers.com/real-estate-related-businesses-for-sale-in-florida/
Unique Selling Proposition USP
https://carrot.com/blog/unique-selling-proposition/
https://www.followupboss.com/blog/unique-selling-proposition-real-estate
https://begreight.com/real-estate-usp/
Business Name Ideas
Business Name Generator – Create Business Name Instantly
45 Creative Real Estate Company Names (+ Generator) – The Close
300+ real estate business names and ideas to inspire yours
Grant Portals
- www.careportal.org
- www.energy.gov/scep/energy-future-grants
- www.federalgrants.com
- www.fema.gov
- www.grants.ca.gov (Calif only)
- www.grantsforus.io
- www.thegrantportal.com
- www.transportation.gov/grants/SS4A
- www.USA.gov
- www.candid.org (non-profits only)
- www.fundsforngos.org
- www.mbda.gov/financial-resources/grants (minorities)
- www.aarp.org/aarp-foundation/grants.html (Seniors only)
- www.fhwa.dot.gov/environment/cfi/resources/
- www.grantsforwomen.org (Women only)
- www.grantify.io
- www.sba.gov/funding-programs
- http://www.galaxyofstars.org
Google Recommended Alerts (www.google.com/alerts)
- Grants {your County or State}
- {your type of product or service} Grants
- {your type of product or service} NOFO
- {your type of product or service} Grant “application open”
- {your type of product or service} Foundation Grant
- {your type of product or service} “Funding opportunity”
- {your type of product or service} “Announces funds”
- {your type of product or service} “Notice of Intent”
- {your type of product or service} “Letter of Intent”
- {your type of product or service} RFQ {in your Area Code or County}
- {your type of product or service} RFQ {in your Area Code or County}
- {your type of product or service} {in your Area Code or County}
- {your type of product or service} Inkind
- {each of your major suppliers}
- {each of your major customers}
- {your main competitor}
- {the industry leader preferably in your state}
- {your industry’s main magazine}
- {your industry’s trade association}
- {your local chamber of commerce}
Top Facebook Related Groups (copy and paste in a browser)
Facebook Groups – site:facebook.com/groups {your business type}
Facebook Groups – Grants – site:facebook.com/groups grants
Facebook Groups – In Your Area Code – site:facebook.com/groups {area code}
Facebook Groups – Business for Sale – site:facebook.com/groups {business for sale}
Top Facebook Related Groups (copy and paste in a browser)
Facebook Groups – Your Business Type
–site:facebook.com/groups {your business type}
Facebook Groups – Grants – site:facebook.com/groups grants
Facebook Groups – In Your Area Code – site:facebook.com/groups {area code}
Facebook Groups – Business for Sale – site:facebook.com/groups {business for sale}
Youtube Links
Paste in a browser site:youtube.com & add your business type
Fiverr Links or Uptime.com or Guru.com
Targeted Niche eMail Lists under $20
eMail Designers under $20
Bulk eMail Senders under $30
Logo Designers under $20
Grant Finders under $40
Grant Writers under $40
eBay.com Links or Fiverr.com or Uptime.com
Multiple Income Sources
Website Templates
Website Hosting-Reseller
Other Links
Free Forever Resources & Tools
Quotationtemplates.net – Free Quotation Forms
Licenses & Permits-Calif
Contracts – Jotform – Legalcontracts – Deedsign
Common Mistakes to Avoid {your business type enclosed with quote marks}
Industry Magazine
{your business type enclosed with quote marks}
Trade Association {your business type enclosed with quote marks}
Insurance Needs – Forbes.com – SBA.gov – Score.org
This is not intended as legal advice; for more information
For more information, email George Schaefer at or https://tinyurl.com/SCOREIE
All rights reserved but permission to use this can be requested Use at cmstothemax.com
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