By Clive Mutame Siachiyako
Entrepreneurship has become the mainstream economic buzzword. It is supported by political leaders, championed by non-governmental organisations, reinforced by growing infrastructure of tertiary education and venture capitalists. As a result, entrepreneurs are now emerging from almost anywhere, in any shape and go any direction.
Entrepreneurs and pushed or pulled, that is, some people become entrepreneurs due to circumstantial factors around them, while others are driven by their passion. Pushed entrepreneurs go into business either because they are retrenched, retired, declared redundant or dismissed or they switch to doing business as their only survival means. Circumstances ‘beyond control” force pushed entrepreneurs into venturing into business.
A pulled entrepreneur is attracted into business either out of passion or association with successful entrepreneurs or admiring entrepreneurial models that they emulate. Pulled entrepreneurs could be off-springs who start business because of their parents’ entrepreneurial nature or college graduates who venture into business after seeing older fellow graduates running successful business ventures.
Pulled entrepreneurs adequately prepare before launching in their enterprises. This gives them more chances of success than those who venture into business by circumstance.
Pushed entrepreneurs on the other hand are said to respond to unplanned and normally business through trail-and-error. They thus, exhibit lower rates of success. They rarely dream to be entrepreneurs. Entrepreneurship begins with a dream. Success in entrepreneurship called for a lot of planning and preparations, taking into account all risk factors involved into each particular business venture one pursued.
Sources of business ideas
Business ideas come from different sources that are as varied as the businesses themselves. When you’re looking for a business idea, do not look far; learn to look at yourself and the environment in which you leave. You can get a business idea from your trade or job. Ideas are got through the generation and mutations of random thoughts; some of which could be rejected by the minds as useless, while others could be seen as valuable and were retained.
Pursue the valuable ideas. It’s these ideas we consider valuable that cause our minds to generate reasonable grounds for belief, which in turn stirs the exceptional intellect or creative powers that reside within each one of us. Note that age is a non-factor to entrepreneurs. Dreams and the burning desire to achieve those dreams is what an entrepreneur needs.
Possible Sources of Business Ideas
One’s job/trade:
A driver can easily:
Start a driving school
Run a taxi and/or mini bus enterprise
Start a motor vehicle spares shop
Run a car hire enterprise
A secretary can easily:
Start a business centre/stationery shop
Offer secretarial training services
Offer computer appreciation courses
Do secretarial related consultancies
An Electrical Engineer can easily:
Run an electrical spares and appliances shop
Run an electrical repairs workshop
Engage in electrical installations services
Run an electrical consultancy enterprise
A Nurse can easily:
Run a private clinic or surgery
Start a pharmacy or drugs store
Start a home-based care centre
Start a counselling centre
Run an old people’s home
The list of examples of business ideas from one’s job/trade is endless. So as prospective entrepreneurs, use your knowledge, skills, qualifications, experience and contacts that you have gained on the job to start your own business. A wonderful future is waiting for you.
Shortages in your area
Look around in your area and ask yourself ‘why there’s no one in this and that business. You look products/services that people often use in the area, yet they move long distance to access. Grab that chance; bring the products/services closer to the people in the neighbourhood.
You can get a lot of viable business ideas by just looking at products/services that are not readily available in the area in which you live or intend to settle. Make a simple survey to find out whether such missing products and services would be demanded in that area and ACT promptly and strategically. Do not just watch, act!!
Shortcomings in existing products/services
On several occasions, some poor products and services have saddened you in your area and you have probably said to yourself “if I were the one running that business, I would not have produced such poor quality products/services.”
Keenly observe and capitalise on the shortcomings in the products and services of others and come up with some imaginations of how you would improve and change the image of such poor products and services if you were the owner. Use that imagination to aspire to start your own business.
Other business ideas can be from one’s hobbies, talent of interests. For instance, interest in hair plaiting can result into the establishment of a hair salon. Extra-ordinary use of certain products by people can be another source of a business idea. Man’s basic needs or changes in social custom always present an alert entrepreneur with a business idea.
Remember: entrepreneurial dreams do come true for those who take action and are willing to learn from their mistakes. Make your business dreams a reality.
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Entrepreneurs and pushed or pulled, that is, some people become entrepreneurs due to circumstantial factors around them, while others are driven by their passion. Pushed entrepreneurs go into business either because they are retrenched, retired, declared redundant or dismissed or they switch to doing business as their only survival means. Circumstances ‘beyond control” force pushed entrepreneurs into venturing into business.
A pulled entrepreneur is attracted into business either out of passion or association with successful entrepreneurs or admiring entrepreneurial models that they emulate. Pulled entrepreneurs could be off-springs who start business because of their parents’ entrepreneurial nature or college graduates who venture into business after seeing older fellow graduates running successful business ventures.
Pulled entrepreneurs adequately prepare before launching in their enterprises. This gives them more chances of success than those who venture into business by circumstance.
Pushed entrepreneurs on the other hand are said to respond to unplanned and normally business through trail-and-error. They thus, exhibit lower rates of success. They rarely dream to be entrepreneurs. Entrepreneurship begins with a dream. Success in entrepreneurship called for a lot of planning and preparations, taking into account all risk factors involved into each particular business venture one pursued.
Sources of business ideas
Business ideas come from different sources that are as varied as the businesses themselves. When you’re looking for a business idea, do not look far; learn to look at yourself and the environment in which you leave. You can get a business idea from your trade or job. Ideas are got through the generation and mutations of random thoughts; some of which could be rejected by the minds as useless, while others could be seen as valuable and were retained.
Pursue the valuable ideas. It’s these ideas we consider valuable that cause our minds to generate reasonable grounds for belief, which in turn stirs the exceptional intellect or creative powers that reside within each one of us. Note that age is a non-factor to entrepreneurs. Dreams and the burning desire to achieve those dreams is what an entrepreneur needs.
Possible Sources of Business Ideas
One’s job/trade:
A driver can easily:
Start a driving school
Run a taxi and/or mini bus enterprise
Start a motor vehicle spares shop
Run a car hire enterprise
A secretary can easily:
Start a business centre/stationery shop
Offer secretarial training services
Offer computer appreciation courses
Do secretarial related consultancies
An Electrical Engineer can easily:
Run an electrical spares and appliances shop
Run an electrical repairs workshop
Engage in electrical installations services
Run an electrical consultancy enterprise
A Nurse can easily:
Run a private clinic or surgery
Start a pharmacy or drugs store
Start a home-based care centre
Start a counselling centre
Run an old people’s home
The list of examples of business ideas from one’s job/trade is endless. So as prospective entrepreneurs, use your knowledge, skills, qualifications, experience and contacts that you have gained on the job to start your own business. A wonderful future is waiting for you.
Shortages in your area
Look around in your area and ask yourself ‘why there’s no one in this and that business. You look products/services that people often use in the area, yet they move long distance to access. Grab that chance; bring the products/services closer to the people in the neighbourhood.
You can get a lot of viable business ideas by just looking at products/services that are not readily available in the area in which you live or intend to settle. Make a simple survey to find out whether such missing products and services would be demanded in that area and ACT promptly and strategically. Do not just watch, act!!
Shortcomings in existing products/services
On several occasions, some poor products and services have saddened you in your area and you have probably said to yourself “if I were the one running that business, I would not have produced such poor quality products/services.”
Keenly observe and capitalise on the shortcomings in the products and services of others and come up with some imaginations of how you would improve and change the image of such poor products and services if you were the owner. Use that imagination to aspire to start your own business.
Other business ideas can be from one’s hobbies, talent of interests. For instance, interest in hair plaiting can result into the establishment of a hair salon. Extra-ordinary use of certain products by people can be another source of a business idea. Man’s basic needs or changes in social custom always present an alert entrepreneur with a business idea.
Remember: entrepreneurial dreams do come true for those who take action and are willing to learn from their mistakes. Make your business dreams a reality.
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