How to find Business Ideas

Business Ideas

Are you in search of any business idea but can not find any which inspires you to move forward and take action on it.

Here you will find some Tips, Formulas, Examples, Entrepreneur Mindsets.

Business Ideas Formula 

    P                                   I                                S                            P

Problem                    Identification                   Solution               Providing

Now, Let's define this formula.

Identifying problems of people in existing market and providing it's solution is the formula of finding business ideas.

First Example of Problem Identification

Let's have a look at Vegetable sellers, how they sell vegetables to customers.

Some main problems which we face in this market are :

1. HYGIENE
2. LESS VARIETY
3. NO EXCHANGE / REFUND POLICY
4. NO HOME DELIVERY

1- HYGIENE

A big problem which customers face on vegetables market is HYGIENE.

when customer visits vegetables' market they see dirtness & huge flies on vegetables which has large bacterias which cause enormous diseases.

2- LESS VARIETY

Another problem which is faced by customers is lackage of varieties.

People don't find each and everything on a place. They are compelled to visit more than one shop for purchasing all items.

3- NO REFUND POLICY

Usually, there is no refund policy from vegetables' shops.

If you purchase any item you will not be able to give it back after some hours.

4- NO HOME DELIVERY

If you are not interested to go outside for purchasing vegetables, you can not order for that in your home. So, you are compelled to go outside for purchasing vegetables.

These are major problems which people face while purchasing vegetables.

Solution Providing

To adding value and fulfilling needs of customers some entrepreneurs worked on business ideas and made their Apps like Bigbasket, Grofers, Zopnow.

They give solutions for all above problems at one place.

Just customer need to download their app and order their need.

They deliver Hygienic, fresh vegetables including every variety with refundable policy in one place.

Business Ideas

Bigbasket, Grofers, Zopnow

Second Example of Problem Identification

Now, have a look at transport example.

Firstly, People used to face issues while hiring taxi.

Finding Taxi (waiting for transport)

Reliability (Genuine driver or fraud)

Safety Issues (Passenger will reach safely or not)

No Payment options (Expensive)

Solution Providing

Companies like UBER & CREEM solved these problems.

Now, Passengers just install App, Book rides and have their nice journey safely.

Business Ideas

Uber, Creem

There are lot of other ideas which has become a brand.

Like : TCS or Leopard courier  services.

           Foodpanda has fulfilled hotel problems.

           and many other ideas which you can study their journey to success.

So, Search out problems of any industry and find its solution. you will find great ideas.

Have a nice journey to great Business Idea.