As you know every business start with some business idea that came from entrepreneurial brain. If business potential energy of your business idea is greater, then also will be greater overall business potential energy. The business idea is the first step in starting the business. But, one thing that can dramatically increase business potential energy of your business idea is that business idea to match your skills and your passion for something.
I’ve already had been written about three steps of a business idea generation process.
- The first step: Integration with yours education knowledge, passion and hobby.
- The second step: Finding the problem on the market.
- The third step: Defining a target market.
If you accomplish the first step of a business idea creation process successfully you will pass half way to making your business idea to be with the highest business potential energy.
This first step when you integrate knowledge, passion and hobby present integration of your skills into your business idea. However, what are the skills? In the simplest form skills are a knowledge to doing some activities or accomplishing some tasks. This knowledge is obtained through five different sources of knowledge:
- Knowledge from home,
- Knowledge from educational systems,
- Own intelligence,
- Experience,
- Hobby.
What will be future benefits?
Your skills are inexhaustible source of business potential energy for your business not only in the startup level but also in all business lifecycles levels. Your skills will be your crucial competitive advantage of your business. In the startup level of your business may be the only thing that will bring you competitive advantage will be your skills. When you have the knowledge about something you will have power to bring your business to the success. Then you will like your job and this will brings great potential to you as an entrepreneur. Also, the knowledge will bring some saving in your business.
The following benefits you will experience with starting a business that is creation from the business idea that matches your personal skills:
- You will have the knowledge about doing your business. If you have the knowledge you will avoid mistakes that can be dangerous for your business.
- If you have skills to accomplish tasks for your business then you will save money for leasing people to make those activities instead of you.
- You can solve every problem that can occur in your business.
- A decision making process will be more quality and more effective.
- You will like your job. This will bring happiness to your life.
- Your passion of doing business will be on the highest level.
- Your job will not be stressful.
The process of finding a business idea
Every individual has some type of skills integrated with him. Some individuals can use them in right way. Some don’t have. Here is difference among different entrepreneurs from the same branch. If you want to come to a business idea that will match your personal skills you must pass through following a simple process of generating those ideas:
- Analysis of your personal skills. Here you must ask and answer on several questions. What are skills that you have? What skills are on a high level and what skills are on a lower level? What is your educational level? What is your hobby? After you find all your skills you must write them in descending order from skills with higher level to skills with a lower level.
- Generating business ideas that match those skills. In this level of the process, you must increase your entrepreneurial creativity. I have already written blog post about increasing creativity in six tips for increasing creativity. Note the ideas near all previously noted skills.
- Select business ideas that mostly match your skills. When you select business ideas, you must ensure that the ideas match your skills that have been with highest level.
After this process, it is better to have more business ideas because this is only the first step in a business idea creation process. Still you must include market characteristics in your business ideas – problem and target market. But, as we noted before this is the half of your job in creating a good business idea.
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