Dynamic Business Logo
Home Button
Bookmark Button

Five ways to hatch your next business idea

The first step in building a successful business is to stand out from the crowd. Here’s a real-world, step-by-step guide to distinguishing yourself and your product.

If you don’t have a big idea, you simply fade into the background like every other “me too” product or service. It’s not always about having a proprietary product or service. This is really more about positioning and a prospect’s immediate reaction to your product.

That’s one of the key elements of the big idea — gut reaction. With our world being busier than ever, people usually don’t have time to explore absolutely everything about a product or service. We use shortcuts for our decision-making. The more clearly you can distinguish your product or service, the better you’ll do in the crowded marketplace. Working on your big idea is critical and means the difference between a “base hit” or a “home run” product. What follows are five major things I keep in mind when coming up with a big idea or hook:

  • Give them the fish. I can’t overemphasise this idea. People are lazy; cater to it. Everyone knows the saying: “If you give a man a fish, you feed him for a day, but if you teach him to fish, you feed him for life.”

What do you think?

    Be the first to comment

Add a new comment

Entrepreneur.com

Entrepreneur.com

Entrepreneur Magazine has been inspiring, informing and celebrating entrepreneurs since 1973. Entrepreneur.com offers real solutions to the challenges faced by entrepreneurs, including tips, tools and insider news to help build – and grow – businesses.

View all posts