Tag: new business ideas

6 Ways to Generate New Business Ideas

6 Ways to Generate New Business Ideas

If you’re lucky, you have no problem coming up with new business ideas. But if you’re like most of us, that’s simply not the case. You might have the drive to start a business. You might have the skills to run it successfully. But you might not be sure what kind of business you should start. If you’re having trouble coming up with a concept for your business, here are 6 techniques you can use to generate new business ideas. To make things even easier, we’ve included an example of each technique based on the experiences of Murphy Business franchise owners. Strategies for Brainstorming New Business Ideas 1. Try to Anticipate the Next Big Thing One of the most popular strategies for new business ideas is to look at the market and try to anticipate where it’s headed. This strategy can be risky — predicting the future always is. But… Read more »