Karras Creative for Business Ideas

A good business idea will often be borne out of your experience. Have you observed people experiencing a problem or frustration, and do you have an idea that might eliminate or reduce that problem. The richer your experiences and the more observant you are, the more you are likely to come up with workable business ideas. Take an inventory of your experiences; of all the work you have done, paid or unpaid, and of all the games you have played, did you encounter problems looking for a solution?

Start with your resume and expand it as follows:

· Add all your activities so you have a detailed resume. Don’t limit this to work. Include games, chores, and any other activity that engages you.

· For each job or activity state what you accomplished. Remember this is not for an interview; it’s just for you so be honest.

A History

American business ideas and the people whom came up with them are by far some of the most innovative and forward thinking people in the world. Americans are now and have always been, in general, very creative people but it seems that American business people have found ways to turn the needs of the masses into successful business models. Even as early as the Revolutionary War when a group of sea baring men called Privateers were in business to help support the meager naval fleet against the enemies, for a fee of course.

The earliest great American business ideas were land companies. They would cordon off a section of land and sell the parcels for a tidy profit. People were so hungry to own land they would literally race for the parcel that most suited them. As the country grew so did the formation of companies that could provide products for the American population. There were the “big” industries like transportation, public works, communication, publishing, and utilities as well as more specialized businesses like pencil making, clock making, and candle making, etc. Personal services were some other great ideas for businesses; dressmaking, hairdressing, and the like.

Instead of working to come up with your own successful business ideas, consider taking a shortcut and buy an existing business. True businesses operate like machines and in the same way a machine can be bought and sold so to can a business. Here are just a few examples of businesses you might find available for sale in your area:
Automatic car wash
A laundromat
A real estate management company
A vending machine route
A convenience store
An apartment building
An auto body shop
A pizzeria

These are just a few examples. Open your Yellow Pages or Google local businesses to find out more about what’s in your area. Once you have an idea of the kinds of businesses you might be interested in, start asking people in your network and call your state corporation commission and local chamber of commerce to find out what resources are available to find businesses that are up for sale.

Venture capital firms, business angels and investors are people who make money out of investing in upcoming or established businesses in exchange for a share of the company. Finding a good investor to back your business idea can be a great help, specially if you still control most of your business, but it’s also considerably more difficult than finding a small business bank loan and other types of finance. Investors have very clear ideas about what they expect of their investment, and you will need to be able to prove that your business idea has a high likelihood of being very profitable. If you are getting ready to raise money for your business, the following are some of the most frequent problems you may face:

Being unprepared

A big idea is when you wake up in the middle of the night with a thought that can change the world, or change your lot in life. That rarely happens, so we are left to think of an idea with our mortal minds. Starting a business starts with an idea, then we build our business around the idea. We can do market research until were blue in the face, but without the an idea we have no product or service to bring to the market. In business models of the past the big Idea equals big expenditures. Every big idea would have needed a big wallet to fund it. Although it is important for an entrepreneur to have an idea he can innovate without the idea putting a huge dent in his wallet. There are creative ways to come up with low-cost business ideas. We will explore business ideas that we can execute without high cost. The first area we will explore is that many people believe that the market is overcrowded. Therefore you will have to throw more money at it, and out spend your competition to be successful. This is wrong thinking if you are opening a business a market is never overcrowded any market you plan to target is in reality under served. The market has a shortage of “you”.

There is hardly anyone who does not dream for financial freedom and peace of mind. Financial freedom refers to the state where you have more money that you require to fulfill you desires and that too along with having a freedom to choose when, how much and from where to work. This sounds like a world of dream but it really exists. You will not believe it unless you experience it yourself. Are you ready to give yourself a chance to reach your dream state of financial independence?