3 ways to get into starting your own business

3 ways to get into starting your own business
Panagiotis Koutoudis
by Panagiotis Koutoudis

The first thing you need to think about when you’re trying to start your own business is to have a good idea that you can make into a commercial prospect. What this means is that you have to think about a problem or an issue that you think you can help solve.

Think about all the great products that you use on a daily basis, each one of them solves a problem. From the can opener to the mobile phone, all the things that you are using in your everyday life help people live their lives more comfortably. That’s something you need to work on if you want to start your own business.

The general idea is that you create a business idea around three possible permutations. The first one is that you’re going to create a business around a product or a service that no one else is providing. This is the trickiest thing to get right, because as the human race progresses, most problems have been solved. However, There are ways around this and what you need to do is think about a product or service that you can’t see anyone else selling. If you’re lucky enough to be able to get this done and you can find something that no one else is doing, the chances are that you’ll be on for quick business growth.

Geographical idea

“If you have ideas, you have the main asset you need, and there isn’t any limit to what you can do with your business and your life. Ideas are any man’s greatest asset” – Harvey S. Firestone

Failing that, you can look at the geographical aspect. Look around the businesses in your local area, both those businesses that are real and in the high street and those that are online. If you can find an idea that isn’t being serviced or catered for by any business in the local area, you have a chance of providing something new and different. This is a very common way for people to go into business, because while there may be a situation where everything has been made or created for service, this does not mean that people in your area are necessarily doing it. Look around, and if there are lots examples of what you want to do in the local area, you have a very strong business proposition. Be careful to research fully, both on and off-line, so that you’re not left with an idea that is being done already. If you’re lucky enough to find this particular route, this is a strong business possibility.

The final way to get into business is just to do something better than someone else. It’s especially possible in services, where you can put all the effort into your customer service and can make a big difference. If you can offer any type of service or product in a better way than someone else does, people will come to you rather than the other person. Again, concentrate on your customer service and not just your end product.

So there are some ways in which you can get into business and create your own business. It is not impossible, and it’s all about spotting opportunities.